From the doorsteps of 19000, the sustained decline was disappointing, though not unexpected. However, the psychological mark of 18000 failed to trigger a solid bounce, and appears to have rattled traders, prompting talks of 17500-300, also evidenced by Nifty put option activity.
Indian markets struggle to keep pace with global peers amid oil, rupee and geopolitical pressures
Foreign Portfolio Investors have withdrawn significant funds from Indian equities, resulting in notable market losses. Meanwhile, domestic mutual fund inflows have provided some support, mitigating