Sensex and Nifty face volatility amid FII selling and RBI meeting

Indian benchmark indices ended the week lower, with the Sensex falling 0.79% on Thursday and the Nifty dropping 0.88% amid sustained foreign selling pressure.

Investors are looking toward the upcoming RBI Monetary Policy Committee meeting scheduled for October 5-7 to provide clarity on interest rate and economic trends.

Deeply oversold momentum in technical indicators suggests the possibility of a near-term rebound, provided the indices hold key support levels around 22,400.