Market Dips Second Day; Nifty Below 26,200, Investors Lose ₹2 Lakh Cr. What's Next?

• Indian benchmark indices, Sensex and Nifty, closed lower for the second consecutive session on January 6, with Nifty slipping below 26,200.
• The Sensex fell 376.28 points (0.44%) to 85,063.34, and Nifty dropped 71.60 points (0.27%) to 26,178.70.
• Investors lost over ₹2 lakh crore as BSE-listed companies' market capitalization decreased from ₹481 lakh crore to ₹479 lakh crore.
• IT, Pharma, PSU Bank, and Metal sectors saw gains, while Infra, Media, Oil & Gas, and Capital Goods declined. Reliance Industries was a top Nifty loser.
• Experts predict Nifty to remain in a consolidation phase for January 7, with support at 26,100-26,150 and resistance at 26,400-26,450; range-bound trading expected.

Why It Matters: Indian markets saw a second day of decline, losing ₹2 lakh crore; experts predict consolidation ahead.