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Nifty witnessed a notable downturn, closing well below its intraday highs amid sustained selling interest. The index opened flat but quickly dipped, giving up gains and slipping under key support zones. Selling persisted throughout the session, especially in IT, financials, and discretionary names, dragging the index lower. In the final hour, downward momentum accelerated, and Nifty settled near 25,050, marking a sharp drop from the day’s peak. The session saw cautious volume trends, with fewer participants taking fresh long positions. The move suggests traders are wary of further downside risks, especially if global cues remain weak or foreign outflows persist.
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