Nifty 50 Drops 165 Points in 4th Straight Red Session

Nifty 50 Bleeds for a Fourth Day — Is the Market Telling Us Something? The Nifty 50 closed at 23,382.60 on June 1, down 165.15 points (-0.70%), extending its losing streak to four consecutive sessions. That's not noise anymore. Four straight red days, broad-based selling across financials, FMCG, and industrials, and foreign institutional investors offloading ₹3,911.68 crore in a single session — this market is sending a clear signal, and investors need to pay attention. The headline number that should concern you isn't the 165-point drop. It's the RSI reading creeping toward 40. Historically, when Nifty's RSI breaks below 40, the selling pressure tends to accelerate before it stabilizes. We're not there yet. But the cushion is thin. Domestic institutional investors (DIIs) bought ₹5,109.13 crore on June 1, which softened what could have been a sharper fall. DII support has been the one reliable shock absorber in this correction. The question worth asking: how long can domestic money keep plugging the hole that FIIs keep digging? FMCG and Financials Bear the Brunt The FMCG sector took a visible hit. [Hindustan Unilever](/stock/HINDUNILVR) (NSE: HINDUNILVR) and [Tata Consumer Products](/stock/TATACONSUM) (NSE: TATACONSUM) were among the session's notable decliners. ITC (NSE: ITC) also closed in the red, continuing its struggle to hold gains made earlier in the year. The FMCG pack's weakness is worth tracking closely — these are defensives, the stocks investors typically rotate into during uncertainty. When defensives sell off alongside cyclicals, it suggests redemption pressure rather than a clean sector rotation. Financials painted an equally uncomfortable picture. [Kotak Mahindra Bank](/stock/KOTAKBANK) (NSE: KOTAKBANK) faced selling pressure, while PSU banks — Union Bank (NSE: UNIONBANK), Punjab National Bank (NSE: PNB), and Canara Bank (NSE: CANBK) — continued to underperform. AU Small Finance Bank (NSE: AUBANK) also declined. Shriram Finance (NSE: SHRIRAMFIN...