This is how analysts read the market pulse:
The possible resolution of the US government shutdown, coupled with renewed buying of financial instruments driven by a favorable earnings season in the second quarter, supported positive sentiment in the market, said Vinod Nair, head of research at Geojit Investments. He added that the rise in US 10-year Treasury yields reflects an improvement in risk sentiment towards equities with the reopening of the federal government. “At the national level, strengthening macroeconomic indicators are expected to support upward earnings estimate revisions for the second half of FY26. This strengthens current valuations and is likely to attract incremental liquidity. Sectorally, the IT index outperformed, supported by expectations of stabilization in demand,” Nair said.
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American markets
Wall Street’s major indexes rose Monday, following signs of progress in Washington to end a record government shutdown that has delayed the release of economic data and raised concerns about the state of the economy. In a procedural vote on Sunday, senators advanced a House-passed bill that would be amended to fund the government through Jan. 30. If passed by the Senate, it would require House approval and President Donald Trump’s signature, which could take several days.
European markets
European shares benefited from this positive sentiment, with the pan-European STOXX 600 up around 1.4%, while Diageo shares soared after the world’s largest spirits maker appointed a new CEO.
Technical view
The Nifty traded within a narrow range of 25,500-25,650 during the session, said Rupak De, Senior Technical Analyst at LKP Securities. He added that on the higher side, the index encountered resistance near the 50 EMA while failing to sustain above the 21 EMA at the close, a signal that weakness could persist for the next one to two sessions.”From a broader perspective, the index has gained support along the upper band of the descending channel on the daily time frame, indicating that the broader structure remains intact. However, a decisive move above 25,600 will be crucial to confirm the resumption of a directional upward move. Until then, the index is likely to continue its sideways consolidation phase,” De said.
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Most active stocks in terms of turnover
HBL Power (Rs 2,947 crore), Trent (Rs 2,935 crore), NALCO (Rs 1,848 crore), BSE (Rs 1,629 crore), HDFC Bank (Rs 1,577 crore), Bharti Airtel (Rs 1,504 crore) and Infosys (Rs 1,479 crore) were among the most active stocks on BSE in terms of 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 53.61 crore), Reliance Power (Shares traded: Rs 10.76 crore), NALCO (Shares traded: Rs 7.26 crore), Suzlon Energy (Shares traded: Rs 6.30 crore), YES Bank (Shares traded: Rs 4.87 crore), SAIL (Shares traded: Rs 4.13 crore), Nykaa (Shares traded: Rs 3.56 crore) were among the most actively traded stocks on NSE in terms of volume.
Stocks that show buying interest
Shares of HBL Power, NALCO, UNO Minda, Torrent Pharma, Balrampur Chini, JB Chemicals and Nykaa were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 193 stocks hit their 52-week highs today, while 199 stocks fell to their 52-week lows. Among those who hit their 52-week high were
BHEL and SAIL.
Stocks see selling pressure
Stocks that saw significant selling pressure included Transformers & Rectifiers, JM Financial, Trent, Graphite India, Schneider, HEG and Global Health.
Sentiment gauge bearish
Market sentiment was bearish. Of the 4,513 shares traded on the BSE on Monday, 2,423 shares saw a decline, 1,918 rose, while 172 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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