Nifty Hints at Potential Gap-Down Start on Wall Street Amid Ongoing US-Iran Tensions

Indian Stock Market Remains Volatile Amid Mixed Global Cues

The Indian stock market remained volatile throughout the Monday session, with the key benchmark indices ending in the green zone despite profit-booking ahead of the market close. The Nifty 50 index finished 121 points up at 24,119, while the BSE Sensex gained 355 points and closed at 24,119. The Bank Nifty index ended marginally higher at 54,878.

Sectorally, most sectors participated in the move, with realty, metals, and pharma among the top gainers, while key sectors such as banking and IT remained relatively subdued. Meanwhile, broader markets outperformed, with midcap and smallcap indices advancing around 0.8% each.

Key Market Indicators

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Gift Nifty Signals a Gap-Down Opening

The Gift Nifty live chart is signalling a gap-down opening on Dalal Street, with the index trading around 24,080, down about 125 points from the previous close. According to Hariprasad K, a SEBI-registered Research Analyst and Founder, Livelong Wealth, the Nifty 50 is likely to begin the session on a cautious note, with early indicators pointing to a flat-to-negative opening.

Global Triggers to Watch

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Global cues remain fragile, with U.S. markets seeing sharp selling pressure and the Dow correcting sharply as crude oil surged amid renewed geopolitical concerns over the Strait of Hormuz. Elevated oil prices, still above $100, continue to pose a macro risk for India, given its import dependence. Sustained strength in crude could weigh on inflation expectations and corporate margins, keeping risk appetite in check.

Crude Oil Prices

Q4 Results 2026

The ongoing Q4 earnings season will be a key driver of stock-specific action, with results from companies such as Ambuja Cements, BHEL, Aditya Birla Capital, and Godrej Properties remaining in focus. Heavyweight earnings from Larsen & Toubro and Mahindra & Mahindra are expected to influence broader market direction. Banking stocks, which have shown relative resilience, are likely to continue anchoring the index.

Gold and Silver Prices

Gold and silver prices opened flat during the early morning session on Tuesday, with the COMEX gold rate today oscillating around $4,547 per ounce, while the COMEX silver rate today is around $73.50/oz. Anuj Gupta, a SEBI-registered market expert, expects the gold rate to remain in $4,500 to $4,600/oz, while the silver rate is expected to trade in a broader $68 to $78 per ounce.

Stock Market Outlook

Speaking on the outlook of the Nifty 50 and Sensex, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, "We are of the view that the short-term texture of the market is non-directional and is likely to remain so in the near future. For day traders now, the 24,000/77,000 level and the 20-day SMA (Simple Moving Average) will act as key support zones. Above these levels, the market could continue its positive momentum towards 24,300–24,400/77,700–78,000."

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