Indian markets closed lower, targeting key stock supports

Indian markets closed lower on Thursday, with the BSE Sensex down about 200 points. Power and PSU stocks gained, while metals and autos saw declines. Astral, Balaji Amines, and IDFC First Bank hit new 52-week lows. Analysts noted crucial support levels for these stocks. Astral is nearing a key support level around 49.50, while Balaji Amines is approaching a breakout zone near 1000. IDFC First Bank is also near significant support levels. The overall market trend indicates a cautious outlook, with several stocks in oversold territory. Investors are advised to monitor these support levels closely in the upcoming trading sessions.