New Delhi, 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 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.

According to stock market experts, various domestic and global market triggers are expected to dictate Dal...