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Indian Markets Rally: End to 8-Week Slump
12 Oct
Summary
- Indian stock markets ended an eight-week losing streak.
- Nifty 50 and BSE Sensex showed modest gains last week.
- FII outflows and global yields remain key market concerns.
Indian stock markets are entering the trading week of October 12-16, 2026, with a sense of cautious optimism. This sentiment follows the benchmark indices snapping an eight-week losing streak, marking the longest run of weekly declines in approximately 25 years. The Nifty 50 concluded at 22,520, and the BSE Sensex at 72,472, both experiencing gains of around 0.5-0.8% during the previous week.
Despite the recent recovery, the market outlook remains uncertain. Key factors influencing sentiment include continued foreign institutional investor (FII) outflows, fluctuating global bond yields, crude oil price movements, and currency trends. The ongoing September-quarter earnings season will also play a crucial role in shaping investor decisions.
For the Nifty, the 22,150-22,200 zone represents an important support area in the upcoming week. Key resistance levels to watch are 22,750 and 23,000. The Bank Nifty, after six consecutive weeks of declines, saw a 1.48% gain last week and is currently in a consolidation phase. A sustained recovery for the Bank Nifty hinges on reclaiming its 21-day EMA near 55,520, with 53,800 acting as a crucial support level.
