Sensex Down 490 Points; Sharp Rebound Possible Above 77,600

Last week, people who buy and sell parts of companies, called the stock market, had a slightly rough week.

The Sensex, which is a scoreboard that shows how big Indian companies are doing, went down by 490 points.

That happened because many people wanted to sell and take their profits after prices had gone up.

Some groups of companies did better than others.

Companies that make media, like TV and news, did really well and grew by more than two percent.

Companies that make metal, like iron and steel, did the worst and lost almost two percent.

There is a special line on a chart called the 20-day moving average that helps people guess what the market might do next.

Right now, that line is at 77,600 for the Nifty, another big scoreboard.

If the market stays above that line, experts think it could bounce back up to 78,400, or even 79,000.

One expert says the market outlook is unsure, so traders should be careful and buy and sell at smart levels.