The 20-DMA holds the key for the Nifty, which is placed around 26,000. The index continues to find support between 25,850 and 25,900.
Even in this session, the real worry, though, comes from the broader markets; the Nifty Midcap 100 index is down a staggering 600 points, falling to the zone of 58,800. In addition, the Nifty Smallcap 100 index is also down over 1%
Continue to watch for IndiGo after a seven-day fall that has wiped out $5 billion in market capitalisation. Also, the EMS stocks led by Kaynes Tech, which is in the F&O ban but continue to fall.
Watch this space for all the live updates.
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