Nifty Loses 4-Day Streak: ₹12 Lakh Crore Wiped

Nifty's 4-Day Losing Streak Erases ₹12 Lakh Crore in Wealth ₹12 lakh crore. Gone in four sessions. The BSE Sensex shed nearly 1,500 points on May 12, 2026, closing out its worst four-day run in months and pushing the Nifty50 to the lower edge of its 23,800–24,400 consolidation range. The NSE Advance-Decline ratio printed at 1:6 — meaning for every stock that gained, six fell. That's not a correction. That's a rout. This wasn't a sector-specific sell-off driven by one bad earnings print or a single regulatory shift. Selling was broad and fast. Heavyweight names dragged the index down in tandem, and retail portfolios didn't have anywhere to hide. The Nifty is now at a level where technical analysts say the next move matters more than the last four days combined. What the Charts Are Saying — and Why 23,550 Is the Number to Watch Nifty's current position at the lower band of the 23,800–24,400 range is technically significant. A confirmed close below 23,800 would invalidate the consolidation structure that's held since early Q1 2026. Analysts at Kotak Securities and ICICI Direct have flagged 23,550 as the next meaningful support — a level that aligns with the 200-day moving average on the daily chart. If 23,550 breaks on volume, the conversation shifts from "correction" to "trend reversal." Market breadth at 1:6 is the detail that stings most here. On a normal down day, you'd expect something closer to 1:2 or 1:3. A 1:6 ratio means mid-caps and small-caps are getting hit harder than the headline index suggests. Investors tracking only the Nifty number are likely underestimating the actual damage in their portfolios. Stock-Level Damage: HDFCBANK, Reliance, and Bajaj Finance Under Pressure [HDFC Bank](/stock/HDFCBANK) (NSE: HDFCBANK), the index's largest private-sector bank by weight, has faced sustained selling pressure through this stretch. Any continued weakness in HDFCBANK directly amplifies Nifty losses given its index weight. Watch whether it holds its own 52-...