On Monday, heavy selling pressure was witnessed in domestic markets. The Sensex fell 1,048 points to close at 80,238. The Nifty declined 312 points and settled at 24,865. Investor concerns over rising tensions in West Asia affected sentiment. Midcap and smallcap indices also ended lower in line with benchmarks.

Most sectoral indices traded in negative territory. Auto, consumer durables, oil and gas, and PSU banks recorded notable losses. Only metal and pharma stocks showed marginal gains. Analysts stated that Nifty support is seen at 24,600, while resistance stands at 25,000.

Global markets showed mixed trends. Oil prices surged after reports that Iran closed the Strait of Hormuz. Asian indices declined, while US markets ended mostly higher. FIIs sold equities worth Rs 3,296 crore, whereas DIIs bought shares worth Rs 8,594 crore.

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According to forex traders, uneven capital flows and concerns arising from US President Donald Trump’s tariff policies have pressured the rupee in recent weeks. At the interbank foreign exchange, the domestic currency opened at 88.05 per dollar and quickly strengthened to 88.04. During the session, it also touched 88.16 against the greenback.

Equity benchmarks opened slightly higher on the same day, driven by positive sentiment over progress in the trade dialogue. The Nifty 50 advanced 0.17 percent to 25,110.75 points while the BSE Sensex climbed 0.2 percent to 81,956.51 at 9:30 am.

Market participants noted that 13 out of 16 major sectors gained, though the improvements remained modest. Broader indices also showed strength, with mid-cap shares adding 0.2 percent and small-cap counters gaining 0.5 percent. The overall outlook remained tied to outcomes of the trade talks and the US Federal Reserve’s upcoming interest rate decision.

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