Nifty Prediction For Monday: Market May See Another Gap-Down On March 9; Know Support, Resistance Levels Indian equity markets are expected to open sharply lower on Monday, March 9, following a volatile week marked by heavy selling pressure and escalating geopolitical tensions. The GIFT Nifty, an early indicator for the Nifty 50, closed at 24,300 on Saturday, signaling a likely gap-down opening. This comes amid rising crude oil prices and continued selling by foreign institutional investors (FIIs), which have dampened investor sentiment. The week’s decline was driven by heightened uncertainty over the Iran-Israel-US conflict and its potential impact on global oil markets. Crude oil prices surged sharply, with Brent crude briefly exceeding $95 per barrel, raising concerns about inflation and the Indian economy. As the world’s third-largest oil importer, India faces significant pressure from sustained high oil prices, which could widen its current account deficit and increase input costs for sectors like transportation, power, and manufacturing. The Nifty 50 closed the week at 24,450, down 2.9%, while the Sensex fell 2.9% to 78,919. The Bank Nifty underperformed, dropping 4.5% to 57,783. Analysts attributed the decline to global uncertainties and rising energy costs, which have kept investor sentiment subdued. Ponmudi R, CEO of Enrich Money, noted that the market remained volatile and under selling pressure due to geopolitical risks and elevated oil prices. Foreign institutional investors continued to exit Indian equities, selling shares worth Rs 21,831 crore during the first week of March. However, domestic institutional investors (DIIs) provided some support, buying equities worth Rs 32,787 crore. This balance of selling and buying helped cushion the market’s fall but did not reverse the overall downward trend.#sensex #nifty_50 #indian_equity_markets #gift_nifty #bank_nifty
Dalal Street Blues: Sensex falls 1,100 points, closes below 79,000 after 10 months MUMBAI: The Indian stock market experienced a significant downturn on Friday as geopolitical tensions in West Asia and global market conditions dragged the Sensex down by nearly 1,100 points. The benchmark index closed below the 79,000 mark for the first time since April 2025, marking a notable decline. Banks were among the worst performers as foreign investors continued to sell shares, according to dealers. The Sensex opened the session weak, dropping around 350 points from Thursday’s close at 80,016, primarily due to an overnight sell-off in U.S. markets. The index remained in the red throughout the session, hitting an intra-day low of 78,812 before closing at 78,919, a decline of 1,097 points or 1.4%. The Nifty 50 on the National Stock Exchange also fell, losing 315 points (1.3%) to close at 24,450. Market volatility spiked sharply, with the India VIX, often referred to as the fear gauge, closing 11% higher. Investors faced a net loss of approximately Rs 3.2 lakh crore, pushing the BSE’s market capitalization to Rs 449.7 lakh crore. Foreign portfolio investors (FPIs) continued their selling trend, with a net outflow of Rs 6,030 crore on the day. Over the past four sessions, FPIs have withdrawn nearly Rs 21,600 crore, equivalent to about $2.4 billion. Analysts attributed the sell-off to rising oil prices, which could dampen investor sentiment and impact India’s fiscal and inflationary outlook. Vinod Nair of Geojit Investments noted that higher U.S. 10-year bond yields and a stronger dollar have prompted FPIs to adopt a risk-averse stance toward Indian equities. In the commodities segment, crude oil futures on the MCX platform surged sharply, hitting consecutive upper circuit levels.#mumbai #sensex #nifty_50 #foreign_portfolio_investors #geojit_investments
