Indian stock market struggles amid geopolitical tensions

On April 30, 2025, the Indian stock market started with a subdued performance, reflecting mixed global cues and ongoing geopolitical tensions affecting investor sentiment. Early morning trading revealed notable selling pressure predominantly in the public sector banks and financial services sector. By 9:32 AM, the Sensex was recorded at 80,280.66, down 7.72 points or 0.01%, with the Nifty showing a marginal increase of 1 point to reach 24,336.95. Furthermore, substantial dips were seen in the Nifty Bank index, which fell by 197.50 points, and the Nifty Midcap and Smallcap indices also showed declines. Market analysts suggested that the Nifty could face immediate support levels at 24,200, 24,100, and 24,000, while resistance was anticipated at 24,400, 24,500, and 24,700. As for the Bank Nifty, Hardik Matalia from Choice Broking commented on its technical outlook, indicating support at 55,000 and resistance levels starting at 55,600. Despite a positive opening, the Sensex had trouble maintaining momentum around the 80,300 mark, showcasing cautious optimism among analysts regarding its direction. Further examining stock performance, companies such as Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tata Motors, and SBI were noted amongst the top losers. In contrast, gains were witnessed in companies like HDFC Bank, Sun Pharma, and Hindustan Unilever. This mixed performance reflected the overall sentiment in the markets, significantly influenced by external geopolitical developments impacting investor confidence. In parallel, analysis on broader market trends highlighted significant activities among institutional investors, whereby foreign institutional investors recorded a substantial buying influx of ₹2,385.61 crore as of April 29. Additionally, domestic institutional investors had been net buyers for the third consecutive session with inflows of ₹1,369.19 crore, indicating continued interest and optimism from domestic investors despite prevailing market challenges. Overall, with the ongoing geopolitical tensions and fluctuating global cues affecting market performance, the Sensex requires a decisive move above the resistance zone to confirm any upward momentum in the trends ahead.