Here’s how analysts read the market pulse:
Domestic equities recovered sharply from the intraday lows amid a volatile weekly expiry day, said Vinod Nair, Head of Research, Geojit Investments, adding that “although the earlier trade was weighed down by broad-based selling following steep U.S. tariff hikes on India, sentiment improved toward the close as reports of potential peace talks involving Trump, Putin, and Zelensky which raised hopes of a softer US stance on trade.”
This renewed optimism triggered a strong rebound in the auto, pharma, metals, and energy sectors and aided the market in recalling its trajectory and concluding in the green, said Nair.
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US markets
US stocks drifted lower on Wall Street Thursday after President Donald Trump’s latest tariffs took effect on dozens of countries.Worries are still high that Trump’s tariffs are damaging the economy, particularly after last week’s worse-than-expected report on the job market. But hopes for coming cuts to interest rates by the Federal Reserve and a torrent of stronger-than-expected profit reports from big U.S. companies are helping offset the concerns, at least for now. Lower interest rates can give the economy and investment prices a boost, though the downside is that they can also push inflation higher.
European Markets
Swiss blue-chip stocks rose in line with broader markets on Thursday, keeping above this week’s nearly four-month lows, while the franc steadied even as a 39% tariff on U.S. imports of Swiss goods took effect. Swiss President Karin Keller-Sutter left Washington empty-handed on Wednesday without meeting U.S. President Donald Trump or any of his top trade officials, with her proposal for a 10% tariff rate rejected, a source earlier told Reuters.
The Swiss blue-chip index, which boasts major pharma companies, luxury watchmakers and large financial institutions among its constituents, was up 0.8% at 1045 GMT, compared with a 0.9% rise for the Europe-wide STOXX 600 index. The index had hit its lowest since late April on Monday.
Tech View
The Nifty witnessed a roller-coaster session as the index oscillated between 24,350 and 24,650, said Rupak De, Senior Technical Analyst at LKP Securities, adding that although the index briefly fell below 24,400, it did not sustain at lower levels and recovered smartly in the second half, closing near 24,600.
“In the short term, the index may continue to recover; however, immediate resistance is seen at 24,660. A decisive move above this level could take the index towards 24,850. On the downside, support is placed at 24,400 on a closing or sustained basis,” said De.
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Most active stocks in terms of turnover
Eternal (Rs 11,475 crore), Kotak Mahindra Bank (Rs 2,867 crore), Infosys (Rs 1,413 crore), RIL (Rs 1,378 crore), HDFC Bank (Rs 1,299 crore), Trent (Rs 1,223 crore) and BSE (Rs 1,099 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 highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 28.18 crore), Eternal (Traded shares: 39.15 crore), Suzlon Energy (Traded shares: 7.55 crore), YES Bank (Traded shares: 5.62 crore), Sagility India (Traded shares: 4.28 crore), JP Power (Traded shares: 3.74 crore) and BHEL (Traded shares: 3.29 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of ITI Ltd, Caplin Point, Kajaria Ceramic, Firstsource, Kirloskar Brothers, Lupin and Gujarat Mineral Development were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 111 stocks hit their 52 week highs today while 161 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Godfrey Philips, GNFC, Bayer Cropscience, BHEL, Reliance Power, SKF India and EID Parry.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,191 stocks that traded on the BSE on Thursday, 2,297 stocks witnessed declines, 1,751 saw advances, while 143 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
