Indian stock market: The Indian stock market closed the week largely flat with a slight negative bias, indicating cautious sentiment among participants. While the first three sessions maintained a positive tone, a sharp sell-off on Thursday wiped out earlier gains, followed by a volatile final session.
Finally, the Nifty 50 slipped 0.16% to end at 23,114.50, while the BSE Sensex dipped 0.04% to settle at 74,532.96, for the week.
According to Ponmudi R, CEO – Enrich Money, the Indian equity markets witnessed a highly volatile yet stabilizing week, with sentiment showing signs of short-term relief following last week’s sharp correction.
Ponmudi noted that the geopolitical tensions in the Middle East continued to remain elevated, some moderation in crude oil prices helped limit further downside, enabling indices to consolidate near key support zones. However, the week was largely marked by sharp intraday fluctuations, driven by ongoing geopolitical developments and continued volatility in crude oil prices.
Stock Market Outlook next week
Experts believe that markets are likely to remain highly volatile and event-driven, with near-term direction largely contingent on developments in the Middle East, particularly the evolving situation around the Strait of Hormuz, in the coming week.
“Any prolonged disruption could keep crude prices elevated above the $100 mark, intensifying inflationary and current account pressures while sustaining a risk-off sentiment. FII flows, rupee movement, and global cues—including US dollar strength and broader market sentiment—will be key variables to monitor. Any signs of de-escalation or easing in crude prices could trigger short-covering or relief rallies, while renewed escalation may lead to further downside pressure,” Ponmudi added.
(This is a developing story)
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