Nifty Plunges for 5th Day, ₹15 Lakh Crore Wiped Out; Experts Predict Next Moves

Business
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Moneycontrol•11-01-2026, 15:26
Nifty Plunges for 5th Day, ₹15 Lakh Crore Wiped Out; Experts Predict Next Moves
- •Nifty closed down 193 points at 25,683 on Friday, marking its fifth consecutive daily fall.
- •The market witnessed its biggest weekly decline since September 2025, dropping 2.45% over five sessions.
- •Approximately ₹15 lakh crore of investor wealth was wiped out from BSE-listed companies last week.
- •HDFC Bank recorded its worst weekly decline since January 2024, losing over ₹1 lakh crore in market cap.
- •Experts predict Nifty could fall to 25,400 or 25,500-25,550 if it stays below 25,700, with strong resistance at 25,900-26,000.
Why It Matters: Nifty's five-day losing streak wiped out ₹15 lakh crore; experts foresee further decline if key support levels break.
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