Overview
- By around midday, the Nifty slipped to about 25,786 and the Sensex to roughly 84,121 after a brief early bounce, adding to Thursday’s sharp decline.
- Foreign institutional investors sold Rs 3,077.59 crore on Thursday after Rs 2,540.16 crore the previous day, marking a second straight session of heavy outflows.
- Traders turned risk‑averse after Jerome Powell signaled a December rate cut is unlikely, while the Trump–Xi meeting produced only a short truce rather than a broader trade deal.
- Technicals flag stiff resistance at 26,000–26,100 with support near 25,800–25,700; options data shows heavy call writing at 26,000 and India VIX edged up to 12.07.
- Bank Nifty is testing its lower trendline near 58,000 and needs a move above about 58,580 to open room toward 59,000.