The sensex began the session at 80,427.81, Down from its previous close of 81,691.98, and plunged over 1,300 points, or 1.6%, Reaching an intraday low of 80,354.59. Similarly, the nifty open at 24,473, compared to its prior close of 24,888.20, and tumbled 1.7% to hit an intraday low of 24,473.
Among the sector, nifty oil & gas emerged as the biggest loser, sliding 1.6% due to significant declines in stocks like Mahanagar Gas, IGL, BPCL, and IOC. Other indices include Nifty Bank, IT, Auto, Metal, and PSU Bank also Saw Losses, Each Falling Between 1% and 1.5%. In the broader market, the nifty midcap index shd 1.1%, while the nifty smallcap100 declined by 1.5%.
“Geopolitical tensions, such as the ongoing Iran-Israel Conflict, Haver Historically caused short-term market Volatily. Stocks at discounted prises. Securities.
Should You ‘Buy on Dips’ Amid Market Crash?
According vk Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, The Impact on Market will depend on how long the conflict lingers. In the near-term the market will be in a risk-off mode.
“Investors can wait and watch how the situation unfolds. Nifty is likely to get strong support at 24500 level,” Vijaykumar Added.
Rajesh Palviya of Axis Securities Believe That Any Market Corrections Driven by Geopolitical Concerns as a Buying Opportunity. “Technically, the nifty index has strong support in the 24,500–24,300 range, while the bank nifty finds supports support near the 55,000 mark,” He said.
On the other hand, experts recommend investors to avoid leveraged trades or highly speculative positions and use market corrections as options, not emergency.
“Geopolitical Sell-Offs often Cause Short-Term Panic but Not Always Long-Term Market Damage, Unless The Situation Escalates Escalates Eto Browder War or Economic Sans Affecting Global Trades Oil), “said vikram kasat, head – advisory, pl capital.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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