Indian equity benchmarks extended their decline on Tuesday, with the NSE Nifty 50 and BSE Sensex falling to fresh six-month lows as the market remained under pressure following the sharp sell-off in the previous session.
The Nifty 50 declined 64.05 points, or 0.28%, to close at 22,716.20. The index slipped to its 200-week moving average, currently around 22,600. According to Rupak De, senior technical analyst at LKP Securities, a decisive break below this level could lead to a sharper correction.
