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Nifty Plunges to 10-Month Low: Geopolitical Tensions and Key Factors Driving Market Direction
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Nifty Hits 10-Month Low Amid War Fears, Global Factors Drive Market Direction
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CNBC Awaaz
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15-03-2026, 10:46
Nifty Hits 10-Month Low Amid War Fears, Global Factors Drive Market Direction
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Nifty 50 plunged to a 10-month low, falling 5.3% last week, closing at 23,151.10.
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Key factors driving market weakness include Iran-Israel tensions, weak rupee, and foreign investor selling.
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Upcoming US Fed FOMC meeting and rising crude oil prices will also influence market direction.
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Technical indicators show Nifty is weak, below its 200-day moving average, with RSI in oversold zone.
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Experts advise caution for the challenging week ahead, despite long-term Indian economy strength.
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