Indian equity markets deepened their slide on Thursday, with both the Sensex and Nifty 50 slipping below their 50-day exponential moving averages for the first time in more than a month.
The technical breakdown underscores a shift in momentum, as domestic selling pressure overwhelmed buying interest during midday trade.
On Tuesday, the Sensex had already slid more than 520 points, while the Nifty 50 breached the 24,000 level amid weakness in the information technology sector.
Adani Enterprises and Cipla emerged as the primary drivers of the decline, leading losses across the benchmark indices.
The weakness in these large-cap names contributed to the broader erosion of support levels, signaling that the sell-off is not confined to a single sector but is affecting market leaders.
This development extends a period of volatility that began earlier in the week.
On Tuesday, the Sensex had already slid more than 520 points, while the Nifty 50 breached the 24,000 level amid weakness in the information technology sector.