Sensex Today | Stock Market LIVE Updates: Nifty Slips to 24,750; Silver Crashes 9% on MCX

Indian equity markets remained volatile today as benchmark indices struggled to find a stable footing after recent sharp corrections. While early trade indicated signs of recovery, renewed selling pressure dragged the Nifty down to the day’s low of 24,750, keeping investors cautious.

Meanwhile, the Sensex index showed resilience, managing to rise nearly 400 points, briefly reclaiming the 81,000 level before paring some gains.

Nifty & Sensex: A Volatile Recovery Attempt

After yesterday’s market rout, today began on a relatively positive note:

• Nifty 50 initially gained over 100 points, moving toward the 25,000 mark

• Sensex climbed close to 400 points, crossing 81,000

• However, selling pressure returned in the second half, pulling Nifty back to 24,750

This intraday volatility reflects ongoing uncertainty among market participants following recent Budget-related reactions and global cues.

Bank Nifty Struggles Near Key Support

The Nifty Bank index remained under pressure:

• Down nearly 1,500 points from recent highs

• Hovering around the crucial 58,000 support level

• Attempted a small recovery of about 50 points, but momentum remained weak

Banking stocks continue to face headwinds as investors reassess earnings expectations and interest rate outlooks.

Commodities in Focus: Silver Plunges 9% on MCX

One of the biggest market movers today has been the sharp sell-off in precious metals:

• MCX Silver prices fell nearly 9%, creating panic among commodity traders

• Gold also remained under pressure

• Global margin hike concerns and profit-booking weighed heavily on bullion

The sharp correction in metals has added to overall market nervousness.

Stocks & Sectors to Watch

Several sectors are expected to remain in focus due to recent developments:

🔹 Railway & Defence Stocks

These counters may witness heightened activity as investors evaluate Budget allocations and future order pipelines.

🔹 Capital Market Stocks

Brokerage and exchange-related stocks, such as:

• BSE

• Angel One

• Groww (private market player)

are under pressure after analysts flagged potential earnings risks due to the STT hike announced in the Budget.

🔹 Commodity-Linked Stocks

Companies related to gold, silver, and metals could see volatility due to the ongoing correction in precious metal prices.

What’s Driving Market Sentiment?

Current market movement is being influenced by:

• Post-Budget adjustments

• Profit-booking after recent rallies

• STT hike concerns affecting trading volumes

• Global market cues

• Sharp movements in commodities

Investors remain cautious, preferring selective buying rather than aggressive risk-taking.

Outlook for Traders & Investors

• Expect high volatility to continue in the near term

• Key support for Nifty lies around 24,700 – 24,600

• Resistance remains near the 25,000 – 25,100 zone

• Focus on fundamentally strong stocks rather than short-term momentum

Conclusion

Indian markets are attempting a recovery but remain fragile amid mixed global cues and post-Budget realignments. With heavy movements in both equities and commodities, traders should remain disciplined and avoid impulsive decisions.

The coming sessions will be crucial in determining whether the market stabilizes or sees further downside.

Disclaimer

Stock market and commodity investments are subject to market risks. Past performance is not indicative of future results.

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