Nifty Plunges to 11-Month Low Amid West Asia War, Oil Shocks; ₹20 Lakh Cr Lost

• Nifty 50 plunged for the third consecutive session, closing at an 11-month low of 23,151, driven by intensifying West Asia conflict and rising crude oil prices.
• The index recorded its worst week in four years, declining over 5%, leading to a ₹20 lakh crore loss in BSE-listed companies' market capitalization this week.
• Since the West Asia conflict began, BSE-listed firms have lost over ₹33 lakh crore in market cap.
• Market direction remains sensitive to West Asia developments, crude oil prices, and foreign fund flows; sustained outflows and high oil prices could keep sentiment cautious.
• Experts Nagaraj Shetti and Rupak De predict continued weakness, with Nifty potentially testing 22,900, 23,000, or even 22,500 levels, while Dhupesh Dhameja sees resistance near 25,080.