Nifty 50 index maintains 160-day slump below 200-day moving average

The Nifty 50 index has remained below its 200-day moving average for 160 consecutive trading sessions, marking the third-longest such streak on record and the longest since January 2012. As of October 22, the index closed at 22,687.65, approximately 6 per cent below its 200-day average of 24,136.

Despite this extended period of weakness, the index remains 14 per cent below its 52-week high of 26,373.20, which was established on January 5. The index is currently 2.3 per cent above its 52-week low of 22,179.90, recorded on October 8. The Sensex also saw a decline during the same session, closing at 73,249.39.