Indian equity markets show 'structural resilience' amid FII outflows The Indian stock market faced sustained selling pressure due to escalating geopolitical tensions in West Asia, yet the Sensex and Nifty indices closed higher on the final trading day of the week. The Nifty ended at 23,114, gaining 0.49 per cent, while the Sensex rose 324 points or 0.44 per cent to 74,532. Despite a decline of 0.04 per cent during the week, the indices showed resilience amid ongoing market volatility. Sectoral performance varied, with Nifty IT and PSU Banks leading gains. Metal stocks also attracted strong buying interest, as the Nifty Metal index surged over 2 per cent. Analysts attributed this to positive brokerage commentary and improved demand outlooks. Broader indices, however, diverged from the benchmarks, with the Nifty Midcap100 rising 0.06 per cent while the Nifty Smallcap100 fell 1.11 per cent. The Indian rupee hit a record low of Rs 93.49 against the US dollar, driven by high dollar demand, sustained foreign institutional investor (FII) outflows, and global currency pressures. Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, noted that the near-term outlook remains cautious, citing elevated crude oil prices and ongoing geopolitical tensions in West Asia. FIIs recorded cumulative outflows of Rs 81,263 crore over the past 13 sessions, further weighing on sentiment. Analysts highlighted key resistance and support levels for the Nifty, with 23,850 as the immediate resistance followed by 24,000 and 24,150. On the downside, 22,950 and 22,700 were identified as crucial support levels. The index has declined nearly 13 per cent from its all-time high, signaling a significant corrective phase in the broader market.#sensex #indian_stock_market #motilal_oswal_financial_services #nifty_indices #rbi
