As Sensex struggles at 62,000, Nifty at 18,500, here's what can happen next

The BSE Sensex and NSE Nifty 50 have scaled fresh life-time highs in the last five straight years; charts suggest that the trend may continue this year.

Since conquering 61,000 on the BSE Sensex and 18,200 on the Nifty 50 earlier this November, both the key benchmark indices seem to be facing relentless challenges to rally further. On Friday, the BSE Sensex declined 150 points or 0.24 per cent to 61,600 level, while Nifty 50 lost 53 points or 0.27 per cent to trade at 18,290 in early deals.
 

On a broader time-frame, domestic markets suffered a downward spiral in the first half of the calendar year as the key benchmark indices hit 52-weeks low in June 2022 on geopolitical concerns, central bank fostering interest rates, and