Stock Market Live Updates Today: BSE Sensex opens over 350 points up, Nifty50 above 23,200 after selloff in last session

"The rebound in tech stocks in Nasdaq has led to rebound in chip stocks in S Korea and Taiwan. So, the AI trade continues though at subdued pace. The decline in Brent crude to below $ 94 is a positive. There is no certainty that the fragile peace in the conflict between Iran and Israel will hold.

A US Federal judge has struck down President Trump’s H1-B visa fee. This is a mild positive for Indian IT stocks.

The FIIs’ short position in the market is huge and, therefore, expect volatility today since the weekly expiry may lead to high volumes. The bulls are too weak to stage a strong comeback and the bears are strong enough to press selling on rises. The sustained selling by FIIs shows no sign of fatigue. The large cap valuations are fair, and in segments like banking attractive, mainly due to the selling by FIIs. This segment offers a good buying opportunity for investors with a two to three-year time horizon. The risk-reward ratio is favourable for buyers.

There is brisk activity in mid and small caps where Q4 results have been good and growth prospects are high,” says VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Stock market today: After around 1% decline in the previous session, Nifty50 and BSE Sensex saw a positive start to the day on Tuesday. At 9:16 AM, Nifty50 was trading at 23,232.45, up 109 points or 0.47%. BSE Sensex was at 73,884.20, up 360 points or 0.49%.

"Indian equity markets are expected to open on a cautiously negative note, with Gift Nifty trading at 23,130, down by 40points, as Asia-Pacific markets recovered broadly from the previous session's decline amid improving sentiment following signs of a pause in Israel-Iran hostilities. However, elevated volatility and global uncertainty are likely to keep traders cautious.

In the previous session, the Nifty 50 started the week on a weak note and declined 1 percent to close at a two-month low, extending its corrective phase for another session. The index remained under pressure as it closed below the lower Bollinger Band and continued to trade below all key moving averages, reflecting sustained bearish sentiment. The broader structure remains weak, though the index is approaching a crucial support zone near 23,000.
The 23,000 level remains the immediate and crucial support for the index. A decisive breach below this level may intensify selling pressure and drag the index toward 22,700. On the upside, 23,300 is likely to act as the first resistance level, while a sustained move above this zone could trigger a recovery toward 23,500–23,600.

Derivatives data continues to indicate a cautious undertone. The Nifty Put-Call Ratio (PCR) declined to 0.78 from 0.83 in the previous session, reflecting reduced put writing activity and a relatively bearish stance among market participants. While the PCR remains above the critical 0.70 mark, the declining trend suggests weakening bullish conviction.

The India VIX, the market's fear gauge, surged 7.85 percent to 17.03, indicating rising uncertainty and discomfort among bulls. A sustained move above the 18 level could further increase volatility and weigh on market sentiment, while a decline below 16 would be needed to improve confidence.

Option chain positioning indicates immediate support around the 23,000 strike, while aggressive call writing near the 23,300–23,500 zone is likely to act as a significant hurdle for any recovery attempt. This setup reinforces the current negative bias unless key resistance levels are decisively crossed.

In terms of price structure, Nifty continues to maintain a lower high-lower low formation, indicating that bears remain firmly in control. The broader trend remains negative, and any pullback is likely to face resistance at higher levels until stronger reversal signals emerge.

Bank Nifty snapped its four-session winning streak and ended 0.8 percent lower. The index formed a bullish candle with a long upper wick, indicating profit booking at higher levels. It slipped below its short-term moving averages and the 38.2 percent Fibonacci retracement level of the February-April correction, reflecting weakening momentum.

The RSI for Bank Nifty stood at 46.6 and is nearing a negative crossover, while the MACD remained above the reference line despite fading green histogram bars. These indicators suggest that bullish momentum is losing strength and consolidation with a negative bias may continue in the near term. Immediate support is placed near 53,700, while resistance is seen around 55,000.

Overall, the technical setup indicates a cautious start to the session. While global sentiment has improved marginally, the domestic market structure remains weak with elevated volatility and bearish momentum indicators. The immediate trading range for Nifty is seen between 23,000 and 23,300, and a decisive move beyond either side is likely to determine the next directional trend,” says Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.

South Korea has dropped below India in the global stock market capitalisation rankings after a sharp decline in shares of major chipmakers, including Samsung Electronics and SK Hynix. The country's total market value has fallen to $4.5 trillion, marking a decline of nearly 10% in just one week.

India's market capitalisation, meanwhile, has remained largely stable at $4.84 trillion during the same period. As a result, India has regained the sixth position in the global market-cap rankings after briefly losing it to South Korea last week.

The decline in South Korea's market value follows a steep correction in semiconductor stocks. Samsung Electronics and SK Hynix have fallen 18% and 19%, respectively, from the record highs they touched on June 2 amid a broader sell-off in artificial intelligence-related technology shares. Indian IT stocks also came under pressure, although the decline was less severe, with the BSE IT index losing 7.5% during the period.

