Stock Market Update: Gap-Down Start Likely for Nifty Amid US-Iran Tensions, Impact on Gold and Silver Prices; Eight Stocks in Focus.

Indian Stock Market Set for Weak Start to the Week Amid Global Risk Sentiment Deterioration

The Indian stock market is poised for a weak start to the week, with the Gift Nifty trading around 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.

Renewed geopolitical tensions in the Middle East have pushed crude oil prices and the US dollar higher, adding to investor nervousness. 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.

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Gift Nifty Live Chart Signals Negative Start to the Week

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.

Gold, Silver Prices Face Selling Pressure

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.

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Volatility Expected to Remain Elevated

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.

Market Experts' Outlook

Ajit Mishra, SVP — Research at Religare Broking, maintains a cautious stance and prefers a sell-on-rise approach until the Nifty decisively reclaims the 23,700 level. Vatsal Bhuva, Technical Analyst at LKP Securities, believes the Bank Nifty witnessed buying interest near the 54,200 mark and closed above its 20-day moving average, indicating support at lower levels.

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 the following eight buy-or-sell stocks for intraday trading: