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Nifty's 8-Week Slide: Will RBI Policy, Q2 Results, and Geopolitics Spark a Recovery?
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News18•04-10-2026, 15:02
Nifty's 8-Week Slide: Will RBI Policy, Q2 Results, and Geopolitics Spark a Recovery?
- •Nifty closed in the red for the eighth consecutive week, with Sensex falling 1,670.84 points and Nifty over 3% to 22,421.95.
- •Investors are keenly watching RBI's monetary policy review, Q2 corporate results, and Middle East geopolitical tensions for market direction.
- •Technical analysis shows Nifty's weekly RSI at 31.06, indicating weak momentum but approaching an oversold zone for potential recovery.
- •Global factors like rising US bond yields, inflation concerns, and high energy prices are impacting market sentiment.
- •Strong domestic fundamentals, including 8% industrial production growth in August, could provide a shield amid global uncertainties.
Key Questions Answered
The Indian stock market was heavily impacted by global pressures, including rising US bond yields, inflation concerns, high energy prices, and ongoing geopolitical tensions in the Middle East.
According to technical analysis, the levels of 22,800 and 23,000 serve as important near-term resistance for the Nifty, while 22,350 and 22,180 are major support levels.
Market direction will be driven by four key developments: the RBI's monetary policy meeting, second-quarter corporate earnings results, Middle East geopolitical tensions impacting crude oil, and US bond yields alongside US economic data.
