Nifty Extends Losses for Second Straight Session as Crude Prices Surge.
A 70-point uptick during the CAS settlement helped the index protect the crucial 24,000 support. The 24,200–24,250 band is likely to continue acting as strong resistance, where multiple moving averages are clustered. A sustained close below 24,000 could drag the index toward the next support band of 23,823–23,890.
Sectoral performance was mixed. IT, FMCG and Oil & Gas outperformed, whereas Healthcare, Pharma, Realty and Consumer Durables faced selling pressure and closed as the top losers.
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