Stock Market Updates: Sensex Tanks 1,000 Points, Nifty Below 24,000; Airline, Tourism Stocks Drag
Indian equity markets opened lower on Friday after border tensions between India and Pakistan rattled investor sentiment
Sensex Today: Indian equity markets slumped on Friday, with both benchmark indices dropping over 1% amid escalating tensions between India and Pakistan.
The BSE Sensex plunged as much as 1.7% to hit an intraday low of 78,968, while the Nifty50 slipped 1.4%, breaching the 24,000 mark. As of 2:40 PM, the Sensex was down over 1,000 points at 79,327, and the Nifty was trading more than 280 points lower.
Recommended Stories
Broader markets also weakened, with the Nifty Midcap index down 0.37% and the Nifty Smallcap index falling 1.07%. Most sectoral indices, including Nifty Financial Services, Healthcare, Power, and IT, were trading in the red.
Nifty Technical View
Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty 50 ended the previous session with a bearish “Dark Cloud Cover" candlestick pattern, reflecting heightened fear among traders.
“The index faced resistance around 24,550 and closed with negative sentiment. A break below the immediate support at 23,950 could lead to further downside toward 23,450. On the upside, resistance is capped at 24,400 and 24,550," De said.
Global Market Snapshot
Global investors continue to digest the implications of the recently announced US-UK trade deal by President Donald Trump. While no formal agreement has been signed yet, Trump claimed progress on a deal that retains 10% tariffs on British exports, expands agricultural access, and lowers duties on UK car exports to the US.
In Asia, Japan’s Nikkei 225 opened over 1% higher, South Korea’s Kospi rose 0.3%, while Australia’s ASX200 and Hong Kong’s Hang Seng traded flat. Mainland China’s CSI 300 slipped 0.19%.
- Location :
- First Published: