Stock Market Crash LIVE Updates: Nifty extends losses to 280 points, index falls to 22,400
Stock Market Crash LIVE Updates: Resistance is gone and the markets are in deep red as the Nifty slumps over 200 points, falling to 22,450. The Nifty Bank is down over 600 points. Tata Steel, Hindalco and Tata Motors PV are the biggest laggards.
Stock Market Crash LIVE Updates: We are halfway through the day’s trade, and the hopes of ending on a high have been dashed, as the market drowns in a crash. This week looks all set to be in red. The Nifty is has fallen a colossal 250 points, slumping to 22,400. The Sensex is down a mammoth 600 points, falling to 72,650.
For the Nifty, the lows of Wednesday and Thursday – 22,649 and 22,554 will be the most important to watch on the downside, while any recovery towards the 22,800 – 22,900 zone could see supply emerge.
The Nifty Bank remains in its 1,000-point range of 54,500 – 55,500. A major impediment to any recovery is crude, with Brent now above $113 a barrel.
Multiple Nifty 50 and broader market companies report results today. It is also the final day to subscribe to the Jio Platforms IPO, which has already received bids worth over ₹1 lakh crore.
Watch this space for all the LIVE Stock market updates.
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