Indian markets snap 8-week losing streak, raising Sensex and Nifty outlook questions.
Context
What happened: Indian equity markets ended an eight-week losing streak, the longest in 25 years, as benchmarks recovered on buying in IT, FMCG, automobile and financial stocks.
Key numbers: Sensex gained 562.63 points, or 0.78%, to 72,472.33 for the week. Nifty 50 rose 98.5 points, or 0.43%, to 22,520.45. FIIs sold equities worth ₹30,294.29 crore; DIIs bought ₹30,313.48 crore.
Why it matters: Analysts see the rebound as a break in the downtrend, not a confirmed reversal. Religare Broking's Ajit Mishra flagged 22,200-22,400 as key support, with a hold supporting recovery toward 23,000-23,300.
What changed
Indian equity markets ended an eight-week losing streak, the longest in 25 years, as benchmarks recovered on buying in IT, FMCG, automobile and financial stocks.
Why it matters
Analysts see the rebound as a break in the downtrend, not a confirmed reversal. Religare Broking's Ajit Mishra flagged 22,200-22,400 as key support, with a hold supporting recovery toward 23,000-23,300.