D-Street Ahead: How will the Indian stock market move next week? Key technical levels for Nifty, Sensex
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1 month ago

D-Street Ahead: How will the Indian stock market move next week? Key technical levels for Nifty, Sensex

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D-Street Ahead: Domestic equity benchmarks Sensex and Nifty 50 extended their losing streak for the fourth straight day to record weekly losses, dragged by auto, banking, and pharma stocks on uncertainty over the impact of US trade policy, weaker rupee against dollar and relentless foreign fund outflows. Indian stock market's performance last week On the weekly front, the Sensex declined 628.15 points or 0.82 per cent and the Nifty went lower by 133.35 points or 0.58 per cent. In four trading days, the Sensex fell 685.8 points or 0.90 per cent while the Nifty dropped 163.6 points or 0.71 per cent. Pharma stocks have lost 2.1 per cent this week after US President Donald Trump said he intends to impose at least 25 per cent tariffs on the sector. D-Street trading strategy for next week The volatility index, India VIX, cooled off by 1.03 per cent to 14.53, indicating a decline in market volatility.

History of this topic

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