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Indian Markets Broke the two-week winning streak; Broader market bore the brunt of the selloff

By HDFC SKY | Last Updated: Oct 26, 2026

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US markets fell on profit‑booking as crude spiked to six‑month highs on renewed US–Iran tensions. The Dow slid over 650 points while the S&P 500 and Nasdaq also weakened. Broader Indian markets saw deeper cuts, with midcaps and smallcaps posting their worst week since early 2025.

The rupee softened, and Nifty’s trend remains fragile, with support at 22,372 and resistance at 22,800–23,175.

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