Nifty 50 Extends Losses As Market Sentiment Weakens

  The Nifty 50 index, tracked on the National Stock Exchange (NSE), continued its downward trajectory in afternoon trade, reversing early stability. At 25,966.20 points, the index was down 0.39% compared to its previous close of 26,068.15. Market analysts attribute the decline to weak global cues, a firm US dollar, and investor caution ahead of key macroeconomic data releases.  

Key highlights from the session include  

• Nifty 50 last traded at 25,966.20, down 101.95 points or 0.39%.  
• The index had closed previously at 26,068.15.  
• Banking and IT stocks led the decline, reflecting sectoral weakness.  
• Profit booking in large-cap stocks contributed to intraday losses.  
• Global cues, including uncertainty in US markets and crude oil price fluctuations, weighed on sentiment.  
• Volatility remains elevated, with traders adopting a cautious stance ahead of domestic GDP data.  
• Analysts see near-term support for Nifty around 25,850 and resistance near 26,200.  
• Investor focus remains on upcoming corporate earnings and global monetary policy signals.  

The Nifty’s movement highlights the fragile balance between optimism over India’s growth outlook and concerns about global headwinds. With investors adopting a wait-and-watch approach, the index is likely to remain range-bound until clearer signals emerge from both domestic and international markets.  

Sources: NSE India, Economic Times, Business Standard, Moneycontrol