“Sensex and Nifty Open Flat Amid Global Uncertainty and Geopolitical Tensions: Key Market Movements and Technical Outlook”

Mumbai: Indian equity benchmarks, the Sensex and Nifty, opened on a flat note on Tuesday morning, reflecting mixed global market signals and cautious investor sentiment amid ongoing geopolitical tensions. As of 9:18 AM, the BSE Sensex was down by 11 points at 80,785, while the NSE Nifty 50 declined by 8 points to 24,452.

Broader Market Faces Selling Pressure

Selling pressure was visible in the broader markets, with both midcap and smallcap indices seeing declines:

• Nifty Midcap 100 dropped by 126 points (0.23%) to 54,548
• Nifty Smallcap 100 fell by 61 points (0.37%) to 16,547

Experts suggest that the Nifty 50 continues to trade within a consolidation zone, forming a neutral candlestick pattern on the daily chart, reflecting indecisive market movements.

Technical Outlook: Key Levels to Watch

Market analysts recommend monitoring key levels for future trends:

• Upside Breakout: Nifty needs to break decisively above the 24,500 mark to trigger upward momentum, with potential targets at 24,700 and 24,800.
• Support Levels: On the downside, support levels are seen at 24,200 and 24,000, offering possible buying opportunities on dips, according to Mandar Bhojane of Choice Broking.

Sectoral Performance: Auto, FMCG, and Private Banks Lead

• Top Gainers: Auto, FMCG, and private banking stocks led the market rally, with strong performances from M&M, Bharti Airtel, Bajaj Finserv, and others.
• Top Losers: Pharma, realty, and media stocks faced underperformance, with notable declines in Sun Pharma, Tata Motors, and Titan.

Asian Markets Mixed; US Markets Close Lower

• Asian Markets: Most Asian markets ended in the green, with Shanghai and Hong Kong gaining on hopes of a potential US-China trade deal. However, Japan and South Korea remained closed for public holidays.
• US Markets: The US markets closed in the red in the previous session, signaling a cautious global outlook.

Institutional Activity: Strong Inflows from FIIs and DIIs

Both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were active buyers in the market:

• FIIs purchased equities worth ₹497 crore.
• DIIs invested ₹2,788 crore in Indian stocks.

This continuous inflow of funds indicates strong market confidence, despite the ongoing global volatility.