Nifty plunged nearly 400 points on broad based sell off, closes at three-month low

Nifty fell for the second consecutive session, with a massive decline of 353 points or 1.41%, closing at 25,232, its lowest since October 14, 2025 and the steepest single day fall since May 13 2025. NSE cash market turnover increased 13% compared to the previous session.

Amid the sea of red, from the Nifty pack only Dr Reddy’s, Tata Consumer, and HDFC Bank bucked the trend to end higher. Adani Enterprises, Bajaj Finance, and Jio Financial bore the heaviest selling, finishing as top losers.

The broader market pain was evident as all the sectoral indices ended in the red. The Realty, Consumer durables and auto bore the brunt of the sell-off, finishing as the day’s worst performers. The broader markets witnessed sharp selloff, with the Nifty Midcap 100 tumbling 2.62% and the Nifty Smallcap 100 plunging 2.85%.

Market breadth remained negative for the eight consecutive session, as the BSE advance-decline ratio dropped sharply to 0.80, lowest reading in nine months, signaling persistent selling across the mid and small-cap segments.

The Indian Rupee extended its losing streak, depreciating 6 paise to close at 90.97. Despite RBI efforts to anchor the currency, the Rupee buckled under dwindling dollar inflows, stalled trade negotiations, and relentless greenback demand from corporates and importers.

The index decisively breached the crucial swing low at 25,473 during the session and is now placed close to the 200-day EMA (25,160) and SMA (25,113), the final major technical supports. With bearish trends confirmed across all timeframes, a break below these 200DMA levels could trigger further selling toward the 24,800-24,900 support zone, while the breached 25,470- 25,500 will interchange its role as resistance on any pullback attempts.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE