This is how analysts read the market pulse:
The domestic market recovered, supported by signs of relief after President Trump’s positive comments at the Davos meeting on Greenland and the tariffs, said Vinod Nair, head of research at Geojit Investments. Nevertheless, market sentiment remained cautious amid continued rupee weakness and continued FII outflows. “Initial corporate earnings have done little to support current valuation levels. Nevertheless, investors have not ruled out the potential upside from a robust domestic demand environment, which could become more visible in the upcoming round of quarterly earnings announcements. Looking ahead, markets will be closely watching US GDP growth and core inflation data later today, as well as the BoJ’s policy decision tomorrow, for further clues,” Nair said.
Also read | 5 Wall Street Moguls Who Dismissed Bitcoin as a Fad – Guess What They’re Saying Now!
American markets
Stocks on Wall Street opened higher on Thursday, extending a relief rally after President Donald Trump pushed back on tariffs on European countries linked to his ambition to acquire Greenland.
“Now that Trump has once again withdrawn all his threats, the market is breathing a sigh of relief,” said Sam Stovall of CFRA Research.
But Stovall also described the market as “vigilant,” aware that Trump “could come up with another plan to somewhat disrupt relations with our major trading partners.”
Appearing at the World Economic Forum on Wednesday, Trump said he would not use force to take over Greenland.
Later on Wednesday, Trump said he had reached a “framework for a future deal” after a meeting with NATO chief Mark Rutte, and would therefore abandon tariffs that would hit European allies on February 1.
European markets
Relief from Trump’s change of course caused the European STOXX 600 index to rise more than 1%.
According to LSEG I/B/E/S data, European companies are expected to report an average 4.2% decline in fourth-quarter earnings in the fourth quarter of 2025, slightly worse than the 4.1% decline analysts expected a week ago.
These would be the worst earnings figures of the past seven quarters.
Revenue prospects also took a hit and are now expected to contract 3.5% from last year, according to LSEG data. That’s worse than the 2.9% drop expected last week.
Technical view
The Nifty consolidated after a positive start supported by strong global cues but faced resistance around the 38.20% Fibonacci retracement level, resulting in a decline from the day’s high of 25,435 to 25,168 before closing near the midpoint of the session range, said Rupak De, Senior Technical Analyst at LKP Securities.
“While the index managed to close above the 200DMA for the second day in a row, overall sentiment remains weak as reflected by the elevated India VIX, which stood at 13.35,” De said, adding that the index is likely to remain volatile in the near term on Friday.
Resistance is in the 25,480-25,500 zone, while there is support around 25,125, De said.
Also read | Warren Buffett’s Biggest Investment Isn’t Apple, BofA or Coca-Cola – It’s a Stock Hidden in Plain Sight
Most active stocks in terms of turnover
Eternal (Rs 4,438 crore), HDFC Bank (Rs 4,083 crore), Waaree Energies (Rs 2,633 crore), ICICI Bank (Rs 2,311 crore), RIL (Rs 2,207 crore), Hindustan Zinc (Rs 1,893 crore) and CreditAccess Grameen (Rs 1,554 crore) were among the most active stocks by value BSE. Higher activity in a counter in terms of value can help identify the counters with the highest trading turnover per day.
Most active stocks by volume
Vodafone Idea (Shares traded: Rs 53.3 crore), Eternal (Shares traded: Rs 15.49 crore), YES Bank (Shares traded: Rs 9.39 crore), Suzlon Energy (Shares traded: Rs 5.62 crore), Ola Electric Mobility (Shares traded: Rs 4.89 crore), SAIL (Shares traded: Rs 4.58 crore) and HDFC Bank (Shares traded: Rs 4.44 crore) were among the most actively traded stocks on NSE in terms of volume.
Stocks that show buying interest
Shares of Waaree Energies, Minda Corporation, Schneider, Welspun India, CreditAccess Grameen, Trident Ltd and Granules India were among the stocks that witnessed strong buying interest from market participants.
Also read | Tata Motors Commercial Vehicles shifts into top gear on debut after demerger. Here are 7 takeaways from the list
52 Week High
More than 69 stocks hit their 52-week highs today, while 276 stocks fell to their 52-week lows. Bank of India and SBI were among those that hit 52-week highs.
Stocks see selling pressure
Stocks that witnessed significant selling pressure included IIFL Finance, PNB Housing, Aditya Birla Lifestyle Brands, OneSource Specialty, Kalyan Jewelers India, Hindustan Copper and Tata Communications.
Sentiment meter bullish
Market sentiment was bullish. Of the 4,385 shares traded on the BSE on Thursday, 1,280 shares witnessed a decline, 2,951 a rise, while 154 shares remained unchanged.
Also read | Ola Electric vs Ather Energy shares: Which EV bet looks best for your portfolio right now?
(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
#Ahead #Market #Determine #Stock #Market #Action #Friday