Fears of a coronavirus-induced global recession once again lopped off early gains as benchmark indices on March 17 logged in heavy losses for the fourth consecutive session. Equity barometer Sensex failed to hold intraday gains and closed with losses due to fag-end selling.
The 30-share pack closed with a loss of 811 points, or 2.58 percent, at 30,579.09 while Nifty ended 230 points, or 2.50 percent, down at 8,967.05. BSE Midcap and Smallcap indices closed 1.84 percent and 2.27 percent down, respectively.
according to the pivot charts, the key support level for Nifty is placed at 8787.17, followed by 8607.28. If the index moves up, key resistance levels to watch out for are 9275.37 and 9583.68.
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