The Indian stock market remained volatile during the week, with the Nifty 50 extending its losing streak to three consecutive weeks. According to reports from Live Mint, market sentiment remained cautious amid elevated geopolitical uncertainty, fluctuations in crude oil prices and concerns surrounding the US monetary policy outlook. Despite strong support from the IT sector following robust Nvidia earnings, weakness in several large-cap stocks limited broader recovery efforts.
Institutional participation showed mixed trends during the week, with FIIs turning aggressive sellers on Friday and recording net outflows of around ₹5,040 crore. As reported by Live Mint, the selling pressure was largely countered by strong DII participation, with domestic institutions recording purchases of approximately ₹5,184 crore. On a month-to-date basis, FIIs continue to remain marginal net buyers at around ₹454 crore, marking a notable shift after several months of sustained foreign selling, while DIIs have maintained strong buying momentum with MTD inflows of approximately ₹79,620 crore.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is cautiously positive. According to the technical expert's analysis reported by Live Mint, the Nifty 50 index would continue to have the important resistance hurdle of the 24,400 zone, which needs to be breached decisively to expect a fresh further upward move. On the downside, the 23,800 zone shall be the important and crucial support area, which needs to be sustained to maintain the overall trend intact.
Vaishali Parekh recommended three stocks to buy under ₹100 for Monday trading: Paramount Communications at ₹61.50 with a target of ₹66 and stop loss at ₹59, Dwarikesh Sugar Industries at ₹50 with a target of ₹65 and stop loss at ₹48, and Bajaj Housing Finance at ₹85 with a target of ₹90 and stop loss at ₹83. As reported by Live Mint, these recommendations are part of the technical analyst's broader market strategy for stocks trading below the ₹100 mark.
