Nifty last close: 22904.45 (-1.49%)
Weekly basis, Sensex index shed 2050.23 points or 2.64 percent to close at 75,364.69
Nifty50 fell 614.9 points or 2.61 percent to end at 22,904.45
BSE Large-cap and Mid-cap indices fell 2.5 percent each, while the BSE Small-Cap index shed 1.6 percent.
Mid-cap Index declined 2.5 percent
Nifty Information Technology index records biggest weekly fall of 9 percent since COVID 2020 on global growth concerns
Nifty Metal index down 7.5 percent, Nifty Oil & Gas index shed 4 percent
while Nifty Realty and Auto indices slipped 3 percent each
FIIs turned net sellers in this week, as they sold equities worth Rs 13,730.49 crore
DII bought equities worth Rs 5,632.56 crore
The S&P 500 Index declined to the lowest level in 11 months, slashing $5.4 trillion in market value in just two sessions
The S&P 500 is down more than 17% from its February record
Nasdaq The swiftness of the gauge’s 20% drop from its February peak is rivaled only by the pandemic meltdown in 2020
The Cboe Volatility Index soared to above 45
Global market seen huge sell-off
Dow Future down more than 900 points
Nikkei down 6.5% and Hangseng down 9%
GiftNifty indicates more 800 points down
Nifty can be considered as supports as 22350-22400
If fails to take support 22350 then will take next support around 21950-22050
Suppose if sustains below 21950 and closes below the level
Next major support around 21300 which was election counting day low (for positional targets)
No need to write today’s resistance levels
Updated: 08.52 am / 07th April 2025
