📉 Indian Stock Market Update: What Happened Last Week?
Six Weeks of Falls: Indian stock markets ended lower for the sixth week in a row, with Sensex and Nifty dropping nearly 0.5%.
Weak Start: The week began poorly due to US-Iran tensions and rising oil prices, causing investors to sell stocks.
Midweek Recovery: Markets bounced back midweek as fears of immediate escalation eased and oil prices cooled slightly.
Volatility Stayed High: Markets remained unstable due to:
- Uncertain global news
- Foreign investors pulling out money
- Inflation worries
- Weakening rupee
Weekly Close: Nifty: 22,713.10
Sensex: 73,319.55
Sensex: 73,319.55
🔍 Technical Outlook for Nifty:
Support: 22,150–21,900
Resistance: 23,000–23,500
RSI (Weekly): 27.88 (indicating weak momentum)
📈 What to Watch Next Week?
RBI Policy Meeting: The Monetary Policy Committee (MPC) meets from April 6–8 for its first session of FY27. Their decision could impact interest rates and market sentiment.
US-Iran Tensions: The conflict is getting worse, with reports of military escalation and warnings from Donald Trump. Any further worsening could hurt global markets.
Crude Oil Prices: Brent crude is now at $109/barrel (up over 50% since late February) due to disruptions in the Strait of Hormuz. This could push up inflation and costs for Indian companies.
⚠️ Disclaimer:
This is for information only, not financial advice. Markets are risky; past performance doesn’t guarantee future results. Always consult a licensed financial advisor before investing.
This is for information only, not financial advice. Markets are risky; past performance doesn’t guarantee future results. Always consult a licensed financial advisor before investing.
