If the Nifty 50 reclaims and sustains above 23,000, a move towards 23,400–23,500, a crucial hurdle, cannot be ruled out. However, support is placed at 22,700, followed by 22,500.
Considering input price inflation across various sectors, RBI in the April policy meeting will increase inflation forecast and will marginally cut growth estimates for economy,
The Nifty 50 needs to maintain this upward trajectory over the next few sessions by surpassing and sustaining above the 23,400–23,500 zone. Until then, range-bound trading may continue, with immediate support at 22,700 followed by 22,500, according to experts.
The weekly options data indicates a trading range of 22,500–23,500 for the Nifty 50.
Sensex, Nifty rebounded sharply on a report that Iran and the U.S. have received a plan to end hostilities with an immediate ceasefire.
Sensex, Nifty declined as crude prices climbed amid fears of further escalation in the West Asia war.
Global markets recover after initial volatility, with S&P 500 and Nasdaq Composite holding gains in Thursday trade. Oil prices surge sharply as WTI Crude hits $111 and Brent Crude crosses $109 amid rising geopolitical tensions. Iran–Oman talks on the Strait of Hormuz remain in focus, while OPEC+ plans to increase output by 206,000 bpd in May. Strong US labour data supports sentiment, with nonfarm payrolls rising by 178,000. Asian markets including Australia, New Zealand, Hong Kong, China and Taiwan remain shut for holidays. Back home, Nifty 50 trades in a range with last week’s low at 22182 and high at 22941, while bank stocks are likely to be in focus ahead of Q4 updates. Catch Vishnu Kant Upadhyay, Ashish Chaturmohta, Harsha Upadhyaya, and Preeti RS, sharing key market insights in today's opening bell. Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools.
Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth ₹9,931 crore on April 2. However, Domestic Institutional Investors (DIIs) provided support, purchasing equities worth over ₹7,200 crore.
Sensex Today | Stock Market LIVE Updates: Indian markets closed higher on Monday, with benchmark indices gaining over 1 percent after recovering sharply from early losses, as optimism around a potential Iran-US ceasefire improved sentiment and eased concerns over oil supply disruptions. PSU banks and realty stocks outperformed with gains of over 2 percent, while metals, auto and FMCG also advanced.
The transition from panic to recovery is expected to be volatile, implying that the first quarter of FY27 may still see turbulent sideways consolidation before a sustained rally, said Waterfield's Vipul Bhowar.
In case of further recovery, the Nifty 50 may face resistance at 22,800–23,000. However, failure to sustain could bring the index toward the immediate support zone of 22,500–22,450, followed by 22,200 as critical support.
Technical indicators are largely in favour of bears despite Thursday’s recovery. The index needs to reclaim and sustain above the 23,000 zone for an upmove toward 23,500; until then, consolidation and range-bound trading may continue, with immediate support at 22,500, followed by 22,200.
The coming week starting from April 6 is also expected to remain weak with elevated volatility until there is a concrete news development with respect to de-escalation of war and opening of Strait of Hormuz.
On the domestic side, the key risk would be any delay in earnings normalisation in sectors where expectations have run ahead of delivery, as well as pockets of elevated valuations, said Pradeep Gupta of Anand Rathi.
Ashish Kyal believes the low of 22,180 is going to be crucial for Nifty 50 because, if one looks at the weekly timeframe chart, this is the same level that was seen during May 2024. A very important base formation also happened in this zone in March 2025.
While immediate upside cannot be guaranteed and near-term volatility may persist, the broader setup suggests markets are gradually approaching a bottoming phase.
If tensions persist in May 2026, the impact begins to transmit into macro variables. Elevated oil prices start reflecting in inflation expectations, currency pressures remain, and financial conditions tighten, said Puneet Sharma of Whitespace Alpha.
The 22,900-23,000 zone remains a key resistance band for the Nifty 50 next week, however, a decisive break below 22,350 would indicate a continuation of the downtrend, potentially dragging the index towards 22,200 and even 22,000, making this a crucial make-or-break zone in the near term, said Sudeep Shah of SBI Securities.
During the week, the BSE Sensex fell 263.67 points, or 0.35%, to end at 73,319.55, while the Nifty 50 was down 106.5 points, down 0.46%, to finish at 22,713.10.
Focus on high-probability setups when buying options, and avoid small premiums.
As per the latest round of rhetoric, it appears the war could extend further, and the resolution is unlikely in the immediate term, said Client Associates' Himanshu Kohli.
Trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will remain shut for the day on both the BSE and the NSE.
The weekly options data indicates a 22,000–23,000 range for the Nifty 50 in the short term, as a breakout on either side of the range could provide further direction to the market.
More than 140 stocks touched their 52-week low on the BSE, including Sapphire Foods, Blue Star, Cholamandalam Investment and Finance Company, Devyani International, PG Electroplast, Godrej Properties.