Nifty 50 opened with a gap up following global cues but faced selling pressure throughout the day, closing at 23,995.35, down by 1.27%. Resistance is at 24,200, with crucial support at 23,800.
Bank Nifty also opened gap up and witnessed selling throughout the day, closing at 51,215.25, down by 0.89%. Resistance is marked at 51,600, with vital support at 50,800.
Midcap and Smallcap indices fell by 1.97% and 1.20%; supports at 55,300 and 17,900 respectively.
Nifty PCR is 0.62; Bank Nifty PCR is 0.66; notable activity in Nifty 24,200 Call/23,900 Put and Bank Nifty 52,000 Call/51,000 Put.
Advancers: 630 stocks;
Decliners: 1,852 stocks.
FIIs sold ₹4,329.79 crore; DIIs bought ₹2,936.08 crore.
Stocks approaching 200 EMA: MEDANTA, HEROMOTOCO, IDBI, INDIGO, UBL.
Markets opened higher but faced selling all day, with major indices closing in the red.