Optimism Returns on Global Cues Despite India-Pak Tensions; Key Supports in Focus

Amid rising geopolitical tensions between India and Pakistan, the stock market saw a sharp morning dip but quickly bounced back, supported by strong global economic data and continued FII inflows.

emerge as a top gainers among the nifty-50. This optimism helped offset initial panic. However, sustainability below key levels—24350 in Nifty, 26100 in FinNifty, and 54467 in BankNifty—may signal renewed weakness. Traders remain cautious ahead of Wednesday’s FOMC meet, with a sideways to negative bias expected as markets await Pakistan’s potential retaliation. Immediate supports are placed at 24200 for Nifty, 25790 for FinNifty, and 53890 for BankNifty. Disclaimer: This post is for informational purposes only and does not constitute investment advice.