Relaxo Footwears suffered significant losses today as the Sensex plummeted by 800 points, with the company being a major contributor to the decline. This drop coincides with the Nifty falling below 23,700, a result of general market weakness and foreign institutional investor (FII) selling.

Despite some minor bullish signs, Relaxo Footwears Ltd exhibits a dominant bearish trend, with key indicators demonstrating weakness, suggesting potential selling pressure.