Sensex, Nifty Turn Volatile After Positive Start Amid West Asia Tensions

Indian stock markets began Tuesday’s session on a strong note, but the optimism didn’t last long as volatility crept in due to rising tensions in West Asia.

The BSE Sensex opened 323.82 points higher at 75,826.68, while the Nifty 50 gained 85 points to start at 23,493.20, supported by positive cues from Asian and US markets.

However, the early momentum faded quickly. The Sensex slipped into the red, falling to 75,422.73, while the Nifty also dipped to 23,389.15 during early trade.

Sector-wise, IT stocks led the decline, with the Nifty IT index dropping 0.83 per cent. Other sectors such as auto, telecom, PSU banks, FMCG, and oil & gas also saw selling pressure. On the flip side, media, realty, and consumer durables stocks posted modest gains.

Market experts suggest that volatility is likely to persist due to global uncertainties. According to Ponmudi R, CEO of Enrich Money, the market is expected to remain cautious amid geopolitical developments and broader macroeconomic challenges.

Aakash Shah of Choice Equity Broking noted that the current movement reflects a technical recovery following recent declines, driven by short covering and value buying.

He added that the Nifty is approaching a key resistance zone between 23,500 and 23,600 levels, while immediate support lies in the 23,250–23,300 range. A sustained move above resistance could trigger further upside in the near term.

Meanwhile, broader Asian markets remained upbeat, with indices like Japan’s Nikkei 225, Hong Kong’s Hang Seng, and South Korea’s KOSPI rising significantly.

Analysts also cautioned that inflation risks remain a concern, especially if crude oil prices rise again, which could add further pressure on global and domestic markets.