This is how analysts read the market pulse:
In India, the market remains in a consolidation phase due to weak global cues, rising bond yields and continued outflows from foreign institutional investors, despite supportive third-quarter earnings prospects, said Vinod Nair, head of research at Geojit Investments. He added that domestic risk sentiment has increased due to uncertainty over US-India tariff negotiations and escalating geopolitical tensions.Nair said: “Nonetheless, domestic GDP growth is expected to remain strong, and Q3 results should indicate a mid-cap-led recovery, potentially stabilizing investor sentiment. Despite these heightened geopolitical headwinds, the market is likely to trade within a mixed-bias range.”
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The Nifty has continued its decline and has fallen further below the 50-day exponential moving average, a sign of increasing weakness, said Rupak De, senior technical analyst at LKP Securities. He added that continued selling pressure pushed the index to a multi-day low at the end.
“Market sentiment seems decisively negative. In the short term, the trend could remain weak, with a potential downside towards 25,550-25,500. On the higher side, resistance is placed at 25,850,” De further added. 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
HDFC Bank (Rs 3,593 crore), Indian Energy Exchange (Rs 3,281 crore), Vodafone Idea (Rs 2,545 crore), Hindustan Copper (Rs 1,796 crore), ICICI Bank (Rs 1,768 crore), BHEL (Rs 1,752 crore) and Eternal (Rs 1,606 crore) were among the most active stocks by value on BSE. Higher value based activities help identify stocks with the highest trading turnover during the session.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 214.74 crore), Indian Energy Exchange (shares traded: Rs 22.18 crore), YES Bank (shares traded: Rs 10.97 crore), Suzlon Energy (shares traded: Rs 8.99 crore), Ola Electric Mobility (shares traded: Rs 8.83 crore), BHEL (shares traded: Rs 6.29 crore) and NMDC (shares traded: Rs 6.29 crore) 5.93 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of NALCO, Hindustan Zinc, Schloss Bangalore, Oil India Ltd, Coforge, Ipca Laboratories and CCL Products were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 73 stocks hit their 52-week highs today, while 326 stocks fell to their 52-week lows. Among those that hit 52-week highs were Eicher Motors and Indus Towers.
Stocks see selling pressure
Elecon Engineering Company, Indian Energy Exchange, Manappuram Finance, Force Motors, Transformers & Rectifiers, Ather Energy and Tejas Networks – stocks that witnessed significant selling pressure.
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Sentiment gauge bearish
Market sentiment remained bearish on Friday. Of the 4,342 stocks trading on the BSE, 3,104 declined, 1,062 advanced and 176 ended 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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