📉 Indian Stock Market Update – May 9, 2025
Sensex: 80,334.81 (▼ 411.97 pts, -0.51%)
Nifty 50: 24,273.80 (▼ 140.60 pts, -0.58%)
Market Sentiment: The Indian stock markets opened lower and remained under pressure throughout the day due to escalating geopolitical tensions between India and Pakistan. Reports of cross-border attacks have heightened investor concerns, leading to a broad-based sell-off across sectors.
Sector Highlights:
- Realty: The Nifty Realty Index fell by 2.5%, with major stocks like DLF and Godrej Properties declining over 1% each.
- Aviation: Airline stocks dropped up to 5% as 27 airports were shut to civilian flights amid security concerns.
- Defence: Defence-related stocks surged over 5% following government meetings with defence manufacturers.
Currency: The Indian Rupee weakened, trading at 85.88 against the US Dollar, reflecting investor caution in the forex markets.
Outlook: Analysts suggest that the immediate support for Nifty is at 23,950. A breach below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24,550.
Note: Investors are advised to exercise caution and stay updated with the latest geopolitical developments.
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