Sudeep Shah Analyzes Nifty Outlook Following 5% Decline in 11 Days
**Indian Equity Markets Weekly Update**
Indian equity markets closed the week on a **subdued note**, impacted significantly by **profit-booking** and sustained **foreign investor outflows**.
Sentiment was further dampened by rising **global trade concerns** and a series of **domestic earnings disappointments**, prompting a risk-off approach among traders.
Analysts advise maintaining caution ahead of the upcoming **Union Budget**. The **Nifty** index is currently facing stiff resistance, with the broader markets showing persistent weakness.
In sectoral trends, **PSU Banks** are demonstrating relative strength, notably outperforming their private sector peers.