Nifty ended 0.32 percent higher last week, supported mainly by IT and energy stocks. Markets will reopen Monday after a holiday break, with several events expected to shape sentiment. The index closed Friday at 23,719.30, down 0.27 percent. Trading will be closed Thursday for Bakri Eid. Analysts noted Nifty failed to break above 23,800 resistance despite positive signals, leaving the index in a range-bound pattern. Support is seen at 23,600 and 23,400, while a move above 23,800 could spark further gains. Developments in Iran-US talks drew attention after meetings between Iranian and Pakistani officials. Wall Street closed higher Friday as Treasury yields eased. The 30-year US yield reached 5.201 percent midweek before easing to 5.0795 percent. Global equity funds saw mixed flows, with US and Asian funds recording outflows. Crude oil prices remained a focus, with WTI at $97 and Brent at $103.54 per barrel. Foreign institutional investors sold Indian shares worth Rs 4,440 crore on Friday and have been net sellers for three straight months. Analysts expect Nifty to trade between 23,500 and 24,000 this week amid monthly expiry volatility.
