March 9 Market Outlook: Nifty Faces 24,000 Drop as Oil Prices Approach $100

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Nifty Plunges to 24,450, Risks Further Fall Towards 24,000 Amid Rising Oil Prices

Nifty Plunges to 24,450, Risks Further Fall Towards 24,000 Amid Rising Oil Prices

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CNBC TV18•09-03-2026, 06:50

Nifty Plunges to 24,450, Risks Further Fall Towards 24,000 Amid Rising Oil Prices

•Nifty fell 315 points to 24,450, its lowest close since August 29, 2025, reversing Thursday's gains.
•Selling pressure intensified post-2:30 pm, with the index dropping over 200 points from its mid-session high.
•Bharat Electronics, ONGC, Reliance Industries gained; ICICI Bank, Eternal, Shriram Finance were top losers.
•Most sectoral indices, except Nifty IT, ended in red; Financial Services, Bank, Realty saw sharpest losses.
•Experts warn Nifty could retest 24,300 and potentially fall to 24,000; resistance at 24,700-24,800.

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