Stock Market Crash: Sensex slumps 1048 pts to 6-mth low; Nifty ends at 24,866 on US-Iran war worries

Sensex Today | Stock Market Highlights, Monday: The Nifty MidCap and the Nifty SmallCap indices ended 1.58 per cent and 1.75 per cent down, respectively.

3:41 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The index remains under short-term bearish pressure despite an intraday recovery from lower levels near 24,600. On the daily chart, price action continues to trade below key short-term moving averages, confirming structural weakness following the recent breakdown below the 25,000 psychological zone. RSI is hovering around 35, indicating weak momentum and nearing oversold territory, but without a confirmed bullish divergence yet. MACD remains in negative territory with a widening histogram, reflecting sustained bearish momentum.

On the intraday timeframe, the bounce from 24,600 appears corrective rather than impulsive, suggesting short covering rather than fresh buying. As long as the index sustains below 25,000, rallies are likely to face selling pressure. The broader bias remains negative, with a sell-on-rise approach favored. A decisive break below 24,600 could trigger another leg toward 24,400. Conversely, a sustained move above 25,200 on a closing basis is required to neutralize the immediate downside bias and signal stabilisation.

View by: Ponmudi R, CEO of Enrich Money.

3:39 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Rising geopolitical tensions in the Middle East have unsettled global markets, with concerns over possible extension of the situation given the killing of Iran's supreme leader. Rising crude oil prices and a weakening INR reflect concerns over potential disruptions to oil supply, which could increase inflationary pressures in India and impact fiscals and strain margins for energy and chemical-dependent sectors.

The India VIX has edged higher, signalling increased uncertainty and risk aversion among market participants. Investors are rotating toward traditional safe-haven assets and adopting a cautious stance, awaiting greater clarity. While FII selling has intensified after the spiking of crude prices.

View by: Vinod Nair, Head of Research, Geojit Investments.

3:38 PM

Stock Market LIVE Updates: Sector check

Stock Market LIVE Updates: Barring Nifty Metal and Pharma, all sectoral indices finished lower. 

3:37 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Nifty MidCap and SmallCap closed over 1 per cent lower, each. 

3:36 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Barring BEL, Sun Pharma, ITC, all stocks ended in red on Sensex. 

3:35 PM

Stock Market LIVE Updates: Nifty closes at 24,866

Stock Market LIVE Updates: NSE Nifty50 settled at 24,865.7, down 312.95 points or 1.24 per cent.

 

3:33 PM

Stock Market LIVE Updates: Sensex settles at 80,239

Stock Market LIVE Updates: BSE Sensex settled at  80,238.85, down 1,048.34 points or 1.29 per cent. 

3:23 PM

Stock Market LIVE Updates: Sahaj Solar shares hit 52-week low on withdrawal of share issue plan

Stock Market LIVE Updates: Sahaj Solar shares slipped 11.2 per cent in trade on the National Stock Exchange (NSE), hitting its 52-week low at ₹108.2 per share. At 12:28 PM, Sahaj Solar’s share price was trading 3.8 per cent lower at ₹117.4. In comparison, Nifty was down 1.78 per cent at 24,730.7. Read more. 

3:09 PM

Stock Market LIVE Updates: War worries! Yatra Online, Easy Trip Planners, ixigo, TBO TEK dip up to 14%

Stock Markets LIVE Updates: Share prices of tour, travel-related firms were under pressure, falling up to 14 per cent on Monday following the West Asia tensions. Read more. 

3:02 PM

Stock Market LIVE Updates: 3 PM market update

Stock Market LIVE Updates: The Nifty 50 was trading 1.35 per cent or 340 points down at 24,821.72, and the Sensex was trading 1.38 per cent or 1,123.96 points down at 80,163.23.