New Delhi, July 28 -- On Friday, the Indian stock market closed on a weak note, witnessing broad-based selling across major indices. Investors remained cautious amid weak global cues, valuation concerns, and ongoing foreign institutional outflows. The session extended the recent corrective phase, with all benchmark indices finishing deep in the red.

With Nifty breaking below the previous low and all key short-term averages, the outlook has turned bearish. The index now targets 24,500-24,450 on the downside, while any bounce toward 24,900-25,000 is likely to face selling pressure. Resistance is now established at 25,000-25,100, while support lies around 24,500-24,450.

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