Nifty slides 1.6% on global uncertainties, crude price surge
The Nifty benchmark fell 1.6% as rising global uncertainties and elevated crude oil prices pressured Indian equities. Analysts anticipate continued weakness amid geopolitical tensions and market volatility.
The index's immediate support level is pegged at 23,000, with resistance at 23,200. Foreign portfolio investors offloaded shares worth Rs 5,027 crore, while domestic investors purchased Rs 4,201 crore in securities. The rupee also weakened against the US dollar during the session.
