Domestic stock markets ended with strong gains on Friday, aided by buying action in IT and FMCG stocks. The headline Index, the S&P BSE Sensex, settled at 81,721.08, gaining by 769.09 points or 0.95%. The broader Nifty moved in tandem, closing the session at 24,853.15, higher by 243.45 points or 0.99%.
Here's how analysts read the market pulse:
Vinod Nair, Head of Research, Geojit Investments said that the Indian stock market experienced heightened volatility this week, largely due to the turbulence in the global bond markets, where weak US bond auctions and rising treasury yields sparked a global risk-off sentiment, triggering sharp midweek sell-offs. Nair said that the Indian market has shown resilience, supported by strong buying by DIIs and retail participants when FII chose to sell Indian equities. In his view, the next triggers are upcoming Indian GDP figures, US big budget, inflation data and weekly jobless claims.
US markets
U.S. stocks fell on Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty.
All three main Wall Street indexes pared early losses but each still ended lower and shed more than 2% for the week.
Tech View
Decoding the charts, Bajaj Broking said that Nifty on the weekly chart has formed a small bear candle with a long lower shadow which remained enclosed inside previous week price range signaling consolidation amid buying demand near the support area of 24,400-24,500 levels which is a confluence of 20 days EMA, previous breakout area and last 2 weeks lows.
He expects the index to extend consolidation in the range of 24,400-25,200, recommending a buy on dips strategy in the coming week. Short-term support is seen at 24,400–24,500, being a confluence of the 20-day EMA placed around 24,400-24,500 levels.
Most active stocks in terms of turnover
Max Financial Services (MFS, Rs 277 crore), GRSE (Rs 251 crore), RPower (TTML, Rs 189 crore), Cochin Shipyard (Rs 183 crore), Waaree Energies (155 crore), Mazagon Dock (Rs 154 crore) and The Ramco Cements (Rs 126 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 4.25 crore), RPower (Traded shares: 3.73 crore), IFCI (Traded shares: 2.02 lakh), TTML (Traded shares: 1.52 crore), Yes Bank (Traded shares: 1.15 crore), GTL Infra (Traded shares: 98.23 lakh) and Ola Electric (Traded shares: 86.52 lakh) were among the most actively traded stocks in volume terms on BSE.
Stocks showing buying interest
Shares of Honasa Consumer (Mamaearth), RPower, IFCI, TBO Tek, Emcure, Clean Science and Technology, Angel One, and BSE Industries were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 98 stocks hit their 52-week highs today, while 23 stocks slipped to their 52-week lows. Among the ones that hit their 52-week highs were HDFC Life Insurance Company, GRSE, APL Apollo Tubes, BEL and Dalmia Bharat.
Stocks seeing selling pressure
Among the largecap names was Sinpharma. Other stocks which witnessed significant selling pressure were Waaree Energies, Gravita India, Aegis Logistics, Caplin Point, KPR Mill, and Aster DM.
Sentiment meter favours bulls
Action in heavyweights like Reliance Industries (RIL), HDFC Bank, and ITC lifted the markets the most, ensuring a positive closing. Out of the 4,106 stocks that traded on the BSE on Friday, 2,323 stocks witnessed advances, 1,639 saw declines, while 144 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Here's how analysts read the market pulse:
Vinod Nair, Head of Research, Geojit Investments said that the Indian stock market experienced heightened volatility this week, largely due to the turbulence in the global bond markets, where weak US bond auctions and rising treasury yields sparked a global risk-off sentiment, triggering sharp midweek sell-offs. Nair said that the Indian market has shown resilience, supported by strong buying by DIIs and retail participants when FII chose to sell Indian equities. In his view, the next triggers are upcoming Indian GDP figures, US big budget, inflation data and weekly jobless claims.
US markets
U.S. stocks fell on Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty.
All three main Wall Street indexes pared early losses but each still ended lower and shed more than 2% for the week.
Tech View
Decoding the charts, Bajaj Broking said that Nifty on the weekly chart has formed a small bear candle with a long lower shadow which remained enclosed inside previous week price range signaling consolidation amid buying demand near the support area of 24,400-24,500 levels which is a confluence of 20 days EMA, previous breakout area and last 2 weeks lows.
He expects the index to extend consolidation in the range of 24,400-25,200, recommending a buy on dips strategy in the coming week. Short-term support is seen at 24,400–24,500, being a confluence of the 20-day EMA placed around 24,400-24,500 levels.
Most active stocks in terms of turnover
Max Financial Services (MFS, Rs 277 crore), GRSE (Rs 251 crore), RPower (TTML, Rs 189 crore), Cochin Shipyard (Rs 183 crore), Waaree Energies (155 crore), Mazagon Dock (Rs 154 crore) and The Ramco Cements (Rs 126 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 4.25 crore), RPower (Traded shares: 3.73 crore), IFCI (Traded shares: 2.02 lakh), TTML (Traded shares: 1.52 crore), Yes Bank (Traded shares: 1.15 crore), GTL Infra (Traded shares: 98.23 lakh) and Ola Electric (Traded shares: 86.52 lakh) were among the most actively traded stocks in volume terms on BSE.
Stocks showing buying interest
Shares of Honasa Consumer (Mamaearth), RPower, IFCI, TBO Tek, Emcure, Clean Science and Technology, Angel One, and BSE Industries were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 98 stocks hit their 52-week highs today, while 23 stocks slipped to their 52-week lows. Among the ones that hit their 52-week highs were HDFC Life Insurance Company, GRSE, APL Apollo Tubes, BEL and Dalmia Bharat.
Stocks seeing selling pressure
Among the largecap names was Sinpharma. Other stocks which witnessed significant selling pressure were Waaree Energies, Gravita India, Aegis Logistics, Caplin Point, KPR Mill, and Aster DM.
Sentiment meter favours bulls
Action in heavyweights like Reliance Industries (RIL), HDFC Bank, and ITC lifted the markets the most, ensuring a positive closing. Out of the 4,106 stocks that traded on the BSE on Friday, 2,323 stocks witnessed advances, 1,639 saw declines, while 144 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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