Stock markets witnessed sharp volatility last week as rising geopolitical tensions in West Asia, a spike in crude oil prices, sustained foreign investor selling and weakness in the rupee weighed heavily on investor sentiment.

The benchmark Nifty50 ended over 2% lower for the week, while the Sensex also posted steep losses. Broader markets saw even sharper declines, with smallcap and midcap indices falling significantly amid widespread risk aversion.

The same was evident with this week’s start as Sensex lost nearly 1,000 points in early trade but recovered to trade in green a few hours before the closing bell.

According to Santosh Meena, the Indian equity market remained under pressure due to multiple global and domestic…