Nifty 50 plunges 200 points in 2 minutes, rebounds 160 points in next 7 minutes

Nifty 50 plunges 200 points in 2 minutes, rebounds 160 points in next 7 minutes/Pixabay

VoM News Desk | April 18, 2024 | 04:03 PM IST | Breaking News | Follow on Google News

Nifty 50 plunges 200 points in 2 minutes, rebounds 160 points in next 7 minutes

Nifty 50 plunges 200 points in 2 minutes, rebounds 160 points in next 7 minutes

Volatility Hits Indian Stock Market

Thursday’s trading session in the Indian stock market witnessed significant volatility, with the Nifty 50 index experiencing a rapid decline of around 200 points in just two minutes, followed by a sharp recovery of 160 points in the next seven minutes.

Intraday Movement

At 1:25 pm on April 18, the Nifty 50 was trading at 22,285 level before plummeting to a day’s low of 22,080 at 1:27 pm. However, within seven minutes, the index recovered, reaching 22,243 at 1:34 pm. Similarly, the BSE Sensex fell from an intraday high of 73,473.05 to a low of 72,679.88 within minutes.

Market Performance

Although the Indian stock market indices initially opened with gains, snapping a three-day losing streak, they later turned red. The Sensex rallied over 500 points during the day, while the Nifty 50 gained over 170 points. However, both indices experienced losses by the afternoon.

Current Status

As of 2:35 pm, the Sensex was down 143.79 points at 72,799.89, while the Nifty 50 traded 37.55 points lower at 22,110.35. Despite the earlier gains, the Sensex had fallen over 800 points from its day’s high, with the Nifty 50 declining over 270 points from its peak.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.