Indian stock markets began the week on a positive note, tracking gains in other Asian markets. However, persistent foreign portfolio investor (FPI) outflows and concerns over potential tariff hikes continue to weigh on investor sentiment.
As of 12:15 IST, the Sensex rose by 338.69 points to 81,643.74, while the Nifty 50 climbed 106.25 points to trade at 24,976.40, both up 0.42%.
Analysts noted optimism in Asian markets driven by expectations of U.S. interest rate cuts, while Indian equities are dealing with pressure from global trade risks and continued foreign selling. The Nifty 50 fell 213 points in the previous session but still posted a weekly gain of 0.97%. Technically, the index formed a “shooting star” candlestick, hinting at possible weakness but lacking strong bearish signals.
Key support lies between 24,673 and 24,850, while resistance is at 25,153. A breakout above this could push the index toward 25,355 and 25,500. Bank Nifty remains weaker, with resistance at 56,000 and support around 54,900.
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