Market Plunges for Fourth Session; Nifty Below 25,700, Experts Predict Further Weakness

• Indian benchmark indices closed lower for the fourth consecutive session on January 9, with Nifty slipping below 25,700.
• Sensex fell by 604.72 points (0.72%) to 83,576.24, and Nifty dropped by 193.55 points (0.75%) to 25,683.30.
• The market recorded its biggest weekly decline in three months, with BSE-listed companies losing over 15 lakh crore rupees in market capitalization.
• Technical analysts predict further weakness for Nifty, with potential declines to 25,400 if 25,700 support breaks, and resistance at 25,900.
• Experts advise a selective approach with controlled position sizing due to negative market sentiment and a weak short-term trend.

Why It Matters: Indian markets extended losses for a fourth session, with Nifty closing below 25,700, and experts foresee continued weakness.