Stock Market Plunge Continues: Nifty 50 Falls 1100 Points in Three Days, Experts Warn of Further Decline

Indian Stock Market Continues to Fall Amid US-Iran War Tensions

Nifty 50 Index Falls by 1,130 Points in Three Sessions The Indian stock market, including the key Nifty 50 index, has been falling continuously for the last three sessions due to weak global cues amid the escalation of the US-Iran war. The Nifty 50 index has fallen from 25,496 to 24,366, recording a fall of over 1,100 points from Friday to Wednesday.

Global Equity Markets Affected by US-Iran War Tensions The tension around the Strait of Hormuz, which transits around 20% of the global crude oil supply, and Iran's attack on Saudi Arabia's oil major Aramco, the world's top oil supplier, are affecting global equity markets, including Dalal Street. Experts believe that if the US military remains deployed for a longer period, the Nifty 50 index may soon break below 24,000 and head towards the next crucial support at 22,500.

Soaring Crude Oil Prices Weigh on Indian Equity Markets

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The soaring crude oil prices have amplified macro anxieties, prompting investors to pare exposure across risk assets. The surge in energy costs has driven the Indian equity markets to open with sharp losses, underscoring a decisive risk-off shift. The Nifty 50 index has broken below the 24,600 support level, and the next crucial support is at 24,000.

Outlook for the Nifty 50 Index

Momentum indicators remain deeply negative, with the Relative Strength Index (RSI) hovering near 30, indicating oversold conditions but without any confirmed reversal signal yet. The Moving Average Convergence Divergence (MACD) continues to reflect strong bearish momentum. The overall structure indicates elevated downside risk in the near term, and sentiment may remain pressured unless the index manages a meaningful recovery and sustains above key resistance levels on a closing basis.

Nifty 50 May Drop Further

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The Nifty 50 index has broken below the 24,600 support level, and the next crucial support is at 24,000. If the key benchmark index falls below this support, it would likely test the next major support at 22,100-22,000. The index may continue to fall further even if the US-Iran war ends due to the slowing US economy.