Indian Equity Indices Face Continued Decline Amid Global Market Pressures

Indian benchmark indices extended losses for the fifth consecutive week, with the Nifty 50 and Sensex dropping over 1%. Smallcaps bore the brunt—Nifty Smallcap 250 plunged 2.97%, while midcaps fell 1.92%. Sectorally, only BSE FMCG eked out gains (+2.41%), as realty stocks cratered 5.68%.

Weak US jobs data triggered Friday's global selloff, threatening further downside. Yet this appears corrective within a broader uptrend—investors should view dips as accumulation opportunities. FPIs exacerbated the rout, pulling $2 billion from equities last week. Their return remains critical for stabilization.

Technicals suggest Nifty 50 (24,565) may test 24,450 support. A rebound could retest 24,900-25,000 resistance, but breakdowns risk cascading toward the 24,000-24,300 demand zone. Market participants await institutional buying to stem the bleeding.