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Indian Stocks Rebound After Six-Week Slump, Eyeing Key Events Ahead
16 Aug
Summary
- Indian benchmarks end 1% higher after six-week losing streak
- Nifty reclaims 100-DMA, awaiting decisive move above 21-DMA
- Investors focus on Trump-Putin talks and Modi's GST reform announcement
In the week leading up to August 17, 2025, Indian benchmark indices have finally ended their six-week losing streak, rising 1% higher. The Nifty index closed at 24,631.30, reclaiming its 100-day moving average (DMA) support, which is now seen as an immediate support level.
Analysts note that the markets have staged a strong rebound, with the Nifty forming a bullish candlestick pattern on the weekly chart. However, a decisive move above the short-term 21-DMA at 24,770 is crucial to unlock further upside towards the 25,000 level. The technical indicators also suggest improving momentum, though a clear confirmation of a trend reversal is still awaited.
Investors are now closely watching a host of important domestic and global events scheduled for the coming week, which are likely to impact the stock markets. These include the understanding reached between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue, as well as Prime Minister Narendra Modi's announcement of major Goods and Services Tax (GST) reforms to be rolled out by Diwali. Experts believe these developments could significantly influence investor sentiment when the markets resume trading on Monday.
