Indian equity markets opened the week under pressure as several heavyweight stocks corrected sharply. The Nifty faced selling, while Nifty Midcap 100 and Nifty Smallcap 100 also remained weak.
Top Nifty T20 Losers:
- RELIANCE fell 3.52% to ₹1302.90 on massive volume of over ₹16,938 crores.
- JSWSTEEL declined 1.93%.
- INDIGO and ONGC both dropped 1.53%.
Other notable losers included CIPLA, TATACONSUM, KOTAKBANK, and SUNPHARMA. The selling was broad-based across energy, metals, pharma, and banking sectors.
Nifty is likely to find immediate support near 22,500–22,700 levels with resistance around 23,000–23,100.
Indian equity markets displayed selective strength on Monday amid mixed broader sentiment. The Nifty traded range-bound, while Nifty Midcap 100 and Nifty Smallcap 100 witnessed rotational buying in specific counters. India VIX remained elevated but showed signs of stability.
Over 30 stocks hit their upper price bands during the session, with notable momentum in textiles, consumer durables, capital goods, and select small-cap names on healthy volumes.
