Stock Market Live Updates Today: BSE Sensex and Nifty50 are expected to remain volatile with range-bound trading in the coming sessions as ongoing geopolitical tensions around the US-Iran conflict decide the market course. Market participants remain cautious, with analysts warning that volatility could persist as geopolitical risks keep energy prices high and discourage overseas investment flows. Analysts believe the near-term trend remains fragile. A breach below the 23,300 mark could open the door for a decline towards 23,000. On the upside, the 23,600 level is expected to act as a significant hurdle. Markets will also watch out for the RBI's policy commentary on Friday and GDP data.
Nifty Today Live: Bajaj Broking Bank Nifty Outlook
The index in the daily chart formed a second consecutive bullish candle with a lower low and a higher high, highlighting a pullback from the key support area amid stock-specific action. The index is likely to extend consolidation in the range of 52,500-55,000; only a breakout or breakdown will signal directional moment in the index. The index has key support placed at 52,700-52,500, being the confluence of the lower band of the 8th April bullish gap area and the 61.8% retracement of the previous pullback (49,955-57,456). On the higher side, resistance is placed at 54,600-55,000 levels, being the confluence of the current week high and 20 days EMA.
Sensex Today Live: Volatile Sessions Ahead?
Markets are likely to remain volatile in the near term amid escalating tensions in West Asia, which continue to keep crude oil prices elevated and trigger persistent Foreign Institutional Investor outflows. Investor sentiment is expected to remain cautious as the lack of meaningful progress in the ongoing US-Iran negotiations continues to fuel concerns over global energy supplies, inflationary pressures, and broader macroeconomic stability. After witnessing a brief recovery in the previous session, the Nifty resumed its downward trend and fell as much as 1.2% on Wednesday amid persistent geopolitical tensions in West Asia, concerns over elevated crude oil prices, and persistent FII outflows. However, value buying at lower levels helped the index recover most of its losses and close 0.3% lower at 23,405. Broader markets remained weak, with the Midcap100 and Smallcap100 indices declining 0.4% and 0.1% respectively. The prevailing uncertainty has kept Foreign Institutional Investor outflows persistent, with FIIs selling equities worth ₹12,274.6 crore over the past two trading sessions, reflecting heightened risk aversion and a cautious stance toward emerging markets. Adding to the pressure, the Indian rupee remained weak at 95.6 against the US dollar amid concerns over inflation and the broader macroeconomic outlook. On the sectoral front, IT stocks came under sharp selling pressure, with the Nifty IT index declining 5.5%, snapping a three-session rally of nearly 8%. Heavyweights such as Infosys, TCS, Tech Mahindra, and HCL Tech fell up to 9% amid profit booking. Reflecting the broader risk-off sentiment, India VIX surged 6.2%, indicating heightened investor uncertainty and expectations of increased market volatility in the near term. The RBI's Monetary Policy Committee meeting commenced on Wednesday, with the policy outcome scheduled to be announced on Friday. While markets largely expect the RBI to maintain the repo rate at current levels, elevated crude oil prices, rupee weakness, and inflationary risks have also led to discussions around the possibility of a more cautious stance or a delay in any future rate-cut expectations. Providing some support to the domestic growth outlook, India's Services Purchasing Managers' Index (PMI) climbed to a six-month high of 61.2 in May from 58.7 in April, driven by strong domestic demand and healthy business activity. Meanwhile, global trade-related concerns have resurfaced after the US proposed an additional tariff of up to 12.5% on imports from 54 countries, including India, citing inadequate measures to prevent the import of goods produced using forced labour. While the proposal remains under review, it adds another layer of uncertainty for export-oriented sectors and keeps the spotlight on ongoing India-US trade negotiations. Going ahead, the recent declining market highlights the increasing sensitivity of domestic equities to geopolitical developments, with investors closely tracking energy prices, ongoing US-Iran negotiations, Foreign Institutional Investor flows, movements in the rupee for further direction, and the decisions of the RBI's Monetary Policy Committee meeting, says Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Stock Market Live Today: Oil Prices Drop
Oil prices moved lower on Thursday after Lebanon and Israel agreed to implement a ceasefire, raising hopes that diplomatic efforts could eventually pave the way for a wider settlement involving Iran and help ease tensions across the region. Sentiment was also influenced by developments in Washington, where the US House of Representatives approved a measure aimed at limiting President Donald Trump's authority to continue military action against Iran. By 0015 GMT, Brent crude futures had declined 67 cents, or 0.69%, to $97.14 a barrel. US benchmark West Texas Intermediate (WTI) crude was down 62 cents, or 0.65%, at $95.40 per barrel. The pullback followed a strong rally in the previous two sessions. On Wednesday, both oil benchmarks advanced around 2%, building on earlier gains triggered by renewed conflict in the Middle East, including Iranian attacks on Kuwait and US military operations near the Strait of Hormuz.
