Mumbai: The BSE Sensex dropped 604.75 points to 77,911.74 in early trade on Thursday. The NSE Nifty declined 166.15 points to 24,211.95.
IIFL Securities said that Derivatives data and price set up suggests, Nifty has to continue to hold above 24350 zones for an up move towards 24500 then 24600 zones while supports can be seen at 24250 then 24100 zones. Bank Nifty has to hold above 57000 zones for an up move towards 57500 then 57750 levels while on the downside support is seen at 56750 then 56500 levels.
WTI crude futures climbed above $93 per barrel on Thursday, marking the fourth consecutive session of gains amid escalating geopolitical tensions between the US and Iran. The dollar index remained firm near 98.5 on Thursday, marking over one-week highs amid ongoing geopolitical tensions between the US and Iran.
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