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Relief rally in Indian stock market; biggest weekly losing streak in 25 years snapped: What's next for Sensex, Nifty?
Relief rally snaps 25-year weekly losing streak for Sensex, Nifty.
Context
What happened: Indian equities rebounded after their biggest weekly losing streak in 25 years. The Nifty 50 rose 1.30% on Friday, its biggest single-day gain since August, and the Sensex ended the week 0.78% higher.
Key numbers: Nifty weekly gain 0.44%.
Why it matters: Analysts called the move a relief rally from oversold levels, not a confirmed trend reversal. They cited persistent foreign outflows, elevated bond yields and awaited CPI data as factors tempering the recovery outlook.
What changed
Indian equities rebounded after their biggest weekly losing streak in 25 years. The Nifty 50 rose 1.30% on Friday, its biggest single-day gain since August, and the Sensex ended the week 0.78% higher.
Why it matters
Analysts called the move a relief rally from oversold levels, not a confirmed trend reversal. They cited persistent foreign outflows, elevated bond yields and awaited CPI data as factors tempering the recovery outlook.