Stock Market Today: Nifty Set for Gap-Down Start Amid Global Risk-Off Mood
The Indian stock market is set for a weak start to the week, with the Gift Nifty trading around the 23,200 mark compared to Friday’s Nifty close of 23,366, indicating a gap-down opening. The negative setup is largely being driven by a sharp deterioration in global risk sentiment, particularly across Asian markets.
The biggest concern this morning is the unwinding of the global AI-led rally. Asian equities witnessed significant selling pressure, with South Korea’s technology-heavy KOSPI plunging nearly 8%, triggering a temporary trading halt and extending its correction from recent record highs. Japan’s Nikkei also opened sharply lower, reflecting a broad risk-off mood across the region.
US-Iran News and Its Impact on Indian Markets
Adding to investor nervousness, renewed geopolitical tensions in the Middle East have pushed crude oil prices and the US dollar higher. Rising energy prices remain a key risk for India, given its dependence on imported crude, and could keep inflationary concerns elevated despite the RBI’s recent policy support. To learn more about the impact of US-Iran news on Indian markets, click here.
Gift Nifty Live Chart Signals
The Gift Nifty live chart shows a negative start to the new week, with the index trading around 150 points below Friday’s spot Nifty close. The Gift Nifty live chart opened today at 23,101 and touched an intraday low of 23,081 within a few minutes. By 8:30 AM, the index was oscillating around 23,200. For more information on Nifty live charts, visit our website.
Gold and Silver Rates Today
Following a rise in crude oil prices due to escalating tensions in the US-Iran war, gold and silver prices faced selling pressure in the international market. The COMEX Gold rate today is down by nearly 0.70% at $4,335/oz. Likewise, the COMEX silver rate today is down by around 2% at $67.65/oz. To stay updated on gold and silver rates, follow our daily market updates.
India VIX Today
Volatility is also expected to remain elevated. India VIX closed near 15.79, but given the sharp weakness across global markets and rising geopolitical uncertainties, volatility could move higher during the session as traders reassess risk. Learn more about India VIX and its impact on the market.
Stock Market Today: Expert Analysis
Speaking on the outlook of the Nifty 50 today, Ajit Mishra, SVP — Research at Religare Broking, said, “We maintain a cautious stance and prefer a sell-on-rise approach until the Nifty decisively reclaims the 23,700 level. At the same time, traders should focus on stock-specific opportunities across sectors and maintain balanced positions with disciplined overnight risk management.”
On the outlook for the Bank Nifty today, Vatsal Bhuva, Technical Analyst at LKP Securities, believes the key benchmark index witnessed buying interest near the 54,200 mark and closed above its 20-day moving average, indicating support at lower levels. However, the 54,800–55,000 zone remains a strong resistance area, where selling pressure has repeatedly emerged. As a result, the index remains stuck within a consolidation and congestion phase, keeping the broader outlook sideways and range-bound.
Stocks to Buy Today
Regarding stocks to buy today, market experts — Sumeet Bagadia of Choice Broking, Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, and Shiju Koothupalakkal, Senior Manager — Technical Research at Prabhudas Lilladher, recommended these eight buy-or-sell stocks for intraday trading: Tata Technologies, Sai Life Sciences, Axis Bank, Eternal, Tata Steel, VA Tech Wabag, Diamond Power Infra, and Groww.
Sumeet Bagadia’s stock recommendations today include buying Tata Technologies at ₹771, with a target of ₹825 and a stop loss at ₹744, and buying Sai Life Sciences at ₹1186, with a target of ₹1270 and a stop loss at ₹1145. For more information on stock market recommendations, visit our website.
Ganesh Dongre’s buy or sell stocks include buying Axis Bank at ₹1272, with a target of ₹1310 and a stop loss at ₹1255, buying Eternal at ₹258, with a target of ₹272 and a stop loss at ₹250, and buying Tata Steel at ₹206, with a target of ₹220 and a stop loss at ₹200.
Shiju Koothupalakkal’s intraday stocks for today include buying VA Tech Wabag at ₹1600, with a target of ₹1690 and a stop loss at ₹1570, buying Diamond Power Infra at ₹203.60, with a target of ₹220 and a stop loss at ₹197, and buying Groww at ₹196, with a target of ₹210 and a stop loss at ₹191. To learn more about intraday stock trading, click here.