New Delhi, Sept. 6 -- Indian Stock Market | Sensex, Nifty outlook: The benchmark indices of the Indian stock market saw profit-booking at higher levels last week. On a weekly basis, the Nifty 50 index ended 1.15% lower, while the Sensex was down by 750 points. Among sectors, the Auto index lost the most, shedding over 3.8%, whereas the Oil and Gas index outperformed, rallying 1.30%. During the week, the market breached the crucial support zone of 24,000/76800. However, it showed a promising recovery from the 23,800/76100 level.

According to stock market experts, pressure on these key Dalal Street indices may persist, and the Indian stock market may trade flat to negative in the near term. They said that the buzz around the mega Rs.30,000...