Indian stock market today: Nifty Slips Below Key Technical Levels

Mumbai: Indian equity markets continued their down trend for the fourth consecutive trading session on Monday, as persistent selling pressure in information technology, realty, pharma, and automobile stocks weighed heavily on investor sentiment. The lack of strong positive triggers and rising volatility ahead of the monthly derivatives expiry kept traders cautious throughout the session.

The benchmark Sensex ended the day at 84,695.54, registering a decline of 345.91 points, or 0.41 per cent. Similarly, the Nifty closed lower at 25,942.10, slipping 100.20 points, or 0.38 per cent, as weakness remained visible across most frontline sectors.

Indian stock market today: Sensex, Nifty Extend Losses for Fourth Straight Session

Market experts noted that the Nifty breached the crucial psychological level of 26,000 and also fell below its 20-day exponential moving average (EMA). This technical breakdown extended losses by nearly 100 points and added to near-term volatility.

Analysts pointed out that bearish candlestick patterns on the daily charts indicate continued selling pressure in the short term, even though the index is still hovering near important short-term moving averages. According to experts, a decisive move below the 25,900 level could accelerate the decline, potentially pushing the index toward the 25,800–25,700 range.

Sensex Laggards and Selective Gainers

Heavyweight stocks such as Power Grid, Trent, HCL Technologies, and Bharat Electronics were among the top drags on the Sensex, contributing significantly to the index’s losses.

Despite the broader weakness, selective buying interest was seen in a handful of stocks. Tata Steel, Asian Paints, Hindustan Unilever, Eternal, NTPC, and Axis Bank managed to close in positive territory, offering some support to the benchmarks.

Indian stock market today: Broader Indices and Sectoral Performance

The broader market continued to underperform the frontline indices. The Nifty Midcap 100 index slipped 0.52 per cent, while the Nifty Smallcap 100 fell 0.72 per cent, reflecting sustained pressure on mid- and small-cap stocks.

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On the sectoral front, IT, realty, and auto stocks faced the brunt of the selling. The Nifty IT index declined 0.75 per cent, while the Nifty Realty and Nifty Auto indices dropped 0.67 per cent and 0.53 per cent, respectively.

Defensive Sectors Show Resilience Amid Volatility

In contrast to the broader weakness, some defensive segments displayed relative strength. The Nifty Media index gained 0.93 per cent, emerging as the top sectoral performer. The PSU Bank and FMCG indices also edged higher, rising 0.05 per cent and 0.11 per cent, respectively.

Market participants said sentiment remains guarded as investors continue to trim positions amid sector-specific selling. However, strong domestic liquidity support and resilient macroeconomic fundamentals are helping cushion the downside. At the same time, global uncertainties related to interest rate trajectories and geopolitical developments continue to restrain aggressive risk-taking in equities.

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