This is how analysts read the market pulse:The market managed to close in the green, supported by banking and FMCG stocks, while the NDA victory in the Bihar state elections boosted sentiment, said Vinod Nair, head of research at Geojit Investments, adding that a positive turnaround in Q2 FY26 results and benign inflation make the earnings outlook for Q2 FY26 brighter.
“Investors are looking for additional catalysts for a decisive move from current levels. The upcoming RBI policy meeting and any clues on the US trade deal are expected to keep market sentiment optimistic,” Nair said.
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The Nasdaq managed to close in positive territory, while the S&P 500 was slightly lower after an early decline that dragged all three major indexes down more than 1% before stabilizing.
European markets
European shares fell on Friday as hawkish signals from US policymakers dampened hopes for an impending rate cut, although the region’s benchmark still posted its strongest weekly advance since late September.
The pan-European STOXX 600 closed 1% lower at 574.81, dragged down by a 2.4% decline in banking stocks.
Technical view
The Nifty advanced and staged a surprise rally towards the end of the session, welcoming Bihar’s election mandate, said Rupak De, Senior Technical Analyst at LKP Securities. He added that it found support on the downside around the 50 EMA on the hourly chart before the sharp intraday recovery.
“Sentiment remains strong, with the potential to move towards 26,200/26,350 in the near term. While there is meaningful resistance around 26,000, the size of the late-session recovery points to a smart upside move in the coming days. On the downside, support is at 25,700, and as long as the index remains above this level, bulls are unlikely to encounter any major resistance,” De said.
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Most active stocks in terms of turnover
Sagility India (Rs 5,456 crore), Tata Motors CV (Rs 5,254 crore), ITC (Rs 2,570 crore), HDFC Bank (Rs 2,106 crore), Muthoot Finance (Rs 1,759 crore), BSE (Rs 1,624 crore) and HBL Power (Rs 1,476 crore) were among the most active stocks by value on 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 125.13 crore), Sagility India (shares traded: Rs 111.2 crore), Tata Motors CV (shares traded: Rs 16.55 crore), Motherson Sumi (shares traded: Rs 6.84 crore), ITC (shares traded: Rs 6.4 crore), YES Bank (shares traded: Rs 5.08 crore) and Suzlon Energy (shares traded: Rs 5.08 crore) 4.12 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of Ipca Labs, Transformers & Rectifiers, Muthoot Finance, HBL Power, Jubilant Food, Bharat Dynamics and Sagility India were among the stocks that witnessed strong buying interest from market participants.
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52 weeks high
More than 118 stocks hit their 52-week highs today, while 146 stocks fell to their 52-week lows. Among the companies that hit 52-week highs were Vodafone Idea and Asian Paints.
Stocks see selling pressure
Stocks that witnessed significant selling pressure included Premier Energies, Advent Hotels International, DB Realty, Sonata Software, Gujarat Mineral Development, Apollo Tires and Supreme Industries.
Sentiment Gauge: Bearish
Market sentiment was bearish. Of the 4,319 shares traded on the BSE on Friday, 2,270 shares saw a decline, 1,900 rose, while 149 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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