Besides Godavari, which flows through the city, water levels in many rivulets - which too were in spate - have started coming down, said an official release.
Due to the swollen Godavari and streams, many areas in the district were inundated and the ancient temples on the banks of the river were submerged.
An NDRF team, headed by an assistant commandant, rescued a total of 72 people trapped in flood at Karanjgaon and Chandori villages today, according to the release.
State Water Resources Minister Girish Mahajan visited Victoria bridge on Godavari river here to supervise flood situation earlier today.
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Nashik Municipal Corporation Commissioner, Abhishek Krishna, visited flood-affected areas at Dahipul, Saraf Bazaar, Bohorpatti in Old Nashik.
Last evening, panic gripped citizens as Godavari crossed the danger mark. The situation compounded after authorities opened gates of Gangapur dam near the city to release the excess water, causing water-logging in many low-lying areas.
The administration had apprised army of the situation and sought its help.
The department had opened all seven doors of the Nandur Madhmeshwar dam causing flood in Chandori and Saykheda villages.