New Delhi, Jan. 28 -- Nifty 50 on 27 January: A recap

The Nifty 50, India's benchmark index, extended its losing streak for a second consecutive session on Monday, 27 January, closing below 22,829.15. The index opened the day with a gap-down at 22,940 and remained range-bound between 22,786 and 23,007. The broad-based selloff was driven by uncertainty surrounding US trade policy and persistent selling by foreign institutional investors (FIIs). All major sectoral indices ended in the red, with the advance-decline ratio heavily tilted towards decliners, settling at approximately 1:10.

On the technical front, the index breached its 10-session consolidation range with the gap-down opening, closing below the key 23,000 mark-the lower boundar...