Stock Market Today: Sensex Fell 260 Points & Nifty50 By 0.41%; Check Key Insights

Stock Market Today: Key Highlights

• BSE Sensex down 259.52 points at 80,537.33; however, Nifty50 trades 100.85 points down at 24,360.30. 
• US President Donald Trump announced a 100% tariff on foreign-produced films, but the implementation details remain unclear. 
• Crude oil prices rebounded slightly in early trade on Tuesday after hitting multi-year lows on Monday. 

Technical Levels to Consider

NIFTY 50

• Support: 24,420.00 / 24,348.00
• Resistance: 24,630.00 / 24,718.00

Bank Nifty

• Support: 54,735.00 / 54,555.00
• Resistance: 55,498.00 / 55,632.00

Sector Outlook

In the stock market today, investors will likely focus on the energy and defence sectors. Stocks in these sectors may face high volatility or gains during the intraday session.

Stocks to Watch Today: 6th May 2025

1. GAIL: GAIL might benefit from PNGRB holding an open house on the gas pipeline tariff review on 14th May. Analysts have high confidence in the GAIL share for near-term and long-term perspectives. 
2. Glenmark: Glenmark received USFDA approval for a blood cancer drug. It would help company to market blood cancer drug across diverse regions to generate more profitability. 
3. ONGC: ONGC has successfully completed India’s first offshore facilities decommissioning project in partnership with Shell and Reliance.
4. Solex Energy: Solex Energy has bagged an order worth ₹451 crore. This would significantly help the company generate excess revenue to post a robust financial performance. 
5. IRCON: IRCON has bagged an order worth ₹187 crore from Kerala State IT Infrastructure. 

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Disclaimer: Investment in the share market is subject to risk. This news article is for informational purposes only. Conduct your own research before investing in shares and other securities. 

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