FII flows, US-India tariff developments among 7 factors likely to steer D-Street this week
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Markets extended their losing streak for the sixth consecutive week, weighed down primarily by escalating trade tensions between the US and India. The tone remained muted in the early part of the week, but selling pressure intensified as the days progressed. Ultimately, both the Nifty and the Sensex lost nearly a percent each, closing at 24,363.30 and 79,857.79, respectively. The dominant driver of the week’s decline was the sudden escalation in US tariffs, with the US President announcing a 50% levy on Indian goods. The RBI’s decision to maintain the policy rate at 5.50% with a neutral stance, signaling near-term uncertainty, failed to lift sentiment. The Nifty breached Thursday’s low of 24,344, giving up all the recovery seen from the previous day’s low. Moreover, the index has now closed decisively below its 100-day DEMA, currently placed at 24,590. This is significant as the Nifty had already slipped below its 20- and 50-day DEMAs ear...