Kolkata: Both Sensex and Nifty made a gap down opening on Wednesday, March 4 as predicted by experts amid the escalating Iran-US conflict. At 9:20 am, Sensex was at 78,602, down 1636 points and Nifty 50 was trading at 24,385, down 487 points.
On Monday, the Indian stock market bled amid the escalating conflict between Iran and the US-Israel combine. The Sensex crashed 1,048.34 points, or 1.29%, to close at 80,238.85, while the Nifty 50 settled 312.95 points, or 1.24%, lower at 24,865.70. The market was shut on Tuesday, March 3, due to Holi, which gave the market a welcome breather from the mayhem.
Prominent gainers on NSE
According to NSE data, the top gainers on Wednesday were COALINDIA, INFY, ONGC, HCLTECH and TCS. Only these stocks were in the green and three of the five were IT stocks. The extent of gain was from 1.68% to 0.34%.
Gap down opening predicted
Today morning, experts pointed out that the both Sensex 30 and Nifty 50, were likely to open lower, mirroring wide sell-off in the global markets in the climate of unabated tension in the Gulf. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was at around 24,443 level, lower by nearly 539 points from the Nifty futures’ previous close.
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