Dalal Street began the session in green as crude oil prices eased slightly, though persistent foreign investor outflows and rising retail inflation weigh kept investors cautious. In the previous session, NSE Nifty 50 closed at 22,363.35, while BSE Sensex settled at 72,638.70, with both benchmarks ending lower despite opening gains.
Market direction is likely to remain sensitive to developments in the Middle East, movements in oil prices and expectations around monetary policy. Rupee has received support from the Reserve Bank of India’s currency measures, although it remains down 6.6% for the year.
Meanwhile, foreign investors have continued to sell Indian shares. Technical levels identified for the Nifty include support at 22,300 and resistance at 22,800 and 22,900, while global market weakness adds to the uncertain outlook.
