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Sensex and Nifty slip as investors stay cautious amid consolidation
Sensex fell 0.4% to 77,728.16 and Nifty ended down 0.3% at 24,287.7, while India VIX stayed subdued at 11.3.
India’s benchmark stocks ended lower on Monday, August 17, with investors adopting a cautious stance as markets weighed better-than-expected Q1FY27 earnings against ongoing geopolitical uncertainty, LiveMint Markets reported. The Sensex slid 281 points, or 0.4%, to close at 77,728.16, while the Nifty 50 finished down 78 points, or 0.3%, at 24,287.65.
The report said mid- and small-cap stocks outperformed the benchmarks, with the Nifty Midcap 100 up 0.1% and the Nifty Smallcap 100 gaining 0.4%. It added that Nifty started weak, touched an intraday low of 24,226.95, then recovered but lacked follow-through, reflecting consolidation with RSI around 49.
LiveMint Markets also cited derivatives indicators pointing to a balanced market setup, noting a put-call ratio (PCR) near 1.00 and India VIX at 11.3250. It said call writing between 24,300 and 24,500 could act as an overhead hurdle, while put writing around 24,300 to 24,200 may provide support on declines.
On the technical outlook, the outlet reported that Sumeet Bagadia of Choice Broking flagged 24,160 to 24,250 as a crucial support band that could keep the index in consolidation. Bagadia added that a more meaningful recovery would likely require a sustained move beyond 24,380 to 24,450, while Bank Nifty settled nearly unchanged at 57,497.80 after swinging early to 57,119.60 and later reaching 57,757.25.
Latest closeVIX 14.25 ▼2.6%|Sensex 78,079.96 ▲0.1%