On April 30, 2023, the benchmark Indian stock indices faced a decline, with the Nifty 50 falling 180.10 points or 0.74% to close at 23,997.55, slipping below the significant 24,000 mark. The Sensex also saw a drop of 582.86 points or 0.75%, ending at 76,913.50. During intra-day trading, the Sensex experienced a sharp decline of up to 1,237.5 points before recovering some losses. This downturn was attributed to rising crude oil prices, which temporarily reached nearly $120 per barrel due to geopolitical tensions, raising inflation concerns for India, a major oil importer. The Indian rupee continued to weaken, nearing the 95-per-dollar mark. Despite the dip, the weekly outlook remained positive, with the Nifty 50 gaining 0.4% and the Sensex 0.3% compared to the previous week. Analysts highlight that immediate support for the Nifty 50 lies in the 23,500–23,400 range, while resistance is seen between 24,350–24,600. A sustained move above 24,350 could signal further gains, whereas a drop below 23,800 may lead to declines towards 23,600 and 23,400.