Indian equities have sold off at the start of this new trading week, with no specific negative news trigger leading the fall.

Markets had rallied on Friday to close the week on a high after the RBI policy delivered a rate cut, something that the market had hoped for. However, the market has given up all of those gains and a lot more.

The Nifty 50 index has slipped below its 20-Day Moving Average (DMA) with 46 stocks on the index trading with losses. The index eventually closed over 200 points lower at 25,960.

The broader market sell-off is steeper, with 94 out of 100 stocks on the midcap index and 96 out of 100 stocks on the smallcap index trading with losses.

The Midcap index is down over 1,200 points and has declined in four out of the last five trading sessions. The index is down 1,

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