Sensex crashes 1,836 points, Nifty slumps 2.6 pc as Middle East tensions intensify
MUMBAI: Indian stock markets ended sharply lower on Monday, with the Sensex plunging 1,836 points and the Nifty falling 2.6 per cent, as escalating tensions between the US and Iran spooked investors.
The Sensex closed at 72,696.39, down 2.46 per cent or 1,836.57 points, while the Nifty settled at 22,512.65, losing 601.85 points or 2.60 per cent.
Commenting on Nifty technical outlook, experts said that the overall market structure remains clearly bearish, with a consistent formation of lower highs and lower lows, indicating strong downward momentum.
“On the upside, the 22,650–22,700 range now acts as immediate resistance, while the 22,900–23,000 zone stands as a strong supply area aligned with previous breakdown levels,” an analyst stated.
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