At the end of the session, the S&P BSE Sensex rose 130.06 points, or 0.15%, to close at 84,556.40, while the NSE Nifty 50 rose 22.80 points, or 0.09%, to end the day at 25,891.40.
This is how analysts read the market pulse:
Domestic stocks started on a positive note but gave up early gains as investors booked gains following sanctions on Russian oil and possible postponement of India-US trade talks, said Vinod Nair, head of research at Geojit Investments. He added that IT stocks, meanwhile, advanced as sentiment improved following Trump’s softer tone on H1B visas.
“FIIs are gradually returning to the Indian markets, encouraged by expectations of a recovery in earnings in the second half of FY26, supported by festive demand, tax benefits and VAT cuts. With the undercurrent in the domestic market having improved on the back of a possible India-US deal and a rise in consumer demand, the broad market is expected to do much better going forward,” Nair said.
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American markets
Wall Street was largely subdued on Thursday as lackluster earnings from Tesla and IBM cast a shadow over risk appetite, while investors kept a close eye on simmering trade tensions between the US and China.
Tesla’s third-quarter profit fell short of expectations, sending the stock down 5.3%. A sales decline offered little relief as Wall Street struggled with muted optimism all week.
The electric vehicle maker kicked off gains ahead of the ‘Magnificent Seven’ – a cohort that makes up nearly 35% of the S&P 500’s weight and could dictate the market’s next move.
IBM fell 5.4% after the company recorded a slowdown in growth in its key cloud software segment, surpassing a third-quarter profit.
European markets
The STOXX 600 index closed at a record high on Thursday, led by gains in energy stocks after the US imposed new sanctions on Russia, while investors also gauged the health of European businesses against a series of earnings reports.
The continental benchmark index ended 0.37% higher at 574.43 points.
Energy stocks rose 2.7% for their strongest session since mid-April, when crude oil prices rose 5% after the US imposed sanctions on major Russian suppliers over Moscow’s intensifying war with Ukraine.
Technical view
The Nifty completely erases its morning gains during the day; Nevertheless, the short-term trend remains strong, said Rupak De, Senior Technical Analyst at LKP Securities, adding that a large red candle has formed on the daily chart, indicating the possibility of a pullback to the 25,700 level in the next few days.
“However, the short-term trend remains intact with the potential to revisit higher levels around 26,200 in the next 10 to 15 days. On the higher side, immediate resistance is placed at 26,000, above which the index could move towards 26,200,” De said.
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Most active stocks in terms of turnover
HDFC Bank (Rs 4,410 crore), Infosys (Rs 3,116 crore), ICICI Bank (Rs 2,906 crore), RIL (Rs 2,740 crore), Axis Bank (Rs 1,847 crore), Eternal (Rs 1,799 crore) and Bharti Airtel (Rs 1,779 crore) were among the most active stocks on BSE in value terms. 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 129.62 crore), YES Bank (shares traded: Rs 13.06 crore), IDFC First Bank (shares traded: Rs 9.41 crore), Sagility India (shares traded: Rs 8.74 crore), Suzlon Energy (shares traded: Rs 7.64 crore), Adani Power (shares traded: 5.53 crore) and Eternal (shares traded: 5.42 crore) were among the most actively traded stocks in terms of volume on NSE.
Stocks that show buying interest
Shares of SCI, Birlasoft, Vardhman Textiles, KPR Mill, Vodafone Idea, Mastek Ltd and Info Edge were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 221 stocks hit their 52-week highs today, while 60 stocks fell to their 52-week lows. Axis Bank, HDFC Bank and SBI were among those that hit 52-week highs.
Stocks see selling pressure
Stocks that witnessed significant selling pressure were Eternal, Bharti Airtel, Ultratech Cement, Adani Ports SEZ, ICICI Bank, RIL and Nestle India.
Sentiment gauge bearish
Market sentiment was bearish. Of the 4,389 shares traded on the BSE on Thursday, 2,464 shares saw a decline, 1,809 rose, while 116 shares remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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