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The Nifty 50 ended at 22,603.05, down 173.05 points, or 0.76%, while the Sensex shed 429.11 points, or 0.59%, to settle at 72,638.70. Broader markets, meanwhile, settled on a mixed note. The Nifty Smallcap 100 eked out a gain of 0.30%, while the Nifty Midcap 100 ended 0.63% lower. On the sectoral front, the Nifty Realty, Nifty Metal and Nifty Auto indices slumped around 2% each, while the Nifty IT and Nifty Consumer Durables indices fell more than 1% each. Bucking the trend, the Nifty PSU Bank index gained 1%. Market breadth turned negative, with 2,043 stocks advancing on the NSE against 1,549 declines, while 98 stocks remained unchanged. ALSO READ: Jio IPO SWOT analysis: What the DRHP says about its growth story, moats and risks Here are today’s top gainers on the Nifty The Nifty has slipped lower after finding resistance at the 50-EMA on the hourly chart. The index has shown the first sign of reversal by forming a bearish candle following a strong bullish candle. The hourly RSI has also witnessed a bearish crossover. The next few days will be important, as a decisive fall below 22,600 might reignite bearishness in the market, according to Rupak De, Senior Technical Analyst at LKP Securities. On the lower end, a break below 22,600, he believes, could drag the index towards 22,200 levels. On the other hand, a sustained rise above 22,750 might bring some bullishness back into the market. 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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