Indian equity markets enter a holiday-shortened week with the Nifty 50 at a crucial support zone after extending its losing streak to five consecutive weeks. With markets shut on Monday for Ganesh Chaturthi, Tuesday’s session will give investors their first chance to react to movements in crude oil, bond yields and expectations around the US Federal Reserve’s policy decision.
The Nifty ended Friday at 23,398.10, down 79.70 points, or 0.34%, while the BSE Sensex closed at 74,781.76, down 120.83 points, or 0.16%.