Stock Market Highlights: Sell-off on D-Street; Carnage across Small and midcaps, Sensex, Nifty tank nearly 2% – Market News
“Yesterday’s Nifty movement was slow and uninspiring, much like a tortoise, with a narrow range resembling porcupine spines. This Friday, Gift Nifty indicates a similarly lacklustre start, raising questions about whether market volatility has eased. However, negative catalysts persist, including weakened investor sentiment following Trump’s announcement of a 25% tariff on EU imports and Nvidia’s mixed quarterly results,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
“FIIs have sold over Rs 1,34,165 crore in 2025. On the bright side, WTI oil prices have dipped to $69.50 per barrel, and India VIX stands at 13.30. Technically, Nifty’s strength depends on surpassing the 24,074 mark, with downside risks at 22300 and 21281,” he added.
