Sensex Expiry Day: How Anil Singhvi suggests you navigate market today

Stock Market Today: Zee Business Managing Editor Anil Singhvi has cautioned that the Sensex and Nifty could come under pressure during the weekly expiry if crucial support levels fail to hold.

Stock Market Opening Bell

The NSE Nifty50 opened with a marginal loss of 4.30 points or 0.02 per cent at 25,593.35 on Thursday. As of 9:20 AM, the index was trading at 25,664.25, up 66.60 points or 0.26 per cent.

The BSE Sensex began the session at 83,516.69, gaining 57.54 points or 0.07 per cent. By 9:19 AM, the benchmark was trading at 83,739.93, up 280.78 points or 0.34 per cent.

Range breakdown risk for Nifty

Singhvi noted that Nifty broke its 10-day range low of 25,700 in the previous session and closed near the critical 25,600 mark. “If the index closes in the red today, it could trigger more downside,” he warned.

However, there’s relief from Bank Nifty, which continues to hold above its major support zone of 57,425–57,650. “Repeated rebounds from this range indicate strong buying support. A clear signal of further fall will only come if Bank Nifty slips below 57,400,” Singhvi said. On the higher side, profit booking is visible around the 58,250–58,400 zone.

Why are FIIs selling so aggressively?

Singhvi explained that there’s no major reason behind the sharp selling by foreign institutional investors (FIIs). “It’s likely due to concerns after a strong, one-way rally in global markets,” he said. The rise of the US dollar index above 100 has turned negative for global equities and commodities, while weakness in the Indian rupee is also weighing on FII sentiment.

Key levels to watch today

Singhvi expects profit booking to emerge if Nifty attempts a recovery towards the 25,700–25,850 zone. The next major support lies between 25,375–25,500.

He advised traders to remain cautious: “Selling pressure is likely on every initial recovery. It’s better to keep positions light and wait for clear direction.”