Bears Tighten Grip: Sensex Plunges 780 Pts, Nifty Below 25,900 Amid Global Woes

• Indian equity benchmarks extended losses for the fourth consecutive session on January 8, with Sensex down 780.18 points and Nifty falling 263.90 points, closing below 25,900.
• The market decline was driven by broad-based selling, persistent FII outflows, concerns over potential US tariffs, and rising geopolitical tensions, tracking weak global cues.
• Broader indices like BSE Midcap and Smallcap underperformed, falling 2% each, while all sectoral indices, including metal, oil & gas, power, PSU Bank, and capital goods, ended lower.
• Nifty broke key technical levels, slipping below its rising trendline, the psychological 26,000 mark, and the 50 EMA, signaling a bearish shift and increased market panic (India VIX).
• Analysts predict continued selling pressure, with Nifty potentially testing support levels at 25,700 and 25,550, advising caution due to elevated volatility and global uncertainties.

Why It Matters: Indian markets saw a sharp fourth-day decline, driven by global concerns and technical breakdowns.