The Nifty fell 0.36 percent this week to close at 26,046, while the Sensex fell 0.17 percent to close at 85,267.
This is how analysts read the market pulse:
Global risk appetite improved after the US Fed rate cut, boosting liquidity optimism and boosting domestic equities despite the rupee hitting record lows and continued FII outflows, said Vinod Nair, head of research at Geojit Investments, adding that Auto, Metals, Consumer Sustainables and Realty led gains, while FMCG and PSU Banks underperformed.
“Broader indices are showing buying interest and recovering after recent consolidation. India’s November CPI expected today is expected to remain within the RBI’s comfort zone, reinforcing policy stability expectations. Short-term focus: rupee levels, FII flows and trade talks, with global cues from the BoJ (likely to rise), the ECB and policy signals from the BoE,” Nair said.
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American markets
U.S. stocks fell sharply on Friday, with the S&P 500 and Nasdaq down more than 1 percent as investors moved out of heavyweight tech names amid fresh unrest over lofty artificial intelligence valuations.The Nasdaq Composite fell 398.69 points, or 1.69%, to 23,195.17, while the S&P 500 fell 73.59 points, or 1.07%, to end at 6,827.41. The S&P 500 fell 0.63% this week and the Nasdaq fell 1.62%.
European markets
European shares advanced on Friday and were on track for a third consecutive weekly gain, buoyed by Wall Street’s rally as investors welcomed the Federal Reserve’s rate cut and bet on further policy easing in 2026.
The pan-European Stoxx 600 rose 0.4% to 583.56 by mid-morning in London, a day after its strongest single-session gain in more than two weeks. The index traded within range of an intraday record high, underscoring improved risk appetite in regional markets.
Technical view
The Nifty has bounced back above 26,000 after a brief spell of weakness, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the index closed higher on Friday and regained the 21EMA.
“On the 4-hour chart, the RSI is in a bullish crossover, indicating improving momentum. In the short term, the trend is likely to remain constructive as long as the index remains above 25,900, which is expected to serve as a key support level. On the higher side, the index could move towards 26,300 in the short term,” De said.
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Most active stocks in terms of turnover
Kaynes Technology (Rs 3,050 crore), Hindustan Zinc (Rs 2,180 crore), Hindustan Copper (Rs 1,679 crore), Transformers & Rectifiers (Rs 1,659 crore), InterGlobe Aviation (Rs 1,642 crore), Vodafone Idea (Rs 1,313 crore) and HDFC Bank (Rs 1,642 crore) 1,201 crore) were among the most active stocks on BSE by value. 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. 114.30 crore), GMR Airports (shares traded: Rs. 7.16 crore), YES Bank (shares traded: Rs. 6.58 crore), Transformers & Rectifiers (shares traded: Rs. 6.23 crore), Ola Electric Mobility (shares traded: Rs. 5 crore), Hindustan Copper (shares traded: Rs. 4.45 crore) and Suzlon Energy (shares traded: Rs. 4.25 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of Transformers & Rectifiers, Anant Raj, Hindustan Zinc, Hindustan Copper, GMR Airports, Choice International and CCL Products were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 95 stocks hit their 52-week highs today, while 96 stocks fell to their 52-week lows. Among those that hit their 52-week highs were Vodafone Idea and Hindustan Zinc.
Stocks are experiencing selling pressure
Stocks that witnessed significant selling pressure were SKF India (Industrial), Tata Teleservices, Jubilant Food, DCM Shriram, KFIN Technologies, HUL and PI Industries.
Sentiment meter bullish
Market sentiment was bullish. Of the 4,356 shares traded on the BSE on Friday, 1,642 shares saw a decline, 2,552 rose, while 162 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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