Sensex Today | Stock Market LIVE Updates: Indian Markets Struggle Amid Selling Pressure
The Indian stock market faced a significant setback on Friday, marking its worst trading session in nearly five months. The Nifty 50 extended its longest monthly losing streak since 1996, raising investor concerns about the market’s near-term outlook.
Key Market Trends:
- The Sensex and Nifty witnessed sharp declines as weak domestic cues and persistent selling pressure weighed on investor sentiment.
- The Nifty 50 has now registered consecutive monthly losses, underscoring the impact of global uncertainties, foreign portfolio investor (FPI) outflows, and domestic headwinds.
- Broader market weakness persisted, with multiple sectors facing strong resistance and technical pressure.
What’s Driving the Market Decline?
Several factors have contributed to the market downturn, including:
- FPI Sell-Off: Foreign investors continue to offload Indian equities, adding to the downward pressure.
- Global Headwinds: Uncertainty in global markets, including rising US bond yields and a strong US dollar, has affected risk appetite.
- Domestic Challenges: Concerns over corporate earnings growth and macroeconomic stability have further dampened sentiment.
Key Resistance & Support Levels to Watch
- The Nifty 50 is facing strong resistance at 22,500 and 22,800, with heavy Call Open Interest at these levels.
- Critical support levels will be crucial in determining whether the market stabilizes or continues its downtrend.
Market Outlook & Strategy
- Analysts suggest a cautious approach, advising traders to sell on rallies rather than chase short-term gains.
- A breakout above 23,000 could trigger renewed buying interest, while further downside risks remain if selling pressure persists.
- Economic data, including India’s 6.2% GDP growth and ₹1.84 lakh crore GST collections, may provide some stability, but market sentiment remains fragile.
As global and domestic uncertainties continue to weigh on sentiment, market participants will closely monitor key technical levels and macroeconomic trends for further direction.
