New Delhi, Sept. 16 -- After the extended weekend, the Nifty 50 began Tuesday's session on a positive note but failed to sustain the early Momentum. The index opened 178 points higher on September 15, but selling pressure emerged soon after and strengthened as the session progressed.

Nifty eventually closed 279.50 points lower at 23,118.60, marking its lowest closing level since April 6, 2026. From the intraday high of 23,592, the benchmark corrected nearly 474 points, reflecting a sharp reversal from the early gains.

The pressure continued during the Closing Auction Session, with the index losing another 54 points as sellers remained in control into the close.

The day's price action formed a large bearish candle on the daily chart, re...