Buy or sell stocks, Aug. 16 -- The Indian stock market finally snapped a six-week losing streak as extreme oversold conditions and supportive global cues lifted investor sentiment. The Nifty 50 and Sensex ended the week with gains of around 1%, though momentum remained muted due to persistent foreign outflows.

Foreign Institutional Investors (FIIs) continued their aggressive selling, offloading nearly Rs.10,000 crore in the cash market, while Domestic Institutional Investors (DIIs) absorbed the pressure with strong buying worth Rs.19,000 crore. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged.

Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market sentime...