Buy or sell, March 3 -- After trading sideways to negative for seven straight sessions, the Indian stock market witnessed a bloodbath during the Friday session. The Nifty 50 index crashed 420 points or 1.86 per cent - the steepest single-session decline since October 3, 2024, in percentage terms - and closed at 22,124. The BSE Sensex nosedived over 1400 points and closed at 73,198, while the Bank Nifty index tanked 399 points and finished at 48,344. Selling in the broad market was more extensive as the BSE Small-cap index crashed over 2.30 per cent, while the Mid-cap index nosedived over 2.15 per cent.

On the Indian stock market's outlook in the near term, Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal, said, "We ...