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.
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