Last Week’s Performance
Indian stock markets (Sensex and Nifty) ended lower after two weeks of gains. The Nifty fell by 1.87% to 23,897.95, and the Sensex dropped 2.33% to 76,664.21. Markets faced pressure due to rising geopolitical tensions and cautious comments from big IT companies.
Key Levels to Watch
- Resistance: 24,000, 24,150, 24,350
- Support: 23,800, 23,700
- A break below 23,500 could lead to more selling.
What Will Move Markets This Week?
- US Federal Reserve Meeting (April 28–29): The Fed is expected to keep interest rates unchanged for the third time in a row.
- Q4 Earnings Season: Over 200 companies will announce their results. Investors will look for clues on demand, profits, and sector trends, especially after weak guidance from IT firms.
- US-Iran Tensions: Any escalation or de-escalation could impact global markets and investor mood.
- Crude Oil Prices: Volatile oil prices, driven by supply concerns and US-Iran talks, will influence market direction.
SEBI Disclaimer
Investment in securities market are subject to market risks. Past performance is not indicative of future results. This article is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions. The information provided is based on current market conditions and may change without notice. The author and publisher are not responsible for any losses incurred based on the information provided herein.
