Nifty Dips Below 25,600 Amidst Weak Earnings; 25,500 Crucial Support

• Nifty fell 108 points to close at 25,585, marking its lowest in the current correction and nearly 3% down from its all-time high.
• Weak quarterly earnings from index heavyweights like Reliance Industries and ICICI Bank drove the sell-off, with Wipro shares plunging over 9%.
• Broader markets mirrored the weakness, with Nifty Midcap 100 down 0.37% and Nifty Smallcap 1% lower.
• Technically, Nifty remains under bearish control below its 20-day EMA; a break below 25,500 could accelerate fall to 25,200.
• IMF revised India's FY26 GDP growth forecast upward to 7.3%, but geopolitical tensions remain a market overhang.

Why It Matters: Nifty faces critical support at 25,500; a breach could lead to further declines despite positive GDP outlook.