BusinessPhoto: NDTV BusinessNifty Falls Below 22,400, Signaling Market Trouble
The Nifty 50 index slipped below the 22,400 mark on Monday, losing another key support level after falling below 22,500 earlier. It traded at 22,369.60, down 150.85 points (0.67%) from Friday's close. This decline extends a downward trend of about 7.3% since August 28, amid foreign selling, rising crude prices near $105, and US bond yields at two-decade highs. Experts warn of increasing market volatility and repeated support level breaches.
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