Stock Market
Red alert on Dalal Street! Sensex cracks 250 points, Nifty slides below 26,050
Mumbai/IBNS: The Indian stock market traded in the red on Thursday morning, with the BSE Sensex slipping over 250 points and the NSE Nifty 50 falling below the 26,050 mark, media reports said.
The benchmark indices extended losses for the third consecutive session amid ongoing geopolitical tensions, which weighed on investor sentiment.
Among the gainers in early trade were DSJ Keep Learning Ltd., which surged 11.53 per cent, followed by Tata Elxsi Ltd. (9.51 per cent), Sonata Software Ltd. (6.03 per cent), Embassy Developments Ltd. (4.99 per cent) and Avenue Supermarts Ltd. (4.86 per cent).
On the losing side, Foce India Ltd. dropped 4.91 per cent, Cipla Ltd. fell 4.11 per cent, CSB Bank Ltd. declined 3.92 per cent, Mahindra & Mahindra Financial Services Ltd. slid 3.84 per cent and Sun TV Network Ltd. was down 3.44 per cent.
Market expert Anil Singhvi told Zee Business that the Nifty 50 is likely to find support in the 26,000–26,100 range, with a strong buy zone seen between 25,875 and 25,975 levels.
He added that the Bank Nifty may see support at 59,575–59,750 levels, while a strong buy zone for the index lies in the 59,250–59,450 range.
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