India-pakistan Tensions: Sensex, Nifty Support Levels To Watch Today

With nan Indian Armed Forces conducting a bid of precision strikes targeting violent infrastructure successful Pakistan and Pakistan-occupied Kashmir (POK), each eyes are connected nan banal marketplace pinch respect to really it absorbs nan rising geopolitical tensions. 

As acold arsenic Nifty is concerned, Rajesh Bhosale, Equity Technical Analyst astatine Angel One said nan level of 24,200 would enactment arsenic an contiguous support, while nan 24,000–23,800 area serves arsenic a important positional support zone, aligned pinch nan 200-day SMA and anterior breakout levels. 

"Dips towards these levels tin beryllium seen arsenic buying opportunities successful statement pinch nan superior bullish trend," he said. 
 
Bhosale successful a statement said nan guidance level for Nifty remains intact astatine 24,550–24,600, which besides marks nan 61.8 per cent Fibonacci retracement level, commonly referred to arsenic nan “Golden ratio.” Unless this guidance is decisively breached, nan marketplace is apt to stay successful a consolidation phase, he said.

For Sensex, Shrikant Chouhan of Kotak Securities successful a statement connected Tuesday said arsenic agelong arsenic nan scale is trading beneath 81,000, nan anemic sentiment is apt to continue. 

On nan little side, he believes nan Sensex could retest nan level of 80,300. Further downside whitethorn besides continue, which could resistance nan scale down to 80,000, he said.

A dismissal of 81,000 could push nan 30-pack up to 81,300-81,400, Chouhan said up of nan India strikes. 

Codenamed 'Operation Sindoor', Indian strikes were carried retired successful consequence to nan caller panic onslaught successful Pahalgam, which near 26 visitors dead.

As per nan Ministry of Defence, 9 strategically located sites -- identified arsenic cardinal hubs for readying cross-border panic operations -- were hit. The cognition was "focused, measured, and non-escalatory," nan authorities said. No Pakistani subject accommodation were targeted.

In nan past 25 years, location were 4 awesome India–Pakistan confrontations since nan 1999 Kargil War, on pinch 19 different wars aliases war-like incidents involving G20 nations. The Pulwama onslaught and nan Balakot airstrike successful February–March 2019 resulted successful a humble 1.8 per cent diminution successful nan index.

Rating agency Moody's successful a caller statement said its geopolitical consequence appraisal for Pakistan and India accounts for persistent tensions, which have, astatine times led to constricted subject responses. 

"We presume that flare-ups will hap periodically, arsenic they person passim nan 2 sovereigns' post-independence history, but that they will not lead to an outright, broad-based subject conflict," it said.

Anand Rathi observed that moreover successful nan arena of a important escalation, nan Nifty is improbable to diminution by much than 5–10 per cent. This projection was based connected humanities patterns and existent world consequence assessments. The brokerage pointed retired that, speech from nan 2001 Parliament attack, Indian equity markets person typically not fallen much than 2 per cent during periods of heightened tensions pinch Pakistan.

Even nan marketplace correction during nan 2001–02 Parliament onslaught was apt influenced much by world factors, peculiarly nan astir 30 per cent diminution successful nan S&P 500 during nan aforesaid period, nan brokerage noted recently.

During nan Kargil War, which lasted from May to July 1999, nan Nifty declined conscionable 0.80 per cent. In contrast, pursuing nan Parliament onslaught successful December 2001, India-Pakistan tensions led to a sharper marketplace driblet of 13.9 per cent. The Nifty slipped 2 per cent betwixt September 18–29, 2016, aft nan Uri onslaught and consequent surgical strikes. 

Published on: May 7, 2025 8:17 AM IST