Punjab Newsline | New Delhi
Indian equity markets witnessed a sharp decline in early trade on Friday, with the benchmark Sensex plunging more than 600 points and the Nifty testing the crucial 23,250 level amid broad-based selling pressure across sectors.
BSE Sensex was trading at 74,266.13, down 636.46 points or 0.84 percent, while the NSE Nifty slipped 221.15 points or 0.94 percent to 23,256.65. The steep fall triggered losses across sectoral indices, reflecting weak market sentiment and increasing investor concerns.
Market participants remained cautious as selling pressure persisted in key sectors, dragging the broader market lower. The decline comes amid heightened uncertainty, with investors closely monitoring technical levels for further market direction.
Ponmudi R, Chief Executive Officer of Enrich Money, highlighted that the 23,200 level remains a critical support zone for the Nifty. According to him, a decisive break below this level could accelerate the decline and push the index towards the 23,000 mark and potentially lower levels.
