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After snapping their longest weekly losing streak in 25 yrs, the Nifty 50 and Sensex face a crucial test in the coming week as investors assess whether latest rebound signals a sustained recovery or merely pause in the broader downtrend. Technical analysts identify key support and resistance levels.
Context from Wikipedia on the organisations, people and places in this story.
Indian stock market index
The BSE SENSEX is an Indian free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978–79.
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