A perfect storm of Middle East unrest battered Indian stock markets at Monday’s open. With Iran’s leadership decimated in joint strikes and Trump signaling escalation, benchmarks Sensex and Nifty nosedived over 1%.
The BSE Sensex shed 1,000 points right away, NSE Nifty 300. Trading at 9:25 AM saw Sensex at 80,244.09 (-1,043 pts, -1.28%) and Nifty at 24,868.95 (-310 pts, -1.23%).
All Nifty sectors languished in red. Sensex constituents—all but BEL—joined the rout. Mid and smallcaps dragged harder, down 1.36% and 1.86%.
Nifty Realty tanked beyond 2%, media close second in losses. Metal index held up best, with minimal downside.
Global equities reeled, precious metals soared on flight-to-safety. Ongoing US-Iran hostilities promise more turbulence.
Choice’s Hitesh Tayal maps Nifty’s near-term resistance at 25,600-25,650, support 25,300-25,350. Neutral RSI of 47.11 underscores caution.
Friday’s FII exodus totaled Rs 3,465 crore sales, countered by DIIs’ Rs 5,000+ crore inflows over three sessions.
Advisors stress strategic trading in uncertainty: eye solid stocks on weakness. Bullish conviction builds only on Nifty’s firm close above 25,800, heralding renewed positivity.