Nifty Fell Over 100 Points amid weak rupee and Rising Crude

Nifty declined 118 points to close at 23,913 after reversing sharply from early gains during the monthly expiry session. Despite a positive start, weakness in the latter half dragged the index lower amid rising crude prices and rupee depreciation.

Financials, realty, and consumer durables led sectoral declines, while metals and autos showed relative resilience. Broader markets outperformed, with mid- and small-caps posting gains and market breadth remaining positive.

The rupee weakened sharply due to global risk aversion and higher oil prices. Technically, 23,800 – 23,850 serves as key support, with resistance near 24,100.