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.
Major indices registered a decline of approximately 0.80% each, with mid-cap and small-cap indices also falling by around 1%, currency market shows weak trend as well
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.
The Nifty rose by 0.23%, reaching a fresh all-time high of 26,277 before closing with a 0.14% drop at 26,199. The Sensex hit a new peak of 85,978, climbing 0.16%, but ended the session at 85,615, a 0.30% fall from its previous close.