Indian equity markets extended their losing streak to a sixth consecutive session on Tuesday, August 18, with benchmark indices ending lower as persistent geopolitical tensions and elevated crude oil prices continued to weigh on investor sentiment. 63%, from the previous close.

43%, while the Nifty Smallcap100 ended flat. 93% amid concerns that persistently high interest rates could dampen global technology spending.

The Nifty PSU Bank, and Realty indices also declined more than 1% each. 39.

Market breadth remained negative, with 1,924 of the 3,582 stocks traded on the NSE ending in the red, while 1,558 stocks closed higher. 26 lakh crore valuation in record IPO: ReportHere are today’s top gainers on the NiftyAgenciesHere are today’s top gainers on the SensexAgenciesHere are today’s top losers on the NiftyAgenciesHere are today’s top losers on the SensexAgenciesTechnical ViewNifty 50 closed on a weaker note, extending its recent decline and maintaining a cautious technical structure.

After the initial weakness, the index traded in a subdued manner and consolidated for most of the session within the 24,235–24,174 range, indicating limited buying participation. From a broader technical perspective, the index continues to trade within a descending channel, indicating that the near-term trend remains under pressure, said Ponmudi R, CEO of Enrich Money.

The 24,300 zone, Ponmudi said, is likely to act as the immediate resistance. A sustained move above 24,300 could help stabilize the structure and support a recovery towards the 24,400–24,500 region.

“However, failure to reclaim this level could keep recovery attempts vulnerable to selling pressure.”