New Delhi, Oct. 26 -- With India's equity market under fresh pressure last week, after briefly recovering from a new 52-week low earlier this month, analysts are turning their attention to a level Nifty 50 hasn't tested since April last year.

That level is 21,743.65, the intraday low touched on 7 April last year, before the US tariff war intensified and India also began being seen as an anti-artificial intelligence (AI) trade, resulting in massive foreign portfolio investor (FPI) outflows.







That low involved a 17.25% drawdown in Nifty from a high of 26,277.35 on 27 September 2024, with FPIs selling cash shares worth Rs.2.85 trillion between October 2024 and March 2025.

Analysts expect the level to hold for now, but warn that a bre...