Mon Apr 07 00:50:00 UTC 2025: **Nifty 50 Plunges 1.5% Amidst Global Market Weakness and Trade War Fears**

**Mumbai, April 4, 2025** – India’s Nifty 50 index experienced a sharp decline of 1.5 percent today, shedding 1,000 points since its recent high on March 25th. This downturn mirrors global market weakness, with the Nasdaq entering bear market territory and escalating US-China trade tensions fueling recession fears. China’s retaliatory tariffs on US goods following Trump’s earlier tariffs added to the negative sentiment.

Technical analysis indicates further potential weakness. The Nifty 50 breached the lower Bollinger Band, suggesting a possible drop towards the 22,300-22,000 support zone. However, a rebound could face immediate resistance at 23,000. Key support and resistance levels for the Nifty 50 are detailed below:

* **Nifty 50 Key Levels:** Resistance: 23,129, 23,213, 23,349; Support: 22,856, 22,771, 22,635.

The Bank Nifty also experienced losses, closing 95 points lower, although it remains above key moving averages. Analysis of options data reveals significant open interest and writing activity at various strike prices, providing further insight into potential market movements. (Detailed options data for both Nifty and Bank Nifty are available in the full report).

The market’s bearish sentiment is reflected in a sharp drop in the Nifty Put-Call ratio (PCR) to 0.74, and a rise in the India VIX volatility index to 13.76.

Market breadth was negative, with significant long unwinding observed in 84 stocks and short build-up in 117 stocks. A list of stocks with high delivery volumes (indicating investment interest) is also available in the full report. Birlasoft and Hindustan Copper were added to the F&O ban list.

**Disclaimer:** *This news report summarizes market data. Consult a certified financial expert before making any investment decisions.*

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