The Indian stock market fell for a fourth straight day, with the Nifty 50 slipping below the 26,000 mark.
Market Summary
The Nifty 50 closed at 25,942, down about 100 points. The BSE Sensex lost 345 points, ending at 84,695, while the Bank Nifty fell 79 points to finish at 58,932. Nifty futures also dropped, closing at 25,955.
Among sectors, media stocks rose 0.75%, but the consumer sector was the weakest, falling nearly 1%. Gold prices on MCX slipped to ₹1,34,887 per 10 gm, and silver fell to ₹2,23,900 per kg. Bitcoin slipped to about ₹78.35 lakh, down roughly ₹55,000 from the previous close.
Technical Outlook
- Nifty 50: Immediate support around 25,800; next resistance near 26,200. To confirm a bullish turn, the index needs to close above 26,250.
- Bank Nifty: Support near 58,700; resistance around 59,800. A clear break above 59,800 would signal fresh upside.
Today's Stock Recommendations
- IOC – Buy at ₹162, target ₹167, stop‑loss ₹157.
- Ashok Leyland – Buy at ₹176, target ₹183, stop‑loss ₹172.
- Max Healthcare – Sell at ₹1,067, target ₹1,045, stop‑loss ₹1,073.
Disclaimer
This article is for educational purposes only. The views and recommendations shared are those of individual analysts and not of any platform. Always do your own research or consult a certified advisor before making any investment decisions.