The Indian stock market ended its six-week losing streak as oversold conditions and favorable global cues boosted investor sentiment. Both the Nifty and Sensex posted gains of around 1% for the week, although foreign institutional selling kept momentum in check. FIIs offloaded nearly ₹10,000 crore, while DIIs supported the market with strong buying of ₹19,000 crore. Broader markets saw sector-wide recovery, led by pharma and auto stocks, though FMCG underperformed.
Looking ahead, analysts expect multiple global and domestic factors to influence market direction. Key among them are the GST reforms announced by PM Narendra Modi and the “progress but no deal” outcome of the Trump-Putin meeting. Other triggers include the US Fed minutes, concerns over potential Trump tariffs on India, a strong monsoon, and historically low inflation.
Experts suggest GST reforms could boost consumption-related sectors, while any rate cut hints in the Fed minutes may attract FII inflows. Despite concerns over Trump’s tariff threats, India’s diversified economy is seen as resilient. Domestically, easing interest rates and favorable weather conditions are positive signs.
Technically, Nifty’s support lies at 24,350, with resistance around 24,700–24,800. Bank Nifty faces resistance at 55,800, with support at 55,000.
