NIFTY tends to follow the DJI in strange ways. It tends to hesitate when there is major a correction on the DJI by a few hours, and it's like major panic follows an they dump stock. Similar picture seen on the DAX and AUS200.
The Indian economy is in a mess, and recently propped up (like in the US) by the hot air of reckless money printing. I can only suspect that live players in the NIFTY are major gamblers. COVID is decimating India. As reality comes to bite - confidence in its top 50 is likely to wane.
But I don't know when the next downpour of rain in my area will start, so don't ask me when the NIFTY is likely to make a major sustained movement south.