Buy or sell, July 13 -- This week, the Indian equity markets witnessed notable profit booking, with the Nifty 50 closing at 25,149, down by 1% on a weekly basis. After trading within a narrow range of 25,200-25,600, the index succumbed to heavy selling pressure on Friday, July 11, as investors rushed to book profits amid concerns over a potentially weak earnings season. The sentiment was further dampened by IT major Tata Consultancy Services' disappointing quarterly results and subdued commentary. Adding to the negative cues was global unease stemming from a fresh tariff announcement by former U.S. President Donald Trump, which also weighed on market confidence.

In the preceding week, despite rising geopolitical tensions, the Nifty had m...