Stock Market Live Today: IT Stocks Fell on Wednesday
IT stocks suffered a sharp reversal on Wednesday, ending a three-session rally with their steepest one-day decline in nearly four months. Fresh concerns about the growing influence of artificial intelligence and its potential impact on the traditional IT services business resurfaced, derailing what had appeared to be an early recovery from prolonged weakness in the sector. The Nifty IT index plunged 5.6%, emerging as the biggest drag on the broader market and contributing significantly to the Nifty's decline of as much as 1.4% during the session. The selloff unfolded against a backdrop of heightened market volatility, with investor sentiment swinging in response to developments related to peace efforts and geopolitical tensions in West Asia. According to Ajit Mishra, Senior Vice President – Research at Religare Broking, the combination of steep losses and heavy trading volumes indicated intense pressure on the sector. He noted that uncertainty surrounding the outlook for IT companies prompted traders to aggressively unwind positions. Every constituent of the Nifty IT index ended the day in negative territory. Tata Consultancy Services, which remains the most valuable company within the Tata Group, dropped 8.3%. Persistent Systems declined 7.1%, while LTIMindtree, Coforge, and Tech Mahindra each fell around 6.5%. HCL Technologies lost 5.3%, and Mphasis ended 4.5% lower. Mishra described the gains seen over the previous three sessions as resembling a "dead-cat bounce" — a temporary recovery within a broader downtrend. The concern, he suggested, stems from growing doubts about the long-term revenue prospects of the labour-intensive IT services industry as companies struggle to articulate a clear growth path in an era increasingly shaped by artificial intelligence. Before Wednesday's correction, the Nifty IT index had climbed 7.6% over three sessions, even as the benchmark Nifty had fallen 1.7% during the same period. The latest decline effectively wiped out most of the sector's previous day's advance, which had marked its strongest single-session gain in a year.
Nifty Today Live: Bajaj Broking Nifty Outlook
The index in the daily chart formed a doji candle with a long lower shadow, highlighting buying demand at lower levels around the key support area of 23,200-23,000. Going ahead, the index is likely to consolidate in the range of 23,000-23,550. Only a move above Tuesday high of 23,556 will open upside towards the resistance area of 23,750-23,800 levels. Nifty has key support in the range of 23,200-23,000, being the confluence of the lower band of the 8th April bullish gap area, the lower band of recent consolidation, and the 61.8% retracement of the previous pullback (22,182-24,601). On the higher side, 23,750-23,800 is expected to act as resistance, being the confluence of the current week high and 20 days EMA.
Stock Market Live Updates Today: Asian equities traded lower, tracking weakness in US equity futures after a disappointing outlook from Broadcom and fresh hostilities involving the US and Iran dampened investor sentiment. Wall Street ended lower on Wednesday as rising tensions in the Middle East and higher oil prices revived concerns about inflation, prompting investors to lock in profits after recent record highs. The US dollar remained close to a two-month high on Thursday. Escalating tensions in the Gulf supported crude oil prices and reduced risk appetite across markets, while the Japanese yen hovered near the closely watched 160-per-dollar level, keeping traders alert for possible intervention.
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