With the Union Budget 2025 set for February 1, the Sensex saw a volatile week, closing 329.92 points down at 76,190.46. Traders are advised to adopt a cautious, stock-specific approach as critical support and resistance levels indicate potential for both recovery and further declines.

In the next week, it is believed that Indian stocks consolidation phase is in the final stage, with resilience of large-cap stocks indicating a positive sign. Investors are guided to remain patient and adopt a accumulating strategy.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,303 level, a premium of nearly 40 points from the Nifty futures’ previous close.

Indian stock market witnessed huge buying sentiment on Friday, taking Sensex higher by 466 points to even near 77,000 mark. Its counterpart Nifty 50 also jumped by nearly 142 points to near 23,350 levels.

The Nifty 50 tumbled 350 points from the day's high to end the session 0.60% lower at 23,079, concluding the week with a drop of 0.52%. Likewise, the Sensex wrapped up the session with a drop of 0.45%,