Buy or sell stock, May 2 -- Following the adverse global market sentiments, the Indian stock market witnessed sharp selling on Thursday. The Nifty 50 index crashed 180 points and closed at 23,997. The BSE Sensex nosedived 582 points and closed at 76,913, while the Bank Nifty index finished 540 points lower at 54,863.

The sell-off was broad-based, with several sectors ending in the red-led by metals, realty, and FMCG-while IT showed relative strength. Broader markets also mirrored the weakness, with midcap and smallcap indices declining around 0.4-0.8%, indicating widespread risk aversion.

Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market bias is cautious. The Choice Broking expert said that a Doji-li...