The markets closed very low on Friday when the border tensions increasing between India and Pakistan weighed a lot in the feeling of investors, with the reference rates that extend the losses for the second consecutive session despite the constructive global signals.
He Bse Sensex Closed to 79,454.47, less 880.34 points or 1.10 percent from its previous closure, while the NIFTY50 It ended at 24,008, throwing 265.80 points or 1.10 percent. The indices broke their three -week winning streak, with both brands publishing weekly losses that exceed 1.39 percent.
“Ingenious merchants seemed to adopt risk operations amid the tensions of India-Pakistan, since the index fell from its recent consolidation zone,” Rupak said,, LKP Securities Senior technical analyst. “The Nifty managed to stay above the 24,000 mark since the index found support around the exponential (EMA) mobile average of 21 days.”
The amplitude of the market remained negative for the second consecutive day, with 2,522 shares decreasing against 1,343 advances in the EEB. The volatility index, India Vix, increased by 2.97 percent, indicating a growing uncertainty of the market. Notable, 190 shares reached its minimum of 52 weeks compared to only 52 actions that reach the maximum of 52 weeks.
Among the sector indices, Realty was the worst performance, which threw 2.3 percent, followed by private banks that decreased 1.3 percent. Meanwhile, the media, the consumer durable, capital goods and PSU banks showed strength with profits ranging from 0.9 percent to 1.6 percent.
Icici Bank was the main loser among the ingenious components, falling 3.24 percent to ₹ 1,389, followed by the electricity grid (-2.74 percent), grass (-2.22 percent), Ultracemco (-2.22 percent) and Shrream percent).
On the side of the Gainers, Titan led with a jump of 4.17 percent to ₹ 3,509.90, followed by Larsen and Toubro (3.84 percent), Tata Motors (3.83 percent), Bharat electronics (2.93 percent) and the percentage of state).
“The Indian shares market opened very less today, falling into chopped by 338 points, since the news of growing conflict between India and Pakistan weighed a lot in the feeling of investors,” said Devarsh Vakil, head of main research, HDFC values. “Despite the very negative opening, the Nifty Midcap and Smallcap rates recovered significantly, winning more than 2 percent of their minimum intradic.”
The widest markets showed a mixed yield, with the NIFTY MIDCAP 100 closing index, while the Smallcap 100 index decreased by 0.61 percent. The total market capitalization of all companies on the list in the EEB decreased to ₹ 41,701,115.92 million rupees of ₹ 41,934,056.71 crore the previous day.
After three consecutive days of acute depreciation, the Indian rupee found some respite, appreciating for 34 lands against the US dollar to close in ₹ 85.37.
“The rupee quoted in a volatile range or 85.90 to 85.35 in the midst of ongoing border tensions between India and Pakistan, with scaled signs that keep the participants of the cautious market,” said Jateen Trivedi, Vice President of Research of LKP Securities.
In basic products, gold prices witnessed volatility, quoting between ₹ 95,750 and ₹ 96,750 in the MCX, influenced by acute movements in the rupee and the optimism surrounding the European US commercial ads.
Technical analysts suggest that the market could remain under pressure in the next sessions. “We believe that while the market remains below the level of 24,150/79,900, the weak feeling is likely to continue. On the negative side, it could re -test the level of 23,800/78,800,” said Amol Athawale of Kotak Securities.
Nagaraj Shetti of HDFC Securities added: “A greater weakness from here could find a strong group supports around 23800-23600 and there is a possibility that a rising bounce of the minimums will occur.”
Looking towards the future, market experts believe that volatility rose to next week, driven by geopolitical developments, Conerns related to the rate and the ongoing profit season of the fourth quarter. The NIFTY is expected to be negotiated within the range of 24,600-23,800, with immediate resistance to 24,150-24,340 and support to 23,850.
Posted on May 9, 2025
