Market outlook: Indices vulnerable to further declines
after close1 source ↓written by the desknot a recommendation
- last week
- 2%
- Bank index fell
- 1.33%
- net outflow
- $602 million
- Nifty
- 23,250-23,200
The Nifty 50 and Sensex dropped over 2% last week, while the Nifty Bank index fell 1.33%. Foreign Portfolio Investors sold Indian equities for the second week, resulting in a net outflow of $602 million. Immediate support for Nifty is at 23,250-23,200, with resistance likely capping any upward movement.
Not investment advice. For informational purposes only.