Archive · 18 Aug 2026
Sensex falls 281 points as Nifty slips below 20-day SMA
Imagine a big scoreboard that tracks the prices of many companies' shares.
In India, two famous scoreboards are called the Sensex and the Nifty.
On this trading day, the Sensex went down by 281 points.
That means many share prices fell a little bit.
Some groups of companies did better than others.
Companies that build homes and buildings did well, going up by 1.5 per cent.
Companies that make computer software did poorly, losing 1.85 per cent.
The Nifty also closed below an important line called the 20-day average, which traders see as a warning sign.
Experts say the market could bounce back if it stays above 78,000.
But if it falls below 77,500, prices might drop even more.
The Sensex fell 281 points as benchmark indices remained range-bound.
The Realty index outperformed, rallying 1.5 per cent.
The IT index lost the most, shedding 1.85 per cent.
Nifty closed below its 20-day Simple Moving Average, forming a bearish candle on daily charts.
Kotak Securities sees 78,000 as immediate resistance, with a break below 77,500 likely to accelerate selling.
- Who
- Indian stock market investors; analysis from Shrikant Chouhan, Head - Equity Research at Kotak Securities
- What
- Benchmark indices Sensex and Nifty fell, with the Sensex down 281 points and Nifty closing below its 20-day SMA
- When
- During the latest trading session (specific date not stated in the article)
- Where
- Mumbai, India
- Why
- Technical weakness: Nifty formed a bearish candle and closed below the 20-day SMA, signaling negative momentum
- Benchmark
- Sensex down 281 points
- Realty index
- Outperformed, +1.5%
- IT index
- Worst performer, -1.85%
- Nifty technical signal
- Closed below 20-day SMA; bearish daily candle
- Immediate resistance
- 78,000
- Upside target
- 80,200-80,500
- Downside trigger
- Break below 77,500
- Retest levels
- 77,200-77,000