Benchmark indices Sensex and Nifty ended in the red for the seventh consecutive session on March 2 as concerns over coronavirus continued to weigh on investor sentiments. D-Street witnessed one of the most volatile sessions in the recent past, a 1000-point swing that wiped out most of the gains made on the Sensex while Nifty50 held onto its crucial support at 11,100 levels.
Sensex fell 153 points to close at 38,144 while Nifty ended 69 points lower at 11,132.75. Broader markets performed in line with benchmark indices as the S&P BSE Midcap index was down 0.65 percent while the S&P BSE Smallcap index fell 0.77 percent.
According to the pivot charts, the key support level for Nifty is placed at 10,968.33, followed by 10,803.87. If the index moves up, key resistance levels to watch out for are 11,365.13 and 11,597.47.
Nifty Bank closed 0.96 percent down at 28,868.40. The important pivot level, which will act as crucial support for the index, is placed at 28,363, followed by 27,857.6. On the upside, key resistance levels are placed at 29,582.5 and 30,296.6.