After witnessing gains for three straight sessions this week, Dalal Street tumbled sharply on Thursday as heavy selling pressure triggered a broad market crash. Both benchmark indices ended deep in the red, with the Sensex plunging 1,236 points and the Nifty50 sliding 365 points. The sharp fall dragged the Sensex below the 82,500 mark and pushed the Nifty50 under 25,500.
ALSO READ | Gold and silver slip on MCX as dollar gains and Fed speculations impact market sentiment
Market experts attributed the sudden downturn to intense sell-off pressure in the final trading hours. Analysts also pointed to escalating tensions between Iran and the United States as a key factor denting investor sentiment. The weakness was widespread, with all sectoral indices, including small-cap and mid-cap stocks, closing lower in the last session.
As the market heads into Friday, the final trading day of the week, analysts remain cautious. Early indicators suggest a subdued start, with the Gift Nifty up by just 13 points in early trade. Experts believe this signals the possibility of a muted opening. Rising crude oil prices in the global market are also adding to concerns, as higher oil costs could weigh further on market sentiment.
ALSO READ | Market crash on Thursday: Sensex drops 1,236 pts, small- and mid-caps hit hard
Investors are now closely watching how the market reacts to global cues and whether stability returns after Thursday’s sharp correction.
Biocon: The current price of this stock is 383 rupees. Its target price is 410 rupees, and stop loss is 370 rupees.
HDFC Life: The current price of this stock is 732 rupees. Its target price is 758 rupees and stop loss is 715 rupees.
Fortis Healthcare: The current price of this stock is 906 rupees. Its target price is 940 rupees and stop loss is 890 rupees.
Tata Technologies: The current price of this stock is 602 rupees. Its target price is 635 rupees and stop loss is 590 rupees.
Samman Capital: The current price of this stock is 151 rupees. Its target price is 161 rupees and stop loss is 147 rupees.
MM Forging: The price of this stock is 488 rupees. Its target price is 520 rupees and stop loss is 478 rupees.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
