Stock Market
Bloodbath on Dalal Street! Sensex crashes, Nifty slips below 25,500 as key stocks bleed
Mumbai/IBNS: Indian equities witnessed fresh selling pressure on Tuesday with the BSE Sensex sliding over 250 points while the NSE Nifty 50 traded below the 25,500 mark, media reports said.
Aditya Birla Fashion and Retail emerged among the top losers, tumbling nearly 9 percent to a 52-week low following reports of a Rs 289-crore block deal.
In contrast, Bajaj Electricals surged around 11 percent after the company announced its entry into the wires segment, boosting investor sentiment.
The market had ended sharply lower on Monday as well, with the Sensex plunging 629 points. The Nifty declined 0.7 percent, closing near the day’s low, while the Sensex finished at 82,941.01.
Zee Business market analyst Anil Singhvi said he expects immediate support for the Nifty 50 in the 25,425–25,500 range, with a stronger cushion at 25,325–25,375 for January 20.
For Nifty Bank, Singhvi sees support at 59,575–59,800 levels and identified 59,325–59,525 as a strong buy zone.
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