Weak market start puts key support in spotlight as Siemens, IndiGo, and others move into focus

Markets opened sharply lower, threatening critical technical support levels near 25,800, while Siemens, IndiGo, Piramal Finance, M&M, and Torrent Power drew attention on fresh corporate triggers.

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6 days ago

Weak market start puts key support in spotlight as Siemens, IndiGo, and others move into focus

Weak market start puts key support in spotlight as Siemens, IndiGo, and others move into focus
Trading sentiment turned cautious at the start of the week as benchmark indices slipped nearly one percent, wiping out the previous session’s gains and reviving doubts over the durability of the recent recovery. Technical analysts noted that the index is now testing an important support region near the 20-day exponential moving average around the 25,900–25,950 zone. A decisive breach of the 25,800 level could deepen consolidation and drag the market toward the 25,500–25,650 range.