Indian stock markets ended last week with heavy losses as global uncertainty weighed on investor sentiment. The Sensex dropped 1,092 points to close at 74,775 while the Nifty 50 slipped 359 points to settle at 23,547. Selling pressure in the final hour was triggered by MSCI rebalancing and concerns over rising tensions between the United States and Iran.
Analysts expect volatility to continue in the coming week. Crude oil prices, foreign fund flows and global cues will play a major role in shaping market direction. Domestic liquidity may provide some cushion but indices remain vulnerable below key resistance levels.
Experts advise traders to stay cautious and adopt strict risk management. Hariprasad K of Livelong Wealth said global developments are overshadowing company fundamentals and selective stock picking is important. Ajit Mishra of Religare Broking noted that energy, commodities and domestic themes show resilience but warned against excessive leverage. Ponmudi R of Enrich Money highlighted Sensex resistance near 75,800 to 76,700 and support around 74,200 to 74,500. Hitesh Tailor of Choice Broking pointed to Nifty resistance at 23,900 to 24,100 and support at 23,200 to 23,400.
Bank Nifty closed at 54,239 with mild gains. Support lies near 53,555 to 53,900 while resistance is seen around 55,000 to 55,300.
Traders are advised to remain hedged, focus on stock specific opportunities and watch global developments closely.
