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Market move▼ Bearish for Indian equities
Nifty falls for seven weeks as 23,000–23,200 support zone comes into focus
The brief
- Nifty fell 0.88% to 23,140.50, extending its losing streak to seven weeks
- The 23,000–23,200 zone is identified as crucial support
- Further weakness could weigh on Indian equities and index-heavy stocks
- Sensex, Nifty plunge over 1%; realty shares skid
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
- Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment
- Sensex falls 900 points as crude rebounds; Nifty slips below 22,900
- Sensex over 700 pts down after longest weekly losing streak in years; crude soars above $106