Heavy Fall in Domestic Stock Markets: BSE Sensex Falls Over 800 Points

The Indian stock markets witnessed a sharp decline on Friday morning due to escalating tensions between India and Pakistan. The Bombay Stock Exchange (BSE) Sensex plunged by over 800 points, and the National Stock Exchange (NSE) Nifty 50 index fell below its crucial 200-day exponential moving average (EMA) support level of 24,050 points.

The Nifty 50 index opened the day at 23,935 points with losses, but after a brief phase of value buying, it reached close to the 24,000 points level. However, it continued to trade below the key 200-day EMA support level of 24,050 points. On the other hand, the BSE Sensex opened at 78,968 points, and during intraday trading, it touched its lowest level before recovering to around 79,000 points. Nevertheless, the Sensex lost over 800 points compared to its previous close, hovering around 79,925 points. There was also a significant sell-off in major banking stocks. The Bank Nifty opened at 53,595 points, and within minutes of trading, it fell to a low of 53,525.50 points.

According to stock market experts, there are five key reasons for this massive decline in Indian stock markets. The intensifying India-Pakistan conflict is the primary factor, followed by weak international cues, a stronger US dollar, rising commodity prices driven by value buying, and lack of clear results from India-US trade negotiations.