Why are stock markets down today? Sensex slumps over 600 pts, Nifty below 25,350

Rupee Voice view: Indian equities signalled a risk-off tone. Our read of intraday structure suggests defensive names (FMCG, Pharma) relatively resilient.

• Context: Likely drivers: global tech moves, US yields/dollar swings, commodity cues, and domestic ETF/FII flows.
• Key levels: Nifty: 25,500–25,750; Sensex: 84,100–84,900 (watch these for breakouts/fakeouts)
• Tactical take: Expect intraday whipsaws around key data and global risk cues; trade smaller size near levels, add only on confirmation.
• Strategy idea: Neutral-to-mild-bearish bias: consider selling out-of-the-money call spreads on pops; hedge with protective puts below key supports.

Prepared by The Rupee Voice’s research automation. This is an independent, original analysis—not a reproduction of third-party content.