Market Update Sensex: Down ~650 points, trading near 72,122. Nifty 50: Fell ~190 points, now at 22,589. Bank Nifty: Dropped ~600 points, hovering around 53,800. India VIX: Jumped over 7%, showing high volatility. ⚠️ Key Reasons for the Fall Crude oil prices surged to $107 per barrel due to US–Iran tensions and supply concerns in the Strait of Hormuz. Rupee weakened to ₹96 per USD, adding pressure on import-heavy sectors. Foreign Institutional Investors (FIIs) sold more than ₹5,000 crore in recent sessions. US bond yields rose to 5.2%, pulling global funds away from equities. 📊 Sector Impact Most affected: Banking, financial services, auto, IT, FMCG, oil & gas. Relatively stronger: Pharma and healthcare (Abbott India +2%, Dr Reddy’s +1.8%, Mankind Pharma +2.5%). 🏢 Stocks in Focus Ellenbarrie Industrial Gases: Up 5% after winning a ₹481 crore order from BHEL. PB Fintech: Rose 4%, Bernstein maintained target at ₹2,310. TCI Express: Surged 16%, top gainer of the day. Tata Motors PV, Bajaj Finance, HDFC Life: Among top losers.

TMCV

📌 Investor Takeaways Support levels: Nifty at 22,500–22,450; Bank Nifty at 53,800–53,500. High volatility: Short-term trading is risky. Domestic Institutional Investors (DIIs) are still buying, providing some cushion.

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