Market Weakness Deepens, But Experts Say Panic May Not Help Investors

Sensex and Nifty ended sharply lower, but key support zones remain important for traders and investors watching the next market move.

Sensex, Nifty End Lower

Indian stock markets closed in the red on Monday as selling pressure hit benchmark indices and broader markets. The Sensex dropped 719 points to settle at 73,524, while the Nifty50 slipped 244 points to close at 23,123. Both indices ended around 1% lower as weak global cues, rising crude oil concerns, and geopolitical tensions weighed on investor sentiment.

Key Levels To Watch

Market expert Anil Singhvi said investors should not panic as important support levels are still holding. He identified 23,150 as a strong support zone for Nifty and 53,650–53,850 as a key support range for Bank Nifty. A close below 23,125 on Nifty may indicate further weakness, while Bank Nifty could stay stronger unless it breaks important lower levels.

Broader Market Under Pressure

Selling was seen across realty, metal, auto, IT, and financial stocks. Wipro was among the top losers, while Max Healthcare, Power Grid and Bharti Airtel closed with gains. Singhvi said traders should avoid rushing into mid-cap and small-cap stocks and follow a wait-and-watch approach until global uncertainty becomes clearer.

No Panic, But Stay Careful

Experts believe Bank Nifty may perform better than Nifty in the current setup. Investors should track support and resistance levels closely, avoid emotional decisions and focus on quality stocks during volatile sessions.