Stock Market Live Updates Today: BSE Sensex crashes over 900 points in opening trade, Nifty50 near 23,100 as fresh US-Israel-Iran tensions erupt; crude oil prices rise

After turning lower from the upper extremity of the 23126 - 23500 range pencilled in on Friday, Nifty is poised to see the lower extremity today. With momentum favouring bears, we are likely to see a breakage of the same, but favoured view expects buying interest to surface if 22900-22800 is seen, says Anand James, Chief Market Strategist, Geojit Investments Limited.

* SIS: Acquired a 4.2% stake in Updater Services for Rs 51 cr- Positive in Medium term

* TVS Motor: Launched premium retail channel ‘TVS Paddock'; rollout planned in 2QFY27- Neutral in Short term

* ASM Technologies: Approved fundraising of up to Rs 500 cr through QIP and other modes- Neutral in Short term

* HG Infra: Received completion certificate for a Rs 4,971 cr EPC project in Uttar Pradesh from Adani Road Transport - Positive in Short term

* RailTel Corp: Received a Rs 41.3 cr order from the Uttar Pradesh Police Recruitment and Promotion Board for security-related ancillary services - Positive in Short term

* NIBE: DPIIT granted an arms licence to arm Nibe Defence and Aerospace for manufacturing and proof-testing of firearms - Positive in Medium to Long term

* Alembic Pharmaceuticals: To invest in newly incorporated JV Canadian Corp and hold a 45% stake. The JV will focus on developing and marketing pharmaceutical products in Canada - Positive in Medium term

* KNR Constructions: JV received a Rs 3,361 cr LoA from South Eastern Coalfields for the Kusmunda coal mining project. KNR holds a 51% stake in the JV - Positive in Medium to Long term

* MOIL: Incorporated a JV with MP State Mining Corporation for manganese ore mining. MOIL will hold a 51% stake, while MPSMCL will hold 49% - Positive in Long term

* Creative Newtech: Received a Rs 3,195 cr advance work order from BSNL for the BharatNet network project in Odisha - Positive in Medium to Long term
* EMS: Received a Rs 103 cr construction order from UP Jal Nigam - Positive in Short to Medium term

* Gujarat Themis Biosyn: Approved fundraising of up to Rs 1,000 cr through a QIP and preferential issue of equity shares - Neutral in Short term

* Park Medi World: The company's arm plans to divest a 55% stake in Devina Derma. - Neutral to Positive in Medium term

* Nesco: The company plans to surrender all four sites on the Raipur-Visakhapatnam Expressway due to operational challenges; financial impact not quantified. - Negative in Short term

* JK Cement: The company executes mining lease for Mahan coal block in Madhya Pradesh spanning 982 hectares - Positive in Medium to Long term

* Ixigo: The company will acquire a 54.66% stake in Brevistay Hospitality for Rs. 65.7 cr - Positive in Medium term

1. InterGlobe: Current Price 4,374.9 | Price Change -106.41 (-) | -2.37% (-)
2. Kwality Wall's: Current Price 33.75 | Price Change -0.76 (-) | -2.21% (-)
3. Eternal: Current Price 251.7 | Price Change -4.81 (-) | -1.87% (-)
4. M&M: Current Price 2,985.2 | Price Change -55.31 (-) | -1.81% (-)
5. Bajaj Finance: Current Price 873.75 | Price Change -15.65 (-) | -1.75% (-)
6. L&T: Current Price 3,889 | Price Change -63.80 (-) | -1.62% (-)
7. TCS: Current Price 2,166.1 | Price Change -32.81 (-) | -1.49% (-)
8. Asian Paints: Current Price 2,657 | Price Change -30.00 (-) | -1.12% (-)
9. ICICI Bank: Current Price 1,248 | Price Change -14.1 (-) | -1.11% (-)
10. Tata Steel: Current Price 204.60 | Price Change -2.18 (-) | -1.05% (-)

"There are strong headwinds for the market as trading begins for the week. The sharp cut of 4.18% in Nasdaq last Friday has rattled global markets with tech dominated South Korea and Taiwan facing big sell-off. The escalation of conflict in West Asia, with Iran firing missiles at Israel in retaliation to Israel’s aggression in Lebanon, has hardened crude prices. Brent has moved above $96. The jobs data from the US is good, and therefore, the Fed will not cut rates as President Trump wants. The rates are likely to be on hold for some time.

