Longest on record! Nifty fails to cross previous day's high for 12 straight days. Will it surpass today?
Economic Times 39 min ago·20 Aug 2026, 3:07 am
The Nifty 50 index has entered an unusual phase, failing to close above its previous day's high for the twelfth consecutive session. This rare streak marks the longest such period in recent market history, signaling a distinct lack of upward momentum despite underlying strength.
For investors, this pattern suggests a market stuck in a consolidation phase. While the index has not broken down, the inability to make new highs indicates that buyers are hesitant to push prices higher. This often happens when investors wait for clearer direction on key factors like global crude oil prices and domestic liquidity conditions.
Going forward, the immediate focus will be on whether the index can finally break this psychological resistance. Market participants will closely watch global cues and domestic liquidity to see if a fresh buying push emerges to end this record streak.
Key takeaways
- Category: Results.
- Flagged as a high-impact, market-moving story.
Why it matters
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