The stock market of India has been going through heavy selloff in the last seven straight sessions and the Nifty itself has shed more than 600 points after making a lifetime high of 11,856. The BSE Sensex also dipped around 1,000 points after making an all-time high of 39,487. So, it becomes important for the stock market investors to know about the outlook of Indian indices in the coming days.

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Speaking on the matter Anoop Bhaskar, Head – Equity, IDFC AMC said, "Indian markets had a volatile month as LS elections, crude and global geopolitical developments weighed on investor sentiment. FII flows continued to be positive, whereas domestic investors are still cautious pending election results, resulting in continued outperformance of Large Cap stocks vis-à-vis Mid and Small Cap. Q4 FY19 has started on a mixed note with both significant beats as well as misses." He said that recovery in Corporate Banks profitability is key to earnings growth and hence Corporate Bank results will be keenly watched. 

"Election uncertainty has driven markets in the last year with cyclical segments witnessing a significant derating despite posting good results and order books. Elections impact returns in the short term, whereas earnings drive returns over the longer term. With the election results getting out of the way in May, the focus should shift to earnings growth visibility," Anoop said.

SEBI registered technical equity analyst Simi Bhaumik echoed in unison citing, "Overall the market outlook is bullish and 11,250 is strong support for the markets and I believe the market would touch to that levels and then we can witness a bounce back from there onwards. However, major rush at the Indian indices can be expected post-Lok Sabha Elections 2019 and till then the market is expected to trade subdued and remain range-bound."

Elaborating upon the reasons that still supports Indian stock market to recover after seven straight trading session losses Prakash Pandey, Head of Research at Fairwealth Securities said, "The recent selloff has been triggered by the weak global sentiments, which is one of the driving factors for the Indian stock market. FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) are still positive and can lift the Indian indices on their own." He said that post-Lok Sabha Elections 2019 results, we can expect some fresh buying by the FIIs and the DIIs as things would be quite clear for them.