Here’s how analysts read the market pulse:
The Indian equity market exhibited downward movement, closing at a three-month low amid growing concerns over the impact of U.S. tariffs on Indian exports, said Vinod Nair, Head of Research, Geojit Investments. He added that FIIs remained net sellers, intensifying pressure on domestic indices.
“The pessimism was broad-based, with realty and metals bearing the biggest brunt. Additionally, global financial institutions have begun revising India’s economic outlook downward, citing the adverse effects of the ongoing tariff concerns. Growth projections for 2025 and 2026 have been lowered, reflecting heightened uncertainty surrounding India’s trade and macroeconomic environment.”
US markets
US stocks climbed on Friday, with the Nasdaq closing at a record high for the second consecutive session as technology shares led the advance. Gains in Apple and other tech heavyweights, coupled with optimism over potential interest-rate cuts, fueled the rally.
The Dow Jones Industrial Average added 206.97 points, or 0.47%, to 44,175.61. The S&P 500 rose 49.45 points, or 0.78%, to 6,389.45, while the Nasdaq Composite advanced 207.32 points, or 0.98%, to 21,450.02.
European markets
European stocks notched their biggest weekly advance in three months on Friday, lifted by gains in banking shares as investors monitored developments toward a possible Russia-Ukraine ceasefire.
The pan-European STOXX 600 added 0.2% on the day, extending its weekly rise to 2.2%.
Tech view
The Nifty moved southward as it failed to sustain above the 50 EMA on the hourly chart, indicating prevailing selling pressure, said Rupak De, Senior Technical Analyst at LKP Securities. He added that the index closed below the crucial support level of 24,400, highlighting the strength of the bears.
“Sentiment was already tilted in favour of the bears, with the index forming a lower-top, lower-bottom pattern. The short-term trend remains weak, with potential downside towards 24,150–24,200. On the higher side, resistance is seen at 24,475–24,500.”
Most active stocks in terms of turnover
Bharti Airtel (Rs 17,550 crore), Kalyan Jewellers (Rs 1,885 crore), BSE (Rs 1,613 crore), Infosys (Rs 1,431 crore), Cummins India (Rs 1,378 crore), HDFC Bank (Rs 1,375 crore), and PG Electroplast (Rs 1,337 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify stocks with the highest trading turnovers during the day.
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Most active stocks in volume terms
Vodafone Idea (37.33 crore shares traded), Bharti Airtel (9.38 crore), JP Power (5.79 crore), Suzlon Energy (4.43 crore), Sagility India (3.61 crore), YES Bank (3.59 crore), and Kalyan Jewellers (3.43 crore) were among the most actively traded stocks by volume on NSE.
Stocks showing buying interest
Shares of Global Health, Kalpataru Power, Sai Life Science, GIC, Bank of Maharashtra, Cummins India, and Kajaria Ceramics witnessed strong buying interest from market participants.
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52-week high
Over 119 stocks hit their 52-week highs today, while 110 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks witnessing significant selling pressure included PG Electroplast, Kalyan Jewellers, Titagarh Wagons, Biocon, Ramco Cements, Coforge, and Jindal Stainless.
Sentiment meter: bearish
Market sentiment was bearish. Out of the 4,173 stocks that traded on the BSE on Friday, 2,548 stocks declined, 1,503 advanced, while 122 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)
