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Experts Warn: Nifty Could Plunge to 24,000 Amid Market Downturn
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Nifty Plunges to 24,450; Experts Warn of Further Drop to 24,000 Amid Weak Cues
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CNBC Awaaz
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08-03-2026, 19:23
Nifty Plunges to 24,450; Experts Warn of Further Drop to 24,000 Amid Weak Cues
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Nifty fell by 315 points to close at 24,450, its lowest closing level since August 29, 2025, reversing Thursday's rally.
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Selling pressure intensified post-2:30 PM, leading the Nifty to close near its intraday low.
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Most sectoral indices closed lower, with Financial Services, Banking, and Realty sectors recording the sharpest declines.
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Experts Nagaraj Shetty, Nilesh Jain, and Rupak De predict Nifty could retest 24,300 and potentially fall to 24,000.
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Weak global cues, the situation in West Asia, crude oil prices, and a 'Sell on Rise' strategy are key market factors.
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