Indian equities: What direction might the Sensex and Nifty 50 take this week as Middle East tensions persist?

The domestic stock market experienced significant swings over the past week, influenced by rising geopolitical stress in the Middle East, the US Federal Reserve’s policy meeting, and updates from other global central banks. Here’s a look at the market outlook, possible trading approach, and key technical levels for the upcoming week. Benchmark indices ended the week on a subdued note. The Nifty 50 slipped 0.16% to close at 23,114.50, while the Sensex dipped 0.04% to finish at 74,532.96. Indian equity markets went through a turbulent yet gradually stabilising phase, with investor sentiment showing mild recovery after the sharp decline seen earlier. Although tensions in the Middle East remained high, a slight easing in crude oil prices helped cushion further losses, allowing indices to hover around important support levels. Still, trading sessions were marked by sharp intraday movements, largely influenced by geopolitical developments and fluctuations in oil prices. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.