Pre-Market Outlook: Key Triggers That Could Shape Monday’s Market Movement

Synopsis: Indian equity benchmarks Nifty and BSE Sensex ended Friday’s session deep in the red, weighed down by widespread selling pressure. Auto, financial services, and FMCG stocks emerged as the primary drags, while selective buying interest was visible in the IT pack. Market experts indicate that near-term sentiment may remain cautious. India’s frontline indices the Nifty and the Sensex closed sharply lower following broad-based weakness across sectors. Auto, financial, and FMCG counters led the decline, whereas IT stocks showed pockets of resilience. In a highly volatile session, the Nifty slipped 317.90 points (1.25%) to finish at 25,178.65. The 30-share Sensex plunged 961.42 points (1.17%) to settle at 81,287.19. According to De, the RSI indicator has turned decisively bearish, signaling continued near-term weakness. The index may remain under selling pressure, with any upward bounce likely to attract fresh supply. Immediate support levels are placed at 25,000 and 24,700, while resistance is pegged around 25,400. Global Market Snapshot European equities mirrored the cautious undertone. Spain’s IBEX 35 and France’s CAC 40 fell up to 0.73%. Germany’s DAX ended largely unchanged, while the broader Stoxx 600 gained 0.6%. The UK’s FTSE 100 edged higher by 0.1%. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.