The Indian market is likely to surprise today. If the market opens with deep cut of 300 points on the Nifty as the implied open suggests, there is likely to be a strong recovery on DII and retail buying. It is important to note that the sell-off in US on Friday was a tech-led sell off. This can trigger a rotation from AI trade to non-AI trade which can be beneficial for India. Rupee appreciating to 94.94 level from the recent low of 96.96 is likely to deter the FIIs from sustained selling in India. GDP growth for FY26 coming at 7.7% and the better-than-expected Q4 results can provide fundamental support to the market,” says VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Stock market crash today: Nifty50 and BSE Sensex plunged in opening trade on Monday on fresh Israel-Iran tensions. At 9:16 AM, Nifty50 was trading at 23,098.40, down 268 points or 1.15%. BSE Sensex was at 73,336.45, down 907 points or 1.22%.

"Indian equity markets are expected to open on a sharply negative note, with Gift Nifty trading at 23,134, down by 306 points, as Asian equities opened weak amid escalating geopolitical tensions and weakness in US technology stocks, weighing on overall risk sentiment.

In the previous session, the Nifty 50 ended a range-bound session with a moderate loss of 0.2 percent after reacting to the RBI monetary policy outcome. The index continues to trade below all key moving averages and maintains a lower high–lower low structure, reflecting a weak technical setup. The crucial support zone is placed around 23,100–23,000, which coincides with the 61.8 percent Fibonacci retracement level of the April rally. A decisive break below this zone may accelerate selling pressure toward 22,700. On the upside, 23,500 remains the immediate hurdle, followed by a stronger resistance zone near 23,700.

Technically, the Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily chart, indicating continued pressure amid volatility. The index remained below all major moving averages, with short- and medium-term averages continuing to trend downward. It also failed to sustain above the 23,400 mark, which had acted as support during the previous sessions. The RSI remained largely flat at 40.64, while the MACD stayed below both the signal and zero lines with expanding red histogram bars, indicating a weak-to-negative bias in the near term.

Derivatives data suggests a cautious undertone. The Nifty Put-Call Ratio (PCR) declined to 0.83 from 1.00 in the previous session, indicating reduced put writing activity and a moderation in bullish sentiment. Although PCR remains above the critical 0.7 level, the decline reflects increasing caution among market participants.

The India VIX eased by 0.61 percent to 15.78, remaining below most key moving averages. While the lower volatility reading offers some comfort, the VIX needs to sustain below the 15 level to provide stronger support for a bullish market environment.

Option chain positioning indicates immediate support around the 23,000 strike, while significant call writing is visible near the 23,500–23,700 zone, reinforcing this area as a major resistance band for the index.

In terms of price structure, Nifty continues to witness selling pressure on every rise and remains trapped in a corrective trend. The lower high–lower low formation remains intact, indicating that bears continue to dominate unless the index decisively reclaims the 23,500–23,700 zone.

Bank Nifty outperformed the benchmark index and extended gains for the fourth consecutive session. The index formed a small-bodied bullish candle with upper and lower shadows, indicating indecision but with a positive undertone. Bank Nifty managed to close above its 20-day EMA and the 38.2 percent Fibonacci retracement level of the February–April correction, which are important technical supports.

Momentum indicators for Bank Nifty continue to improve. The RSI rose to 50 and generated a positive crossover, while the MACD remained above the signal line with expanding green histogram bars. These indicators suggest strengthening momentum, although a sustained move above 55,000 is required to confirm further upside. Immediate support is placed around 53,700–52,700, while resistance is seen near 55,000.

Overall, the market setup indicates a weak opening amid adverse global cues and geopolitical concerns. While Bank Nifty continues to display relative resilience, the broader Nifty structure remains under pressure. The immediate trading range for Nifty is seen between 23,000 and 23,500, and a decisive breakout on either side is likely to determine the next directional move,” says Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.

“We see the Oct-Dec’26 quarter as the optimal time period to start the rate hike cycle, which would have given sufficient time to the economy to adjust since the last rate cut was delivered in Dec’25, while also not risking falling behind the curve by delaying the rate hikes for too long beyond Oct-Dec’26. A change of stance from “neutral” to “withdrawal of accommodation” in the August policy will indicate that the RBI can only pause and hike in the period ahead, which will pave the way for a rate hike cycle commencing from October, once the concessional window for ECB and FCNR(B) scheme comes to an end in end-September,” says Kaushik Das, Chief Economist, India, Malaysia and South Asia at Deutsche Bank AG.

The index formed a high wave candlestick pattern with a long lower shadow indicating buying demand at lower levels from the key support area of 52,500-53,000. Bank Nifty in the last three weeks is seen consolidating the broad range of 52,700-55,600. We expect the index to extend the same and only a breakout or breakdown will signal the next directional momentum in the index.

