Nifty Plunges 2000 Points: Will It Rebound or Face a Prolonged Wait?

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Nifty Plunges 2000 Points: Global Cues, Oil Prices Trigger Market Sell-off

Nifty Plunges 2000 Points: Global Cues, Oil Prices Trigger Market Sell-off

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News18•09-03-2026, 22:46

Nifty Plunges 2000 Points: Global Cues, Oil Prices Trigger Market Sell-off

•Indian stock market saw a significant decline on Monday, with Nifty falling 422 points to close at 24,028.
•Nifty has plunged approximately 2000 points from its recent swing high, wiping out 9 lakh crore rupees of investor wealth.
•Weak global cues, a sharp surge in crude oil prices to over $115/barrel, and rising geopolitical tensions fueled the sell-off.
•Most sectors, including Auto, PSU Bank, and Metal, were under pressure; only Nifty IT closed in the green.
•Experts warn of a weak market structure, with crucial support at 23,700 and resistance around 24,300-24,400.

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