Indian Equities End Week on a Weak Note

Indian equities concluded the week under significant selling pressure, with the Nifty dropping below crucial technical levels. This movement has sparked concerns regarding the short-term market trend, as the index fell by 225.10 points, or 0.9%, closing at 24,837 and marking a weekly loss of 0.5 percent.

Upcoming Week: Key Events to Watch

The upcoming week is packed with pivotal domestic and global events that are expected to influence investor sentiment. Highlights include the Federal Reserve policy meeting, the expiry of the US tariff pause deadline, and a series of corporate earnings from major Indian and global companies.

Technical Analysis and Market Sentiment

Rupak De, a senior technical analyst at LKP Securities, highlighted the Nifty's consistent selling pressure, which led it to fall below the significant support level of 24,900. This, coupled with closing under its 50-day exponential moving average, signals a potential weakening of the current bullish trends.

Corporate Earnings and Actions

A slew of companies, including Adani Green Energy and Tata Power, are set to announce their Q1 earnings. Additionally, over 100 companies will declare record dates for dividends, rights issues, stock splits, and bonus shares, adding another layer of activity to the market.

Global Influences

Global cues, such as the Federal Open Market Committee meeting and developments in US tariffs, are anticipated to play a critical role in shaping market dynamics. Wall Street's performance and crude oil prices will also be under close scrutiny for their potential impact on Indian equities.