Sensex Slips 164 Points, Nifty Below 25,850: Is the Rally Losing Steam?
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Summary: Markets are steady after a six-day rally as HUL, Kotak drag; investors eye key support levels.
After nearly a week of steady gains, the stock market finally hit the brakes today. The Sensex slipped around 164 points, and the Nifty fell below 25,850, signaling a pause after six straight sessions of optimism.
It wasn’t a panic sell-off — more like the market taking a breather. Still, some heavyweight stocks lost ground. Hindustan Unilever dropped over 3%, Kotak Mahindra Bank was down nearly 1.5%, and names like Axis Bank, Power Grid, and Titan also stayed in the red.
Globally, things looked mixed. While U.S. markets ended higher and most of Asia traded in green, Indian investors seemed a bit cautious — perhaps waiting for fresh cues before taking the next step.
Market experts think this pullback isn’t alarming. After such a strong run, a little profit booking was bound to happen. The real test, they say, is whether Nifty can hold its support zone around 25,700–25,750. If it does, the uptrend could resume; if not, a short-term correction might be on the cards.
Resistance is expected near 25,950, which means the index might move sideways for a bit before picking direction again.
For now, it feels like the market’s catching its breath — not collapsing, just resetting. After all, even the strongest rallies need a pit stop before they can keep climbing.
