BSE Sensex plunged more than 600 points to breach the 64,000 points mark on Wednesday.
Sensex is down 610 points at 63,961 points.
Heavy selling in Sensex heavyweights with Infosys down 3 per cent, NTPC down 3 per cent, Bharti Airtel down 2 per cent.
Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said the Nifty is currently precariously placed with the overall bias maintained with a very cautious approach and as said earlier, the breach below 19,500 zone was very crucial with the trend and sentiment turning negative and now with 19,200 zone positioned as the important and crucial support zone, a decisive breach below shall trigger for further intensified selling pressure.
Technically, the next major support zone lies near 18,850 levels and 18,600 zones of the significant 200 period MA where one can expect some consolidation. So as of now, it’s a wait and watch scenario and for the overall bias to improve, would need a decisive move past the 19,500 zone to establish some conviction and anticipate for further rise, Parekh said.
The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near-term, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict. Investors may opt for a cautious approach to the market till some clarity emerges on the geopolitical situation, he said.
Our relations, our dealings with Pakistan will be strictly bilateral: EAM Jaishankar
Making India's longstanding position clear once again, External Affairs Minister (EAM) S. Jaishankar on Thursday said that any issues pertaining to Pakistan will be dealt with Islamabad bilaterally.
Three Jaish terrorists killed in J&K encounter
Three terrorists of the Jaish-e-Mohammad (JeM) were killed on Thursday in a gunfight with the security forces in Nader village of Jammu and Kashmir's Pulwama district.
Assam Rifles kill 10 militants in fierce gunbattle in Manipur; operation underway
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Top BSF official emphasises need for heightened vigilance on Indo-B’desh border
A Border Security Force (BSF) spokesman said that Agrawal, a senior IPS officer, underlined the maximum vigil along the India-Bangladesh border to ensure a prompt and effective response to any adverse situation.
Oil India Limited begins gas exploration work in Tripura
In a significant development, the state-owned Oil India Limited (OIL) commenced its exploration and production activities in Tripura by spudding its well at Debtamura in Tripura’s Gomati district, officials said here on Wednesday.
BJP holds 'Tiranga Yatra' in Tripura, Mizoram to honour armed forces
As part of the ongoing nationwide outreach efforts, the BJP on Wednesday organised 'Tiranga Yatra' in Tripura and Mizoram to celebrate the success of ‘Operation Sindoor’ conducted in response to the Pahalgam terror attack.
CBSE Results: State sees rise in pass percentages, 15 schools achieve 100 perent
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CM extends swift help to ailing citizens in Mukhyamantri Samipeshu
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