Nifty Closes Below 26,000 in Fourth Straight Drop as Sensex Falls 780 Points

Overview

• Analysts linked the risk-off tone to global trade concerns, including the US president’s backing of a bill proposing 500% tariffs on buyers of Russian oil.
• Foreign investors were net sellers of Rs 1,527.71 crore on Wednesday while domestic institutions bought Rs 2,889.32 crore, according to exchange data.
• Sectoral pressure was heaviest in metals and oil & gas, with metals down about 3.34% and oil & gas down roughly 3.15%, as midcap and smallcap indices slipped around 2%.
• Volatility picked up as India VIX jumped over 6.5% and options positioning signaled traders were not expecting a quick rebound.
• Technicians flagged Nifty support at 25,700–25,750 with resistance near 26,000, while Bank Nifty was seen holding support at 59,300–59,400 with resistance at 59,900–60,000.