Indian equity markets experienced a sharp correction during the week, driven by mounting global uncertainties, elevated crude oil prices, and weaker earnings expectations for domestic companies. These factors collectively dampened investor sentiment, triggering broad-based selling pressure. After a brief phase of consolidation, the benchmark indices declined decisively below all its key EMAs, indicating a deterioration in technical strength. The selling intensified during the final three trading sessions, pushing Nifty50 below the 23800 mark and resulting in a weekly decline of more than 2.30%.
Daily_Equity_Technical_270726
Published on 27th July 2026
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