Stock market today: Following the escalation in the India-Pakistan conflict, the Indian stock market witnessed heavy selling pressure during Friday’s morning trading. The BSE Sensex crashed over 800 points, whereas the Nifty 50 index breached the crucial 200-DEMA support placed at 24,050 levels.
The Nifty 50 index opened today at 23,935 but witnessed some value buying and came close to the 24,000 levels. However, it continues to trade below its crucial 200-DEMA support at 24,050. The BSE Sensex opened downside at 78,968 and touched an intraday low. The 30-stock index bounced back and regained the 79,000 level. However, the benchmark index is still more than 800 points lower at around 79,925. Selling was extensive in the frontline bank stocks as the Bank Nifty today opened lower at 53,595 and touched an intraday low of 53,525.50 within a few minutes of the Opening Bell.
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