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Context
What happened: GIFT Nifty signalled a muted start for Indian equities on Monday, 26 October, after Sensex and Nifty 50 ended lower on Friday amid broad-based selling, elevated crude oil prices and subdued global cues.
Key numbers: Nifty 50 settled at 22,600, down 87.65 points
Why it matters: Ajit Mishra of Religare Broking said the sustained weakness shows the previous week's recovery has lost momentum, with investors becoming selective amid global uncertainties and the earnings season. Choice Broking sees the Sensex in a 72,300 to 73,800 range with a sideways bias and negative undertone.