10 things that will decide D-Street action on Friday
The Indian market closed lower on Thursday, dragged down by losses in financial and IT stocks, as investor sentiment turned cautious amid lingering uncertainty over Federal Reserve Chair Jerome Powell’s tenure and hopes pinned on a favourable outcome from the ongoing US-India trade talks.
The Sensex shed 375.24 points, or 45%, to close at 82,259.24, while the Nifty 50 fell 100.60 points, or 0.40%, to settle at 25,111.45.
Here's how analysts read the market pulse:
Indian equity benchmarks ended marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors, said Vinod Nair, Head of Research, Geojit Investments, adding that "market participants remained sidelined due to elevated valuations of large-cap stocks and FII outflows owing to the uncertainty regarding US-India trade deal; however, any positive developments could amplify market sentiment."
"Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase. The domestic macro fundamentals, like GDP growth and the stable inflationary trend, remain supportive in the medium to long-term," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
Wall Street chased new record highs Thursday, while main European and Asian stock markets also rose as investors mulled the US rates outlook and the future of Federal Reserve boss Jerome Powell.
The dollar lost momentum after earlier rising against main rivals while the US tariffs battle and the earnings season -- with Netflix set to kick off tech sector results -- influenced market direction.
Market observers have been carefully watching developments following reports that US President Donald Trump, fresh from unveiling new tariff threats, was considering whether to sack Powell.
European Markets
European shares snapped a four-day losing streak on Thursday, boosted by gains in industrials ABB and Legrand after they reported positive earnings news.
The pan-European STOXX 600 index closed 1% higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5%, while France's CAC 40 added 1.3%.
Swiss engineering group ABB jumped almost 10% after posting its highest quarterly order intake yet, driven by demand for products used in data centres to support artificial intelligence.
Tech View
The Nifty remained mostly under selling pressure throughout the day as the index failed to move beyond the crucial resistance level of 25,260, leading to long unwinding, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the hourly chart, a consolidation breakout is visible, indicating weakening bullish momentum.
"The current sentiment appears bearish and may drag Nifty towards the 24,920–24,900 zone in the short term. On the higher side, 25,260 is likely to remain a strong resistance," said De.
Also read | 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 2,244 crore), SBI (Rs 1,925 crore), ICICI Bank (Rs 1,831 crore), RIL (Rs 1,754 crore), Sona BLW Precision (Rs 1,648 crore), Thermax (Rs 1,560 crore) and Bharti Airtel (Rs 1,210 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 34.51 crore), Alok Industries (Traded shares: 27.41 crore), Ola Electric Mobility (Traded shares: 16.83 crore), JP Power (Traded shares: 15.52 crore), YES Bank (Traded shares: 4.91 crore), Network18 Media (Traded shares: 4.29 crore) and Sona BLW Precision (Traded shares: 3.43 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Sona BLW Precision, Thermax, Adani Wilmar, Alok Industries, ABB Power, R R Kabel and Craftsman Automation were among the stocks that witnessed strong buying interest from market participants.
Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
52 Week high
Over 149 stocks hit their 52 week highs today while 40 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Newgen Software, JP Power, Network18 Media, Bharat Dynamics, Swan Energy, Tech Mahindra and Engineers India.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,199 stocks that traded on the BSE on Thursday, 2,085 stocks witnessed declines, 1,957 saw advances, while 157 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Sensex shed 375.24 points, or 45%, to close at 82,259.24, while the Nifty 50 fell 100.60 points, or 0.40%, to settle at 25,111.45.
Here's how analysts read the market pulse:
Indian equity benchmarks ended marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors, said Vinod Nair, Head of Research, Geojit Investments, adding that "market participants remained sidelined due to elevated valuations of large-cap stocks and FII outflows owing to the uncertainty regarding US-India trade deal; however, any positive developments could amplify market sentiment."
"Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase. The domestic macro fundamentals, like GDP growth and the stable inflationary trend, remain supportive in the medium to long-term," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
Wall Street chased new record highs Thursday, while main European and Asian stock markets also rose as investors mulled the US rates outlook and the future of Federal Reserve boss Jerome Powell.
The dollar lost momentum after earlier rising against main rivals while the US tariffs battle and the earnings season -- with Netflix set to kick off tech sector results -- influenced market direction.
Market observers have been carefully watching developments following reports that US President Donald Trump, fresh from unveiling new tariff threats, was considering whether to sack Powell.
European Markets
European shares snapped a four-day losing streak on Thursday, boosted by gains in industrials ABB and Legrand after they reported positive earnings news.
The pan-European STOXX 600 index closed 1% higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5%, while France's CAC 40 added 1.3%.
Swiss engineering group ABB jumped almost 10% after posting its highest quarterly order intake yet, driven by demand for products used in data centres to support artificial intelligence.
Tech View
The Nifty remained mostly under selling pressure throughout the day as the index failed to move beyond the crucial resistance level of 25,260, leading to long unwinding, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the hourly chart, a consolidation breakout is visible, indicating weakening bullish momentum.
"The current sentiment appears bearish and may drag Nifty towards the 24,920–24,900 zone in the short term. On the higher side, 25,260 is likely to remain a strong resistance," said De.
Also read | 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 2,244 crore), SBI (Rs 1,925 crore), ICICI Bank (Rs 1,831 crore), RIL (Rs 1,754 crore), Sona BLW Precision (Rs 1,648 crore), Thermax (Rs 1,560 crore) and Bharti Airtel (Rs 1,210 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 34.51 crore), Alok Industries (Traded shares: 27.41 crore), Ola Electric Mobility (Traded shares: 16.83 crore), JP Power (Traded shares: 15.52 crore), YES Bank (Traded shares: 4.91 crore), Network18 Media (Traded shares: 4.29 crore) and Sona BLW Precision (Traded shares: 3.43 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Sona BLW Precision, Thermax, Adani Wilmar, Alok Industries, ABB Power, R R Kabel and Craftsman Automation were among the stocks that witnessed strong buying interest from market participants.
Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
52 Week high
Over 149 stocks hit their 52 week highs today while 40 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Newgen Software, JP Power, Network18 Media, Bharat Dynamics, Swan Energy, Tech Mahindra and Engineers India.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,199 stocks that traded on the BSE on Thursday, 2,085 stocks witnessed declines, 1,957 saw advances, while 157 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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