!nifty,

PNB

Indian markets witnessed a weak trading session today as rising global uncertainty and surging crude oil prices weighed on investor sentiment. The Nifty 50 slipped below the 24,200 mark while Sensex dropped over 500 points during intraday trade. What’s Dragging the Market? • Rising US-Iran tensions pushed crude oil prices higher • Banking & financial stocks witnessed heavy selling pressure • Profit booking seen after recent rally in midcaps and frontline stocks • Weak global cues impacted overall market sentiment • FIIs remained cautious amid geopolitical uncertainty Key Market Highlights • Nifty traded near 24,150–24,200 zone • Sensex slipped over 500 points intraday • Bank, oil & gas, metal sectors under pressure • IT and healthcare stocks showed relative resilience • India VIX rose, indicating increased volatility Stocks In Action Top laggards included HDFC Bank, Bajaj Finance, Coal India and Axis Bank, while selective buying was seen in IT and defensive counters. Technical View Analysts believe the 24,000–24,100 zone remains an important support area for Nifty. On the upside, a decisive breakout above 24,400 could revive bullish momentum in the coming sessions. Traders are advised to remain cautious amid elevated volatility and global developments.