Market Downturn: Nifty, Bank Nifty Show No Recovery After Sharp Decline

• Indian markets, Nifty and Bank Nifty, continue to decline after two days of sharp falls, with Nifty dropping below 25200.
• Key stocks like ICICI BANK, INFOSYS, L&T, and HDFC BANK are under pressure, contributing to the market's weakness.
• Chemical, Consumer Durables, and IT sectors are experiencing the highest pressure, with OFSS and Coforge seeing significant drops.
• Gold finance stocks like Muthoot Finance and Manappuram Finance are surging due to a record rally in gold prices, which crossed Rs 1,55,000.
• Experts suggest a bearish outlook for Nifty and Bank Nifty, with Nifty expected to trade between 25,000–25,480 and potential for further decline.

Why It Matters: Indian markets face continued bearish pressure with no immediate recovery signs; experts advise caution and selling on rallies.