Indian Stock Market Suffers Heavy Loss with Sensex Decline of 961 Points

Indian Benchmark Indices End Lower Amid Broader Selling

Market Summary

• Sensex: Down 961.42 points (1.17%) at 81,287.19
• Nifty: Down 317.90 points (1.25%) at 25,178.65
• Nifty Midcap and smallcap indices down 1% each

Sectoral Performance

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• Auto, bank, FMCG, metal, reality, and telecom sectors shed 1-2%
• IT, media, and consumer durables ended in the green

Top Stocks

• Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, and Sun Pharma were among the top drags on the Nifty
• Trent, HCL Tech, Infosys, Apollo Hospitals, and Vishal Mega Mart were among the gainers

Outlook

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• Nifty has broken below the 25,400 support zone and is approaching the 25,100 gap area
• Relatively stronger sectors, such as banking, may determine the market's rebound or decline towards 24,800 zone
• Participants are advised to maintain a cautious stance, keep position sizes light, and manage risk carefully

Technical Analysis

• Nifty has formed a strong bearish candle on the daily chart, reflecting sustained selling pressure
• Nifty has broken below its 200-day EMA, a key long-term trend indicator
• Support area: 25,030 - 25,000 zone; Resistance area: 25,350 - 25,380 zone