The Sensex plunged a huge 3,935 points to close at 25,981.24 and the Nifty fell 1,135 points to end at 7,610. BSE Midcap and Smallcap indices plunged 12.83 percent and 12.27 percent, respectively.
Investors lose over Rs 14 lakh crore in terms of market capitalisation. The average market capitalisation of the BSE-listed companies fell from Rs 116.09 lakh crore recorded on 20 March to Rs 101.9 lakh crore as on March 23.
According to the pivot charts, the key support level for Nifty is placed at 7,409.48, followed by 7,208.72. If the index moves up, key resistance levels to watch out for are 7,985.13 and 8,360.02.
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