Nifty Dips 3% Below All-Time High; Experts Predict Sideways Movement

• Nifty closed at 25,585, down 108 points, marking its lowest level during the current correction and 3% below its all-time high of 26,373.
• Weak quarterly results from heavyweight stocks like Reliance Industries and ICICI Bank, along with over 30 Nifty stocks declining, fueled the market's downward trend.
• Wipro, Reliance Industries, Eternal, and ICICI Bank were top losers, with Wipro falling over 9% and Reliance Industries 3.5%.
• IMF raised India's FY26 GDP growth forecast to 7.3% (up 70 basis points) and FY27 to 6.4%, offering some macro relief.
• Experts predict Nifty may remain sideways, with crucial support at 25,500 and resistance at 25,700; a break below 25,500 could lead to further weakness.

Why It Matters: Nifty is correcting, trading 3% below its peak, driven by weak earnings, with experts forecasting sideways movement.