The Indian stock market remained range-bound last week, with Sensex losing around 500 points and Nifty falling 205 points to end in the red. Analysts now highlight four key factors that can influence Dalal Street’s action during the upcoming week, from August 17 (Monday) to August 21 (Friday).

On Friday, Sensex and Nifty recorded slight losses even as oil prices stabilised around $87 per barrel. Sensex fell around 71 points to close at 78,009, while Nifty 50 lost 30 points to end the session at 24,366.

7% each. Here's how analysts read the market pulseA sideways trend persisted in the market on Friday as investors awaited greater clarity on the outlook for energy prices and global bond yields, said Vinod Nair, Head of Research, Geojit Investments Limited.

He, however, noted that the market witnessed a recovery from the day's lows, led by consumer durables and discretionary consumption stocks, supported by improving demand trends." Better-than-expected corporate earnings during the quarter, along with supportive domestic factors that could drive revisions to FY27 earnings estimates upward, continue to create opportunities for a bottom-up stock selection approach.

Additionally, the stability in the rupee, moderation in India's 10-year bond yield, and a gradual improvement in FII participation are providing support to the domestic macro-environment and supporting the inflation trajectory," he further said. US stocksWall Street ended lower on Friday as technology stocks retreated, weak retail sales weighed, and Middle East tensions persisted.

2% on Friday, snapping a four-week winning streak as rising oil prices and geopolitical tensions outweighed strong earnings. 3% for the week but remained within 1% of its record high.

Tech viewGoing ahead, the immediate resistance for Nifty is placed in the 24,500-24,550 zone, according to SBI Securities. Any sustainable move above this zone could result in Nifty extending its pullback towards 24,700, followed by 24,850 in the short term, it added.

On the downside, the immediate support for Nifty is placed in the 24,230-24,200 zone, which coincides with the 100-day EMA, according to the domestic brokerage. Most active stocks in terms of turnoverBharti Airtel (Rs 2,441 crore), LG Electronics India (Rs 1,665 crore), HDFC Bank (Rs 1,480 crore), Reliance Industries (Rs 1,373 crore), Welspun India (Rs 1,262 crore), Bharat Dynamics (Rs 1,170 crore) and Zee Entertainment Enterprises (Rs 1,138 crore) were among the most active stocks on NSE in value terms.