Nifty Plunges to 11-Month Low Amid West Asia Tensions, Crude Oil Surge; Experts Warn of 22,000

• Nifty 50 falls for third consecutive day, closing at an 11-month low of 23,151, below 23,200 for the first time since April 7, 2025.
• The index recorded its worst weekly decline in four years, dropping over 5%, leading to a 20 lakh crore rupee market cap loss this week.
• West Asia conflict (Israel Iran War) and rising crude oil prices are key factors driving the market downturn.
• Nagraj Shetty of HDFC Securities predicts Nifty could fall further to 22,500-22,000 if recovery from 22,900 fails.
• Rupak De of LKP Securities suggests short-term weakness, with selling on rallies and potential dip to 23,000 or 22,800.