Sensex, Nifty Slip After Flat Start; Investors Eye Key Support Amid Selloff

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Moneycontrol•09-01-2026, 09:48
Sensex, Nifty Slip After Flat Start; Investors Eye Key Support Amid Selloff
- •Sensex and Nifty slipped into losses early Friday after a flat start, continuing the struggle post-Thursday's sharp selloff.
- •Market breadth was negative, with 1,887 stocks declining against 964 advances; midcap and smallcap stocks also traded lower.
- •Mixed global cues, including varied US market performance, mixed Asian markets, and rising crude oil prices, added to market uncertainty.
- •Key sectors like Realty, media, pharma, and private banking lagged, while IT, PSU banks, and oil & gas offered limited support.
- •Nifty's crucial support is at 25,800-25,700, with 26,000-26,050 acting as immediate resistance; FIIs sold Rs 3,367 crore, DIIs bought Rs 3,701 crore.
Why It Matters: Indian markets remain cautious, with Sensex and Nifty testing key support levels after recent selloff.
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