Nifty tests 22k level, investors may see more pain

DOMESTIC equity market benchmark index, the NSE Nifty50, tested the 22,000 level on Monday, hitting an intraday low of 22,004.70.

- ARSHAD KHAN @ New Delhi

DOMESTIC equity market benchmark index, the NSE Nifty50, tested the 22,000 level on Monday, hitting an intraday low of 22,004.70. This underscores the potential for further pain for investors in the coming sessions.

Over the past five months, the index has breached multiple resistance levels, leaving most experts uncertain whether the selling spree has bottomed out or will persist.

The Nifty50 fell for the ninth consecutive session on Monday, closing at 22,119.30, down 5 points or 0.02%. Similarly, the BSE Sensex ended 112 points or 0.15% lower at 73,085.94.