Nifty 50 slips below 24,000: Key support and resistance levels to watch amid market volatility

Indian markets fell for a fourth straight session on Thursday, with the Nifty 50 slipping below the psychologically important 24,000 mark and the Sensex declining 202.29 points (0.26%) to 76,552.76, while the Nifty 50 dropped 62.40 points (0.26%) to 23,943.80 and Bank Nifty underperformed with a 0.92% decline to 56,629.90. The selloff was driven by escalating US-Iran tensions that pushed Brent crude above $95 per barrel, stoking inflation and monetary policy concerns for oil-importing India. Technical analysts identified immediate support for the Nifty 50 at 23,750 to 23,800 and resistance in the 24,070 to 24,250 zone, with the index consolidating in a 23,785 to 24,531 range since June 15.