Nifty Plunges, Breaches Key Supports: Will 200-DMA Hold Amid Widespread Sell-off?

• Nifty 50 fell 1.41% to 25,232, marking its lowest close since October 2025 and steepest single-day decline since May 2025.
• Market capitalization of BSE-listed companies shrank by over ₹20 lakh crore in 2026 due to the sell-off.
• All sectoral indices ended lower, with realty, consumer durables, and auto stocks being the worst performers.
• Nifty Midcap 100 tumbled 2.62% and Nifty Smallcap 100 plunged 2.85%, indicating broad market pain.
• Indian rupee depreciated to 90.97 against the dollar due to weak dollar inflows and persistent demand from corporates.

Why It Matters: Nifty faces critical test at 200-DMA as market sentiment remains fragile amid widespread selling.