Share markets open under pressure on Dalal Street:Trump’s ‘Time is running out’ ultimatum to Iran weigh on investors

The share markets in India opened under pressure on Monday, 6 April, 2026. The 30-company Sensex slid to 73,000 and the 50-company Nifty fell to 22,627 points. Mixed sector-wise performance Sectorally on the NSE, barring IT, Metals and PSU Banks, all other indices traded with losses with Nifty Pharma falling the most following US President Donald Trump’s 100% tariifs levy on import of patented drugs. Trump’s 48 hour Iran ultimatum The Tuesday deadline Trump has given for Iran to open the Strait of Hormuz is looming. Some analyst fear the war may escalate after that. Over the weekend Trump made more threats against Iran, even as the bombing continued in the region. Asian shares mostly gain Monday Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next. Technical Chart: The Level of 21,930 is Important for Nifty Nifty 50: Ajit Mishra of Religare Broking believes that Nifty is gradually moving towards its critical support level. According to the long-term weekly moving average (200 WEMA), 21,930 and then 21,750 (which was the low of April 2025) are important supports. Mishra said that uncertainty is visible at current levels. On the upside, there is resistance in the 23,00023,200 zone and 23,500 is a major hurdle. If Nifty crosses this level, the market sentiment could turn positive and it may move towards 24,000. Sensex: According to Ponmudi R., CEO of Enrich Money, Sensex is trying to stabilize around 73,300, but its overall structure is still weak. On the upside, there is immediate resistance at the 73,80074 level. However, if Sensex slips below 72,000, it could go down to the 71,50071 level. Expert Opinions 1. According to R. Ponamudi, volatility is expected to continue in the stock market this week. The market’s movement will be influenced more by global factors rather than fundamentals. Investor sentiment will largely depend on West Asia situations, currency, and foreign investors. 2. Ajit Mishra, Research SVP at Religare Broking, believes that investors should proceed cautiously in the current uncertainty. Mishra’s opinion is that portfolios should include strong large-cap shares that have better earnings positions and balance sheets. Sensex closed up 185 points at 73,320 on Thursday The Sensex closed 1,773 points higher from the day’s low on 2 April. It opened under heavy pressure in the morning and fell to the level of 71,545. Later, buying emerged in the market and it closed up 185 points (0.25%) at 73,320. Meanwhile, Nifty also showed a recovery of 531 points after making a low of 22,182. It closed at 22,713 level, up 34 points (0.15%). Disclaimer: This article is for informational purposes only. The opinions and advice given above are those of individual analysts or broking companies, not of Bhaskar English or Dainik Bhaskar. We advise investors to consult certified experts before making any investment decisions.