Stock Benchmarks Slide 4th Week Over Geopolitical Fears
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Amid mounting West Asia strife, India’s key indices notched a fourth weekly loss, reflecting investor jitters over global uncertainties. Nifty dipped 0.16% to end at 23,114.50, up 0.49% Friday. Sensex lost 0.04% at 74,532.96, boosted by 0.44% or 325.72 points in the close.
A flat start gave way to metal-led recovery mid-week. But oil above $100/barrel kept inflation and deficit fears alive, pressuring sentiment.
Leaders: Nifty IT, PSU Banks, and Metals (up 2%+). Midcaps +0.06%; smallcaps -1.11%.
Rupee at record 93.49/USD amid FII ₹81,263 crore sell-off (13 sessions), dollar power, global cues.
Motilal Oswal’s Siddharth Khemka: Cautious vibes from oil highs, regional tensions. Nifty: Resist 23,850/24,000/24,150; support 22,950/22,700. 13% off ATH signals correction. Bank Nifty: Support 52-53k, resist 54-55k. Volatility reigns.
