Stock Market Plunges: Nifty Nears Critical 200-DMA Amid Global Tensions

Share Market
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CNBC Awaaz•20-01-2026, 22:10
Stock Market Plunges: Nifty Nears Critical 200-DMA Amid Global Tensions
- •Nifty dropped over 350 points on Tuesday, marking its second consecutive session of decline and closing at 25,232.
- •The index is now approaching its 200-DMA around 25,100, a critical support level.
- •Experts warn that a break below 200-DMA could lead to further declines towards 24,800-24,900.
- •Geopolitical tensions and disappointing quarterly results are cited as key reasons for the market downturn.
- •Institutional selling and transatlantic trade tensions are contributing to the bearish sentiment.
Why It Matters: Nifty faces significant downside risk as it tests crucial support levels amid global and domestic pressures.
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