Stock Market
Dalal Street turns red! Sensex slides, Nifty clings to crucial 26,100 level
Mumbai/IBNS: Indian equity benchmarks opened on a weak note on Friday, with the BSE Sensex slipping around 140 points, while the NSE Nifty 50 hovered just above the 26,100 mark, media reports said.
Shares of Ola Electric surged nearly 5% in early trade after the company received a Rs 367 crore incentive under the PLI Auto scheme for the financial year 2025.
Among the major laggards in morning trade were Bajaj Finance, Eternal, Sun Pharma, TCS and Tata Steel, while BEL, Titan, NTPC and Power Grid were among the notable gainers.
Apart from Ola Electric, stocks from the auto, metal and healthcare sectors are expected to remain in focus in the final trading session of the week.
Market expert Anil Singhvi, speaking to Zee Business, said the Nifty 50 is likely to find support in the 26,000–26,100 range, with a strong buying zone seen between 25,825 and 25,965.
Singhvi added that the Nifty Bank index is expected to have support at 58,875–59,050 levels, while the strong buy zone is placed between 58,650 and 58,800.
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