Mumbai, August 2, 2026 (Yes Punjab News)
Indian equity markets are expected to maintain their positive momentum in the coming week, with analysts projecting further gains if key resistance levels are breached decisively.
Market experts said the Sensex could move towards the 79,000–79,200 range, while the Nifty 50 may target 24,850, supported by improving investor sentiment and favourable market conditions.
The benchmarks recovered strongly during the week after a recent decline, helped by softer crude oil prices, reduced geopolitical concerns, positive first-quarter FY27 earnings updates and renewed foreign institutional investor (FII) inflows.
The fall in crude oil prices provided relief to investors by reducing concerns over inflation, corporate margins and India’s external account position.
The Nifty gained 2.59 per cent during the week to close at 24,383.60, while the Sensex advanced 2.68 per cent to settle at 78,094.64. Both indices also recorded their second consecutive monthly gain in July.
Analysts said the Sensex has regained the 78,000 level, reflecting broader market recovery and improved confidence among investors.
The immediate resistance for the Sensex remains in the 78,300–78,500 zone. A sustained move above this range could push the index towards 79,000–79,200 levels, while support is expected around 77,700–77,500, followed by the key psychological mark of 77,000.
For the Nifty, analysts noted that the index has moved back above its 200-day exponential moving average (EMA), while the Relative Strength Index (RSI) has improved to 59, indicating strengthening momentum.
The immediate resistance for the Nifty is placed between 24,550 and 24,600. A decisive breakout above this zone could open the path towards the 24,850 level, analysts said.
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