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The Nifty 50 fell 88 points, or 0.39%, to close at 22,600, while the BSE Sensex declined 125.56 points, or 0.17%, to settle at 73,123.83. Broader markets came under sharper pressure, with the Nifty Smallcap 100 and Nifty Midcap 100 declining by up to 3%. Among sectors, the Nifty Metal and Nifty Consumer Durables indices fell around 3% each, while the Nifty PSU Bank and Nifty Realty indices declined by more than 2% each. Market breadth remained firmly negative, with 3,011 stocks declining against 624 advances on the NSE, while 89 stocks remained unchanged. ALSO READ: Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance Here are today’s top gainers on the Nifty Technical View Nifty has broken below its 200-WMA on the weekly chart and 20-DMA on the daily chart, weakening the overall market structure. The lower-high formation remains intact, indicating that the recent up move was merely a pullback or relief rally. A hidden bearish divergence on the RSI further signals the possibility of downtrend continuation, according to Vatsal Bhuva, Technical Analyst at LKP Securities. "The 22,200 level remains a crucial support; a decisive breakdown could trigger another leg of selling. Immediate support is placed at 22500, while resistance lies at 22,700–22,800. Traders should remain cautious, trade strictly around key levels, keep positions light, and monitor Brent crude, as a rise above $110 could further dampen market sentiment," said Bhuva. Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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