The Indian stock market is going through a sluggish period these days. There is a fluctuation in the market and experts believe that this situation may continue for a while. Rohit Srivastava, the founder and market strategist of Indiacharts.com, warns that the Nifty 50 index can soon slip from 24,000 to 23,500 levels. Thursday, June 19, in the morning business, the Nifty 50 opened at 24,803 and then a slight increase at 24,837, which was 0.10 percent higher than the previous closure of 24,812, but this sluggish market was a cause for concern for investors.
Why is there sluggishness in the market?
According to Rohit Srivastava, the Nifty 50 has seen the first major decline since April 2025. He said, “The Nifty is not expected to have a major breakout soon. This reduction can take the market to the level of 24,000 to 23,500. Only after August 2024, there may be a strong trend in the market.”
There are several reasons behind this weakness in the market. The main cause of this recession is global geological tensions, tariff related uncertainties in the United States, foreign capital flow and expensive evaluation of Indian stocks. In addition, liquidity in the United States is also tense due to high interest rates, which is affecting the Indian market.
Bank Nifty also under pressure
Along with the Nifty, Bank Nifty is also under pressure. Srivastava said the bank Nifty is facing strong resistance at the level of 56,070. If this index breaks the support level of 55,380, it can slip down to 53,500. This weakness in the banking sector is a matter of concern for the market, as the sector is considered to be the backbone of the Indian economy.
Will the market improve soon?
Market prospects are looking strong in the medium term, but in the near future there is no hopes of a big boom. There are positive signs for the market for the reduction in interest rates, expectation of good monsoon and strong economic growth by the Reserve Bank of India (RBI), but their impact is less likely to be immediately seen.
Srivastava said, “In India, the situation in India is favorable, but the impact of the fluid in the United States is affecting global markets. In addition, geo-political tensions can delay the market improvement by the third quarter. In particular, the atmosphere has warmed the atmosphere.”
Market expectations are based on these things
The future of the Indian stock market is based on many factors. The upcoming corporate earnings season, geographical development and progress of a potential trade agreement with the US will determine the direction of the market. In addition, the trend of monsoon progression, major macroeconomic indicators, US dollar activity, bond yield and foreign portfolio investors (FPIS) towards India will also be important for the market.
Awaiting the corporate earnings season
The corporate earning season can be a big trigger for the market. If companies post better results than expected, investors’ confidence may increase. But if the results are weak, the market may decline. Srivastava believes that investors should keep an eye on this season.
Conjunctive effect
Globally, the biggest challenge for the market is the market. Increasing tensions, especially between the Middle East countries, have raised concerns for investors. If this stress is reduced, the market can be relieved. But if the situation worsens, the recovery may be delayed.
Monsoon and economic data
A good monsoon performance is a good sign for the Indian economy, especially for the agriculture sector. If the monsoon is as expected, it will be positive for the market. In addition, economic data such as GDP growth, inflation rate and industrial production will also determine the direction of the market.
Foreign investors’ attitude
Foreign portfolio investors (FPIS) play a major role in the Indian market. In recent months, FPIs have withdrawn money from Indian stocks, which has increased pressure on the market. If the FPI trend becomes positive again, the market may be supported. But for this, the global environment needs to be stable. (Click here to find out the information when we continue to share information with you, even when we want to know many information related to the stock market.
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