Market News

Market crash: Sensex sinks 2,400 points, Nifty below 23,750; key reasons

Market crash Today: India VIX, the fear gauge index, spiked more than 21 per cent to go past 24, indicating heightened nervousness among traders and investors

Sensex crash over 2,235 in early trade; VIX surges 20.82%

The Nifty traded below the 23,750 mark. All sectoral indices on the NSE were traded in the red, with PSU bank, auto and healthcare shares declining the most.

For those wanting to trade downside levels, not sure if index is the right way: Rohit Srivastava

Rohit Srivastava, Founder of Indiacharts and Strike Money, says investors should focus on hedging rather than aggressive selling as markets remain volatile. He suggests using long-dated Nifty puts as protection and notes that weakness, initially seen in IT and real estate, is spreading to other sectors including banks. For short-term traders, stock-specific short trades may offer opportunities, while defensive sectors such as defence, pharmaceuticals and agro-linked plays like sugar could act as selective bets.

ICICI Bank Share Price Live Updates: Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Astra Microwave Products shares on March 9

Escalating crude oil prices are set to impact India's economy and stock market, leading to inflation worries and a weaker rupee. The Nifty 50 is expected to decline as geopolitical tensions rise, with a notable shift towards safer investments observed in the market.

Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 9 after jump in crude oil prices

Nifty 50, Sensex today: The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,800 level, a discount of nearly 745 points from the Nifty futures’ previous close.

GIFT Nifty tanks 800 points as oil crosses $100 on Iran war, roils global markets

Based on the GIFT Nifty implied open, the Nifty 50 index is likely to begin trade around the 23,776 mark.

Nifty risks a fall to 24,000 if 24,300 support breaks: Analysts

Geopolitical tensions are expected to keep the Nifty volatile next week, with the index hovering near a key support zone. Analysts suggest a bearish outlook below 24,700, targeting 24,000, while a move above 24,800 is needed for sentiment stabilization. Trading strategies include a Bear Put Spread and selective stock picks.

Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari

The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori

Sensex, Nifty log biggest weekly fall in over a year; Nifty PSU Bank drops over 6%

Indian equity benchmarks fell sharply, with Sensex and Nifty dropping about 3%. Financials dragged, while defence stocks gained nearly 6%.

Sensex Today Trades Lower | Nifty Below 24,650 | HDFC Bank & Tata Steel Top Losers - Equitymaster

Sensex Today Trades Lower | Nifty Below 24,650 | HDFC Bank & Tata Steel Top LosersEquitymaster

Watch | Rahul Sharma's make-or-break level for the Nifty is still 1,000 points away

JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while 23,500 is the key “make-or-break” level for the current market structure. Sharma believes any correction could offer buying opportunities in quality stocks, highlighting public sector banks, PSUs and select large-cap names such as Larsen & Toubro, State Bank of India and Titan.