Benchmarks Fall; Nifty Next 50 Gains

Indian equity benchmarks fell for a fourth straight session as profit-taking in banking, auto and capital goods, persistent foreign fund outflows and concerns over higher US H‑1B visa fees weighed on sentiment. The Sensex dropped 386.47 points to 81,715.63 while the Nifty settled at 25,056.90, with midcap and smallcap gauges underperforming the large-cap indices. CPSE and FMCG were the only sector gainers, while realty and capital markets lagged; Power Grid and Hindustan Unilever were among the top advancers and Tata Motors and Bharat Electronics among the top decliners. Technically, the Nifty found support near 25,045–25,050 (also the 38.2% Fibonacci retracement and the 20‑day EMA) and remains above its 20/50/100/200‑day EMAs, though a sustained close below 25,000 could open a fall toward about 24,800. The Bank Nifty slipped below its 50‑day EMA (≈55,190–55,200), making the 55,100–55,000 zone crucial and warning that a breach under 55,000 may drag it toward 54,500. In intraday trade the Nifty Bank was around 55,305 (opened 55,387) and the Nifty Next 50 gained 0.32% to close at 69,962.30, signaling some rotation within large‑cap cohorts.