Subscription traps to hidden charges: Dark patterns are plaguing the UPI boom

 The market extended losses for a sixth consecutive session with the benchmark indices hitting a new 52-week low on June 17, dragged by auto, FMCG, IT, pharma and oil & gas stocks.

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"The Nifty50 seems to have marginally breached possible three-month-old channel support. Hence, going forward unless it recovers and sustains above 15,360 levels the trajectory of this market shall remain sideways with a negative bias," Mazhar Mohammad, Founder & Chief Market Strategist at Chartviewindia said.

If the index slips below 15,183 in the next session, weakness can extend to 14,900. But, as the Nifty has fallen around 1,500 points, from the highs of 16,793, in the last 10 days, most momentum oscillators have not only reached oversold levels but some are displaying positive divergence on the lower time-frames, the market expert said.

Hence, according to him, the next session can belong to bulls but short-term traders should wait for more stability before initiating a trade.

The broader markets underperformed frontline indices, with the Nifty midcap 100 and smallcap 100 indices declining 1.16 percent and 0.8 percent respectively. More than two shares declined for every share rising on the NSE.

The volatility dipped a bit but was still above 20 levels, suggesting volatile swings ahead. India VIX, an indicator of expected volatility, the fear index fell 0.48 percent to 22.76 levels.