The sell-off mirrored the global tech rout, as South Korea’s KOSPI crashed 10%, triggering circuit limits, with Samsung Electronics and SK Hynix tumbling over 12% on reports of chip expansion slowdown. The sharp fall in KOSPI spilled into US futures, with Nasdaq contracts down 700 points, S&P 500 off 100, and Dow futures lower by 360. On Dalal Street, barring pharma, all sectoral indices traded in the red. Analysts highlighted Nifty support at 23,800–23,900, while resistance remains near the 24,200 mark.
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