JAMMU, March 15 -- Indian equity markets ended the week with sharp losses amid escalating geopolitical tensions in the Middle East, rising crude oil prices and persistent foreign fund outflows. For the next week, starting March 16, analysts expect volatility to continue when markets reopen on Monday, with the 23,000 level emerging as a key support for the Nifty 50.
The benchmark Nifty 50 closed at 23,151.10 for the week ended March 13, falling 5.31%, while the BSE Sensex declined 5.52% to settle at 74,563.92. Banking stocks witnessed deeper losses, with the Bank Nifty falling nearly 7% to end around 53,758.
However, the GIFT Nifty, or Nifty futures, closed 91 points higher to close at 23,294 on Friday, indicating a mild gap-up on Monday, ...