Stock market today: BSE Sensex slumps 700 points; Nifty50 below 25,100 – Times of India
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in opening trade on Wednesday on the back of global cues. While BSE Sensex dipped below 82,000, Nifty was below 25,100. At 9:16 AM, BSE Sensex was trading at 82,023.52, down 532 points or 0.64%. Nifty50 was at 25,103.35, down 177 points or 0.70%."Although intermittent volatility cannot be ruled out, we expect the market to see a gradual up move with sectorial rotation, supported by rising hope of the US rate cut and FIIs turning buyers," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.According to Nagaraj Shetti of HDFC Securities, the near-term uptrend of Nifty remains intact, and the current range-bound movement could lead to an upside breakout above the 25,400 level. ...