Ahead of Market: 10 key factors that will drive stock market action on Monday

India's stock markets faced significant declines on Friday, with the Nifty and BSE Sensex dropping 1.25% and 1.17%, respectively, amid widespread selling across sectors. Key contributors to this downturn included auto, financial, and FMCG stocks, while selective buying was noted in the IT sector. The Nifty closed at 25,178.65, with analysts indicating that the index has weakened significantly, slipping below both its short-term and 200-day moving averages. This trend suggests ongoing selling pressure, with immediate supports set at 25,000 and 24,750. The volatility index, India VIX, rose nearly 5%, reflecting increased market apprehension. Analysts predict that the Nifty may continue to face challenges, with resistance now positioned at 25,370. Global markets mirrored this cautious sentiment, with major US indices also ending lower, and European markets showing mixed performance. Active trading was noted in several stocks, including Tejas Networks and HDFC Bank, which saw substantial turnover. As investors brace for potential volatility, market watchers are advised to remain vigilant regarding key resistance and support levels in the coming week.