Indian stock markets witnessed a sharp decline on Friday, with benchmark indices BSE Sensex and Nifty 50 closing near one-month low levels due to heavy selling across major sectors.
Sensex: Fell 961 points, closing at 81,287
Nifty 50: Dropped 318 points, settling at 25,179
Investor Wealth Loss: Over ₹5 lakh crore wiped out
Total Market Cap: Fell to around ₹463 lakh crore
This marks the first time since early February that Sensex closed below 82,000 and Nifty below 25,200, indicating strong bearish pressure.
Foreign Institutional Investors (FIIs) continued selling, which created strong downward pressure on the market.
US and global markets showed weakness, which negatively impacted Indian equities.
Ongoing tensions between the US and Iran increased global risk, making investors cautious.
The falling Indian Rupee reduced investor confidence and triggered selling.
Major sectors that faced heavy selling included:
Auto stocks 🚗 (M&M, Maruti fell around 2%)
Financial stocks 🏦
Realty stocks 🏢
FMCG stocks 🛒
This broad-based selling pushed markets lower.
Global signals remained mixed:
US futures traded lower 📉
Asian markets showed mixed movement 🌏
European futures remained flat
This indicates uncertainty in global investor sentiment.
Based on the current technical structure and global cues:
Nifty Support: 25,000 – 25,100
Sensex Support: 80,800 – 81,000
Resistance Levels:
Nifty Resistance: 25,400 – 25,500
Sensex Resistance: 81,800 – 82,200
Avoid aggressive buying in the early session
Wait for confirmation near support levels
Prefer quick trades with strict stop-loss
Wait for market stabilisation
Focus on strong sectors like PSU Banks, Power, and FMCG
Market corrections provide good buying opportunities
Invest gradually in fundamentally strong stocks
Stock Emphasis
Stock Emphasis
SEBI Registration Number: INH000020022.