The Indian stock market ended the week on a weak and volatile note, with benchmark indices Sensex and Nifty 50 closing sharply lower due to heavy selling pressure on Friday. According to reports from Mint, the Sensex fell about 961 points (1.17%) to close near 81,287, while the Nifty declined over 317 points (1.25%) to 25,178, leading to an estimated loss of ₹3 lakh crore to ₹5.5 lakh crore in market capitalisation. Broader markets also underperformed, with MidCap and SmallCap indices slipping around 1–1.3%.
Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi, believes the Indian stock market appears to be in the final leg of correction, with early signs of selling exhaustion visible near key supports. As reported by Mint, the Nifty 50 has extended its corrective move and is now trading near 25,200, very close to the critical 25,100 support zone. The decline appears to be part of a gap-filling move from the sharp up-move seen on the US trade deal day, with the zone around 25,100 now emerging as a make-or-break support for the index.
On the outlook for the Bank Nifty index, the Anand Rathi expert said the index remains in a consolidation phase, with prices repeatedly facing resistance near the 61,500–62,000 zone and currently hovering around 60,500. According to the analysis reported by Mint, the 59,800–60,000 band remains a strong support area, keeping the broader structure stable. Weak global cues, geopolitical tensions, continued FII selling, MSCI rebalancing outflows, and sector-wide weakness in financials, realty, auto, FMCG, and energy weighed on sentiment.
Regarding shares to buy next week, Mehul Kothari of Anand Rathi recommended three stocks for buying under ₹200: Central Bank of India (buy at ₹40-₹38, targets ₹44 and ₹48, stop loss ₹36.50), Shree Renuka Sugars (buy at ₹24, target ₹26.50, stop loss ₹22.80), and Welspun Living (buy at ₹125, target ₹135, stop loss ₹119). As reported by Mint, these recommendations are for educational purposes only and investors should check with certified experts before making investment decisions.