Particle.news
Download on the App Store

Nifty Ends Below 26,000 as Six-Day Winning Streak Snaps

Profit-taking shifts focus to the 25,800–25,700 support band traders view as the near-term line to watch.

Overview

  • Sensex fell 277.93 points to 84,673.02 and Nifty slipped 103.40 points to 25,910.05, halting a six-session advance.
  • Realty led sectoral declines with a drop of about 2% as IT and metal gauges fell roughly 1%.
  • Market breadth weakened on the BSE with 2,740 decliners versus 1,463 advancers, and both midcap and smallcap indices closed lower.
  • Analysts flag immediate resistance at 26,000–26,100, with a move above 26,100 seen as opening room toward the 26,277 record.
  • Bank Nifty showed relative resilience near 59,000, with resistance around 59,300 and prior 58,300–58,000 levels expected to act as support.