Stock market crash, April 25 -- After crashing below 23,000 levels after the outbreak of the US-Iran war, the Nifty 50 index staged a strong recovery from 22,500 levels. In this recovery of the Indian stock market, the Bank Nifty index reclaimed the psychological 56,000 level, while the 50-stock index established a strong base around 24,000.

However, in the last three straight sessions, the key benchmark indices of Dalal Street witnessed sharp selling, and the Nifty 50 index slipped below 24,000 and finished close to its immediate support at 23,800 to 23,850. This fresh sell-off has cast doubt in the minds of market bulls on whether the Indian stock market has discounted the US-Iran war or whether the Nifty 50 is poised to hit a new low ...