Index started the session with a bearish gap and formed an inverted hammer candlestick pattern with a shadow on upper side on the daily chart, signalling consolidation and selling from upper side. Bank Nifty is likely to consolidate within the broader range of 52,500–56,000. A decisive breakout above or breakdown below this range will provide the next directional move. Within the consolidation range immediate support is placed at Monday’s low of 53,843, a breach below the same will open downside towards 53,000 levels in the coming sessions.

While key support is placed at 53,000–52,500 zone 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.

Renewed hostilities between Iran and Israel on Monday rattled financial markets, putting pressure on the rupee, lifting crude oil prices and triggering a broad sell-off across Asian equities. The turbulence weighed heavily on Indian markets, with the Sensex plunging more than 900 points, or 1.3%, in early trading before recovering some losses to finish the session 719 points, or nearly 1%, lower at 73,524.

Market participants said sentiment was already fragile following Friday's sharp decline on Wall Street, and the fresh escalation in West Asia further amplified investor concerns.

The weakness was visible across the region. Asian benchmark indices ended the day deep in negative territory, largely reflecting the impact of the previous session's sell-off in US technology stocks. South Korea's Kospi tumbled 8%, triggering a circuit breaker during trading. Japan's Nikkei ended almost 4% lower, while China's Shanghai Composite declined 1.7%.

Investor mood improved somewhat after Indian markets closed, following reports that Iran and Israel had agreed to a ceasefire. The development boosted risk appetite globally, helping US equities trade higher at the open. Crude oil prices, which had surged more than 5% earlier in the day, also pared most of their gains and were trading only about 1% higher by late evening.

Back home, the Sensex briefly recovered during mid-session trade but failed to sustain momentum and eventually settled at its lowest closing level in more than a month.

The rupee witnessed a steep fall against the US dollar, ending the day at 95.71 compared with the previous close of 94.95. The 76-paise decline marked the currency's sharpest single-session drop in four weeks.

Currency traders attributed the weakness to a combination of factors, including the spike in crude oil prices, stronger-than-expected economic data from the United States and heightened geopolitical uncertainty. Together, these developments reversed much of the rupee's gains from the previous trading session and reinforced demand for the US dollar.

Nifty View

Going ahead, the immediate support for Nifty is placed in the 22980-22950 zone. Any sustainable move below this zone could result in Nifty extending its weakness towards 22650, followed by 22500 in the short term. On the upside, the immediate resistance for Nifty is placed in the 23270-23300 zone, says Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Bank Nifty View

Bank Nifty also opened with a gap-down and remained volatile throughout the session. The 54,420–54,470 zone acted as a strong intraday resistance on two occasions, capping further upside. On the daily chart, the index formed a small-bodied candle with a prominent upper wick, reflecting profit booking and supply emerging at higher levels.

Going ahead, the immediate support for Bank Nifty is placed in the 53600-53500 zone. Any sustainable move below this zone could result in Bank Nifty extending its weakness towards 53100, followed by 52700 in the short term. On the upside, the immediate resistance for Bank Nifty is placed in the 54500-54600 zone, says Sudeep Shah.

“Indian equities are expected to remain volatile in the near term, with sentiment weighed down by escalating geopolitical tensions in West Asia. Iran's missile strikes on Israel in retaliation to Israel's actions in Lebanon have pushed Brent crude prices nearly 3% higher to around USD 96/bbl, raising concerns around inflation and external sector pressures. Commodity-led inflation, weaker monsoon expectations and sustained Foreign Institutional Investor outflows are likely to keep the near-term backdrop challenging. Globally, profit booking in AI and semiconductor stocks, along with liquidity-driven selling ahead of SpaceX's mega IPO, further added to global risk-off sentiment. Domestic equities witnessed broad-based selling pressure on Friday, with the Nifty 50 declining 1%, while the Midcap and Smallcap indices fell 1.4% and 1.9% respectively.

Real GDP growth remained strong 7.8% in 4QFY26 (vs. 8.0% in 3QFY26), and remained well ahead of 7.0% in 4QFY25 and came in 30bp above our estimate of 7.5%. Despite the beat, concerns around India's FY27 growth outlook remain. We forecast GDP growth at 6.5%, broadly in line with the RBI's revised estimate of 6.6% (down from 6.9% earlier). Foreign investors pulled out nearly ₹43,000 crore from Indian equities in the first week of June, amid a global rotation toward technology and AI-linked opportunities overseas and continued weakness in the rupee,” says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Index in the daily chart formed an inverted hammer like candle with a small real body and a long upper shadow. Highlighting, pullback after a gap down opening, but index failed to sustain at higher levels and gave up most of its intraday pullback to close the session near the open.

Nifty after the recent corrective decline has approached the immediate support area of 23,000-23,200 being the confluence of the 08th April bullish gap area and the 61.8% retracement of the previous pullback (22,182-24,601). Index holding above the support area will lead to consolidation in the range of 23,000-23,550 in the coming sessions. A breach below 23,000 will signal extension of the current decline towards 22,800 and 22,600 levels in the coming sessions. Index has immediate resistance at Monday’s high of 23,267, a breach above the same will open upside towards the key resistance area of 23,500-23,550 levels.