The BSE Sensex added 57.75 points, or 0.07%, to close at 80,597.66, while the broader NSE Nifty 50 rose 11.95 points, or 0.05%, to end at 24,631.30. Both indexes gained about 1% this week, snapping their six-week slide.
Here’s how analysts read the market pulse:
After a volatile weekly expiry-day session, Indian equities ended flat as investors traded cautiously ahead of the U.S.-Russia summit, said Vinod Nair, Head of Research, Geojit Investments, adding that IT and pharma stocks advanced on the back of a softer U.S. inflation data and dovish outlook and banking and consumer durables also gained on hopes of a consumption-led recovery.
“However, weakness was seen in metals and energy indices due to falling commodity prices and over supply concerns. S&P’s upgrade of India’s credit rating and its stable outlook, citing strong policy continuity and infrastructure-led growth is likely to support the domestic market. In the near-term, the market is expected to trade in a tight range with a mixed bias looking forward to upcoming geopolitical meets,” said Nair.
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US markets
The Dow Jones Industrial Average edged higher Friday, closing at a record after touching an intraday peak, lifted by a jump in UnitedHealth shares on news that Berkshire Hathaway boosted its stake. Broader markets faltered, with the S&P 500 and Nasdaq slipping as mixed economic data clouded the Federal Reserve’s next policy steps.The Dow added 34.86 points, or 0.08%, to 44,946.12. The S&P 500 fell 18.74 points, or 0.29%, to 6,449.80, while the Nasdaq Composite lost 87.69 points, or 0.40%, to 21,622.98.
European Markets
European stocks pulled back from multi-month highs Friday, as weakness in heavyweight technology and financial shares outweighed gains from earnings reports, while investors kept a close watch on a key U.S.-Russia summit.The pan-European Stoxx 600 slipped 0.1% after earlier touching its highest level in nearly five months.
Tech View
The Nifty witnessed a lackluster trading session, remaining range-bound ahead of the Trump–Putin meeting on Friday, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the overall sentiment is likely to favour bullish trades as long as the index holds above 24,337.
“On the higher side, resistance is placed at 24,660 and 24,850, while a fall below 24,337 could trigger a resumption of the bearish trend,” said De.
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Most active stocks in terms of turnover
Muthoot Finance (Rs 2,421 crore), Infosys (Rs 1,873 crore), HDFC Bank (Rs 1,743 crore), Eternal (Rs 1,451 crore), HBL Power (Rs 1,312 crore), Vishal Mega Mart (Rs 1,174 crore) and ICICI Bank (Rs 1,081 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: 57.32 crore), Ola Electric Mobility (Traded shares: 18.42 crore), Vishal Mega Mart (Traded shares: 7.95 crore), Suzlon Energy (Traded shares: 6.14 crore), NMDC Steel (Traded shares: 5.90 crore), Tata Steel (Traded shares: 4.72 crore) and Eternal (Traded shares: 4.58 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Muthoot Finance, Pfizer, Coromandel International, Chalet Hotels, Manappuram Finance, Bajaj Housing Finance and Techno Electric were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 122 stocks hit their 52 week highs today while 106 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Eternal and Mahindra & Mahindra.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Suven Pharma, NMDC Steel, EIH, Nava Ltd, Engineers India, NMDC and Bata India.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,215 stocks that traded on the BSE on Thursday, 2,414 stocks witnessed declines, 1,659 saw advances, while 142 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)