Index has key support placed at 52,500-53,000 being the confluence of the lower band of the 8th April bullish gap area and the 61.8% retracement of the previous pullback (49955-57456). Resistance is placed at 55,200-55,600 levels being the confluence of the 50 days EMA and the upper band of the last three weeks consolidation. On the higher side only a breakout above 55,600 will open further upside towards 56,500 levels in the coming weeks.

Asian equities came under heavy selling pressure on Monday as investors pulled back from technology stocks, extending the recent correction in AI-linked counters. At the same time, renewed Israeli strikes on Beirut lifted both oil prices and the US dollar, adding to market nervousness.

South Korea's technology-heavy KOSPI index slumped more than 6.8% in volatile trading, triggering a temporary 20-minute trading halt earlier in the session. The benchmark has now retreated roughly 14% from the record highs reached last week.

Japan's Nikkei fell 3.4% in early trade. In contrast, US equity futures attempted a modest recovery after Friday's sharp decline, with S&P 500 and Nasdaq 100 futures edging higher.

The technology-led selloff gathered pace after the Nasdaq dropped 4.2% on Friday. Stronger-than-expected US employment data fuelled expectations of further interest rate increases by the Federal Reserve, prompting investors to reassess positions in high-growth stocks.

Marc Velan, Head of Investments at Lucerne Asset Management in Singapore, said the latest decline appeared to be driven more by profit-taking and positioning adjustments than by doubts over the long-term prospects of artificial intelligence. He noted that South Korean technology stocks had been among the strongest performers globally and were heavily owned by investors, making them a natural source of liquidity when interest-rate expectations shifted.

US Treasury yields also moved higher, with the two-year yield climbing more than 11 basis points on Friday and rising a further 1.6 basis points on Monday to 4.1782%.

Bob Savage, Head of Markets Macro Strategy at BNY, said the market narrative centred around artificial intelligence lost some momentum last week.

According to him, investors are now debating whether the recent pullback represents a healthy pause after a nine-week rally in equities or the beginning of a broader market peak. He added that growing investor focus on upcoming offerings linked to companies such as SpaceX and Anthropic may be contributing to the current pause as markets reassess valuations and make room for new listings.

“Looking ahead, near‑term market direction is likely to be shaped by the interplay of macroeconomic signals and global developments. The better-than-expected India GDP growth data highlights underlying economic resilience, though the sustainability of this momentum may face challenges from rising geopolitical risks, elevated energy prices, and tightening financial conditions. Focus will shift to the sustainability of RBI’s supportive stance, evolving inflation trends, and the trajectory of bond yields. Additionally, progress in monsoon advancement and its implications for rural demand will be closely monitored.

On the external front, geopolitical developments and crude price movements remain critical, while updates on India–US trade discussions may provide incremental triggers. With earnings season behind, range‑bound movement is likely to continue as investors await greater clarity on growth momentum and external stability before taking directional positions,” says Vinod Nair, Head of Research, Geojit Investments Limited.

Crude oil prices climbed by more than $2 a barrel on Monday after Israel carried out fresh attacks on Lebanon on Sunday, despite an existing truce between the two nations. The renewed hostilities weakened expectations of a broader regional peace settlement and raised concerns about the resumption of oil shipments through the Strait of Hormuz.

As of 0013 GMT, US crude futures were trading $2.10 higher, or 2.32%, at $92.64 a barrel, while Brent crude gained $2.33, or 2.5%, to reach $95.42 per barrel.

The rally largely reversed Friday's losses, when oil prices had declined on growing optimism that tensions between the US and Iran could ease. The conflict traces its origins to strikes carried out by the US and Israel against Iran earlier this year.

Nifty on the weekly chart has formed a second consecutive bearish candlestick pattern with a lower high and a lower low highlighting extension of the corrective decline. Going ahead in the coming week, index is likely to consolidate in the range of 23,000-23,550. Only a move above Tuesday high 23,556 will open upside towards the resistance area of 23,750-23,800 levels in the coming sessions.

On multiple occasion buying demand during last week has emerged from the key support area of 23,200-23,000 being the confluence of the lower band of the 8th April bullish gap area, lower band of recent consolidation and the 61.8% retracement of the previous pullback (22,182-24,601). A breach below 23,000 levels can open further downside towards 22,600 levels in the coming weeks. Index has resistance at 23,750-23,800 levels being the confluence of the last week high and 50 days EMA and the trendline resistance joining recent highs. Only a move above 23,800 will open further upside towards 24,100 levels in the coming weeks.