🕗 Last Update: 15 Septmeber 2026, 7.00 AM
The Indian stock market ended last week under pressure, extending its losing streak to five consecutive weeks. This was the first time in a year that the benchmark indices recorded five straight weekly declines. After opening the week on a subdued note, the market remained weak during most trading sessions. The Sensex fell 2.27% to close at 74,781.76, while the Nifty 50 declined 2.09% to settle at 23,398.10.
The broader market also witnessed selling pressure. The midcap index declined 1.40%, while the smallcap index lost 0.88%. Persistent weakness has pushed the Nifty 50 down 10.50% year-to-date in 2026. The Sensex has fallen 12.24% during the same period.
He is Executive Director at Choice Broking, offering daily market outlooks and stock recommendations.
Breakout stocks are those that move above a defined resistance level or price pattern on strong volumes, indicating potential for a sharp upward trend.
Experts suggest a stock-specific strategy — look for technically strong charts, confirm volume participation, and keep strict stop-loss levels.
Breakouts can sometimes fail if broader market support is missing. Investors must monitor support levels and global cues before committing higher capital.
Sumeet Bagadia recommended 5 stocks to buy right now-
Aditya Birla Capital, Diffusion Engineers, I G Petrochemicals, Mahindra and Mahindra Financial Services, and Gulf Oil Lubricants India.
Nifty has a Sideways-to-Bullish bias with support at 24,500–24,555 and resistance at 24,820–24,900.
Bank Nifty remains Sideways-to-Bullish with support at 57,850–58,000 and resistance at 58,666–58,800.