Mumbai, July 26, 2026 (Yes Punjab News)
The Indian equity markets are expected to remain under pressure in the coming week, with analysts identifying 76,300 as the immediate resistance level for the Sensex and 23,600 as a key support zone for the Nifty after both benchmark indices posted sharp weekly losses.
Market experts said investor sentiment remained subdued amid rising global crude oil prices, renewed geopolitical tensions and mixed first-quarter earnings from banking companies, which contributed to heightened volatility during the week.
The BSE Sensex erased the gains made in the previous week and slipped below the 77,000 mark, ending the week 2.68 per cent lower at 76,059.77. The NSE Nifty also declined 2.33 per cent to close at 23,767.45.
According to analysts, the 76,300 level has emerged as the immediate hurdle for the Sensex. On the downside, the 75,800-75,700 range is expected to provide initial support, while a breach below this zone could drag the index towards 75,500-75,400.
For the Nifty, experts noted that the index has fallen below the lower end of its month-long consolidation range of 23,800-24,400 and tested support near the rising trendline around 23,600.
Analysts believe a decisive break below the 23,600 level could accelerate the correction towards the previous swing low of 23,100. On the upside, the 24,000-24,100 range is likely to act as the first resistance, followed by a stronger hurdle at 24,400.
Besides global uncertainties and elevated crude oil prices, market sentiment was also impacted by a weakening rupee and cautious investor participation. However, analysts said resilient domestic macroeconomic indicators and stock-specific opportunities during the ongoing earnings season continued to offer selective buying opportunities.
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