Sensex and Nifty slip amid oil prices and geopolitics, then rebound on easing crude

The Nifty 50 fell 0.33% to 23,064.9, while the BSE Sensex shed 0.22% to 73,734.83. Fourteen of the 16 major sectors logged losses. The broader small-caps and mid-caps fell 0.2% each.

Dalal Street opened the week with a significant decline as the BSE Sensex dropped by more than 500 points. This downturn was driven by investor apprehension over climbing crude oil prices and heightened geopolitical tensions in the Middle East. Concerns about India's import bill and inflation loom large amid ongoing foreign selling.

Mumbai: Sensex and Nifty rebounded on Friday after Thursday’s sharp sell-off, but analysts said the recovery needs further confirmation, with sustained moves above 74,000 and 23,300, respectively, crucial to strengthening momentum.The Sensex climbed 315.20 points, or 0.43 per cent, to close at 73,895.74. Nifty advanced 77.40 points, or 0.34 per cent, to settle at 23,140.50.Despite the gains, market watchers maintained a cautious outlook, citing weak technical signals and resistance levels that could test the rebound.Sensex Faces ResistanceThe Sensex traded between 73,477.77 and 73,968.05 during Friday’s session, swinging nearly 490 points. The recovery followed a decline to its lowest level in more than three months on Thursday.Analysts said the index retained a sideways-to-bearish outlook, with the 73,200–73,450 band serving as a crucial support zone.Sustained buying above 74,000 could strengthen the recovery and create room for an advance towards 74,200–74,500. A break below the support band, however, could revive selling pressure.Market watchers advised monitoring the 73,500–74,000 range alongside changes in open interest for confirmation of the next directional move.Nifty Structure WeakensNifty’s modest rebound has not removed concerns about its short-term technical structure, analysts said.They pointed to a gradual deterioration in the weekly setup, with the recent breakdown below 23,070 weakening the near-term outlook. FPJ Quick Take At 5 PM: 'IIT Bombay Exams Postponed After Student Death To Sensex Plunges 1,248 Points'; Your Daily Evening Guide To News That MattersWhile sustaining above 23,300 could strengthen recovery momentum, immediate resistance is seen at 23,400, followed by 23,600. A sustained move above this resistance zone could provide relief and help the benchmark regain stability.Downside Levels MatterOn the downside, analysts identified 23,000 and 22,800 as important support levels for Nifty.A decisive break below the 22,800–23,000 band could further weaken the technical structure and leave the index vulnerable to additional losses.Friday’s closing levels left both benchmarks below the thresholds analysts identified for a stronger recovery. The next directional move will depend on whether buying sustains above resistance or selling pushes indices through support over the next few sessions.

Mumbai (Maharashtra) [India], September 25 (ANI):  The domestic equity markets closed higher on Friday with benchmark indices recovering from the previous session's sharp sell-off as selective value buying supported sentiment. The Nifty 50 index closed at 23,140.50, gaining 77.40 points or 0.34 per cent, while the BSE Sensex closed at 73,895.74, up 315.20 points or 0.43 per cent.Market participa

Sensex, Nifty, Share Prices Highlights: Indian shares posted modest gains ⁠on Friday in a partial rebound after previous session's slide, but still logged their longest weekly losing streak in six years as high oil prices drove ‌up bond yields and inflationary concerns.

Mumbai (Maharashtra) [India], September 25 (ANI): Indian equity markets recovered soon after opening in the red on Friday, extending Thursday's correction, to trade largely flat. The Sensex gained over 100 points, while the Nifty hovered around the 23,100 mark, with Nifty IT emerging as the biggest sectoral laggard.At the time of reporting, Sensex was trading at around 73,691.72, up 111.18 points or 0.15 per cen