Nifty outlook shows continued weakness amid consolidation
after close1 source ↓written by the desknot a recommendation
- closing
- 29 points lower
- 24,366
- support seen between
- 24,200-24,250
- Smallcap 100
- 0.53%
- 0.69%
Nifty declined for the fourth consecutive session, closing 29 points lower at 24,366. The index remains in a consolidation phase, with key support seen between 24,200-24,250. Sectoral performance was mixed, with Financial Services, Pharma, and Metals underperforming, while Media and Consumer Durables showed resilience. The broader market also faced declines, with Nifty Midcap 100 and Smallcap 100 down 0.53% and 0.69%, respectively.
Not investment advice. For informational purposes only.