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The NSE Nifty 50 ended the session at 23,431.50, declining 203.60 points, or 0.86%. The BSE Sensex closed at 74,764.23, down 813.35 points, or 1.08%. The sell-off also extended to the broader markets. The Nifty Midcap 100 declined 0.51%, while the Nifty Smallcap 100 fell 0.41%. The India VIX, which measures market volatility, settled 6.98% higher at 12.02. Among sectors, the Nifty IT index led the losses, declining more than 3%. In contrast, the Nifty Metal index gained around 2%. Market breadth remained negative. Of the 3,676 stocks traded on the NSE, 2,092 closed lower, while 1,484 ended higher. A total of 100 stocks remained unchanged. ALSO READ: Largecap safety trade? 8 Nifty stocks test investor patience with losses for two years Here are today’s top gainers on the Nifty From a technical point of view, 23,550–23,600 now remains the immediate resistance zone. A sustained move above 23,600 would be required to improve and trigger a recovery towards 23,700–23,800. On the downside, the 23,400 zone now acts as the immediate support area, said Ponmudi R, CEO of Enrich Money. Momentum indicators continue to reflect significant weakness. The daily RSI stands around 26, firmly in the oversold zone, indicating strong negative momentum. The MACD remains bearish, with the MACD line at around -159, well below the signal line near -83, while the histogram remains negative at around -77. This confirms that selling pressure continues to dominate, although the deeply oversold RSI leaves room for a technical rebound or short-covering bounce from lower levels. This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and his/her ‘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. (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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