New Delhi, Jan. 26 -- The Indian stock market suffered significant losses last week amid persistent foreign capital outflows, the rupee's fall to record lows, mixed Q3 results, and geopolitical uncertainties.

Equity benchmark Nifty 50 dropped 2.5% for the week ended January 23. On a monthly scale, the index is down more than 4% in January so far, looking set to extend losses for the second consecutive month.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, highlighted that the index decisively breached the 25,400 support level, falling below the psychological 25,000 mark and moving towards the 24,900 zone.

"At this juncture, there is a possibility of a retest of 24,900 or a marginal br...