Nifty opens flat as gainers battle geopolitical headwinds
Analysts flagged 23,400–23,500 as immediate resistance for the Nifty, with support at 23,100–23,200
The Nifty 50 opened flat at 23,386.70 points on Monday, only marginally higher than the previous close of 23,346.40. The Sensex, on the other hand, opened at 74,535.18, up 0.57 per cent from its prior close of 74,294.96. Despite the slight gain on the Nifty, several stocks showed positive movement. IndiGo led the gains on the Nifty 50, surging 1.85 per cent to ₹5,011, while Sun Pharmaceutical Industries and Reliance Industries also experienced gains of 1.31 per cent and 1.29 per cent respectively.
Conversely, Adani Ports and Bharti Airtel were the biggest losers, falling 2.90 per cent and 2.37 per cent respectively. Technical analysts suggest that immediate resistance for the Nifty lies between 23,400 and 23,500, with support at 23,100-23,200. For Bank Nifty, support is observed between 55,800-56,000, and resistance near 56,800-57,000.
Despite the market's resilience, geopolitical risks from Iran persist, potentially impacting crude oil, currencies, and global equities.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Sensex, Nifty may open flat as geopolitical tensions and US tariffs weigh thehindubusinessline.com
