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Why Stock market is falling: Indian equity benchmarks stayed under pressure in afternoon trade on Thursday, as weak global cues and cautious positioning ahead of the RBI policy weighed on sentiment.

The BSE Sensex fell 661.31 points, or 0.79 per cent, to 83,156.38. The index opened at 83,757.54 against a previous close of 83,817.69. It touched a high of 83,784.17 and a low of 83,151.62 during the session.

The Nifty 50 was down 193.90 points, or 0.75 per cent, at 25,582.10. The benchmark opened at 25,755.90, compared with its previous close of 25,776.00.

Anil Singhvi, Managing Editor at Zee Business, said market sentiment remains weak due to the lack of strong institutional buying and global uncertainty.

He noted that buying figures from both FIIs and DIIs were small in the previous session. There is also concern that foreign investors are not in a strong short-covering mood even after the trade deal. Fresh buying triggers are missing. High volatility in gold and silver has also hurt sentiment, while weakness in global metal prices has added pressure.

Singhvi highlighted important technical levels to watch in the final hour of trade.

Nifty has a strong support zone between 25,450 and 25,575, while Bank Nifty support lies in the 59,600–59,800 range. On the upside, Nifty faces resistance between 25,750 and 25,825, while Bank Nifty’s upper range is seen at 60,225–60,425.

He warned that a close below 25,550 on the Nifty and 59,800 on the Bank Nifty could increase weakness. On the other hand, a close above 25,825 on the Nifty and 60,400 on the Bank Nifty could improve market strength.

The key questions in the last hour include whether Bank Nifty can hold the 60,000 level, if any recovery is possible before the close, and how investors should position themselves ahead of the RBI policy. Singhvi advised caution in mid- and small-cap stocks until clearer signals emerge.