MediumNeutral
Announced Sun, 21 Jun · 11:19 IST

Indian stock market: How are Sensex and Nifty 50 likely to perform next week amid US-Iran peace deal?

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indian benchmark indices ended their five-session winning streak on Friday, with Sensex falling 607 points (0.78%) to 76,802.90 and Nifty 50 declining 154.90 points (0.64%) to 24,013.10, weighed down by IT sell-off following Accenture's lowered revenue outlook, FII selling and geopolitical concerns. Focus for the upcoming week shifts to US-Iran peace talks resuming in Switzerland and crude oil price movements, which are expected to drive market direction. Technical analysts maintain a constructive bias, with Sensex resistance at 77,500-77,300 and support at 76,500-76,400, while Nifty 50 faces resistance at 24,200-24,400 and support at 23,800-23,600.