BSE Sensex, Nifty fall 0.5% each; broader markets underperform BSE Midcap up 0.25 percent and smallcap index down 0.7 percent. More than 1,100 stocks touched their 52-week low on the BSE. 12 of 13 sectoral indices in the red, broader market underperforms. Nifty50 index ended in negative zone for the ninth consecutive session, while BSE Sensex ended lower for the second consecutive day. The Nifty found support around 22,000 and managed to close above the crucial 38.2% Fibonacci retracement level of 22,043, derived from the 2022 low of 15,213 to its all-time high of 26,277. The broader trend remains bearish, favoring a sell-on-rise approach unless Nifty decisively closes above 22,600. Immediate resistance is at 22,300, while key support stands at22,000. If this support is breached on a closing basis, the next support lies at 21,800.
BSE Sensex, Nifty fall 0.5% each; broader markets underperform BSE Mid….
