The Sensex fell 1,832.27 points, or 2.2 percent, reaching a low of 82,434.02, while the Nifty 50 dropped 565 points, or 2.2 percent, to touch 25,231.90; the fourth consecutive session of losses for the indices.

Except for metals and media, major indices dropped by more than 1%; the real estate sector faced the steepest losses, with the realty index falling by over 2%

From a technical perspective, momentum indicators signal a positive trend, as the index remains above its medium- and long-term moving averages.

Nifty 50 fell 1.41% on Monday, extending its losing streak. Negative momentum indicators hint at further dips if it breaks 25800 support. Bank Nifty also closed lower.

Foreign investors shift from India to China amid rising uncertainty and intensifying West Asian tensions. Indian markets closed lower yesterday, no signs of improvement today.

Nifty closed at 26,178.95, down 0.14%, with downward bias likely to continue if it dips below 26,150. Bank Nifty also lost 541 points, indicating a negative market sentiment.

Bulls are optimistic despite persistent selling pressure, with foreign investors showing interest in Indian stocks. Japanese markets slump amid political changes, while crude oil prices rise.

The Nifty technical outlook suggests continued bullishness in both Nifty and Bank Nifty, but traders should stay cautious around key support levels to manage potential downside risk.

Market edges higher; selling pressure likely to rise, positive global cues; crude oil falls, metals surge

The Sensex hit a fresh record high of 85,930.43 before closing 0.78 percent higher at 85,836.12. The Nifty reached a fresh peak of 26,250.90 but closed at 26,216.05, up 0.81 percent.