Nifty 50 selloff and support breakdown
The Nifty 50 fell 12% from its September 2024 peak; Metals and PSU Banks outperformed, while Technology, Consumer, Media and Real Estate lagged. The index then fell for seven straight weeks, wiping out nearly $250 billion in market value.
Timeline
Tuesday, 29 September
- Nifty 50 is breaking long-held supports as selloff deepens
Nifty 50 fell for seven straight weeks, wiping out nearly $250 billion in market cap
Monday, 28 September
- Nifty 50 down 12% from September 2024 peak: Motilal Oswal
Nifty 50 is down 12% from its September 2024 peak
