Stock Market
Dalal Street bleeds: Sensex sinks 900 points at open, Nifty below 23,400
Mumbai/IBNS: The Indian stock market nosedived on Friday, extending losses triggered by escalating geopolitical tensions centred on the West Asia conflict, media reports said.
The BSE Sensex plunged over 900 points, while the NSE Nifty 50 dropped below the 23,400 mark as a bloodbath dominated Dalal Street.
The benchmark indices are now set to register their biggest weekly loss in more than a year, with several factors weighing on investor sentiment, including the ongoing tensions involving Iran, the United States, and Israel.
Meanwhile, the Indian Rupee further weakened, hitting a record low of 92.36 against the US dollar.
Market expert Anil Singhvi told Zee Business that he expects immediate support for the Nifty 50 index in the 23,350–23,500 range, with the next support likely at 23,100–23,275.
He also said the Nifty Bank may find support at 54,375–54,500, while the second support zone could be 53,600–53,900.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
