This week, RBI monetary policy, domestic and global macro data, Israel-Iran war, and foreign fund flow will dictate trends. D-Street experts say the Nifty 50 will face resistance at 25,800 level.

The BSE Sensex stood at 82,710.92, down 1,555.37 points or 1.85 per cent. The NSE Nifty was down 484.95 points, or 1.88 per cent, at 25,311.95.

Geopolitical tensions between Israel and Iran and a rise in foreign outflows have played a major role in the drop in Indian equities this week

Sensex and Nifty 50 ended the truncated week over four per cent lower after three straight weeks of positive returns amid weak geopolitical tensions and foreign outflows.

Nifty is trading at 21.5 times its one-year forward earnings, which is above its historical average of 20.4 times. India is being perceived as relatively expensive market compared with other emerging market peers.