The Indian stock market ended higher on Friday, marking its third consecutive weekly gain, supported by optimism over a potential India-U.S. trade deal and steady foreign inflows, as foreign portfolio investors continued their buying streak for the 11th straight session.
The benchmark BSE Sensex added 259.75 points or 0.32% to close at 80,501.99, while the broader Nifty 50 index closed at 24,346.70, higher by 12.50 points or 0.05%.
Here's how analysts read the market pulse:
Despite growing global optimism and heightened expectations surrounding a potential trade agreement between the U.S. and India, market gains were trimmed, with indices remaining largely flat due to escalating tensions along the LoC, said Vinod Nair, Head of Research at Geojit Financial Services.
“The recent rally also triggered profit booking and rotation across sectors from broad indices to IT stocks. Muted Q4 results are also not providing enough support to sustain last month's optimism. Nevertheless, renewed momentum in U.S.-China trade negotiations and a weakening dollar are seen as positive drivers for EMs like India in the medium term," Nair added.
US Markets
Wall Street stocks climbed on Friday, marking a second consecutive week of gains, supported by robust economic data and signs of easing trade tensions between the United States and China.
The Dow Jones Industrial Average advanced 564.47 points, or 1.39%, to close at 41,317.43. The S&P 500 rose 82.54 points, or 1.47%, to 5,686.68, while the Nasdaq Composite added 266.99 points, or 1.51%, ending at 17,977.73.
European Markets
European shares rallied on Friday, rounding off a week dominated by corporate earnings, as easing trade tensions between the United States and China and a steady U.S. jobs report encouraged investor risk appetite.
The pan-European STOXX 600 index jumped 1.7%, nearing its highest closing level since April 2 — before global markets were unsettled by U.S. President Donald Trump's now-postponed "reciprocal" tariffs on key trading partners.
Tech View
The Nifty witnessed a bout of volatility during the week, slipping sharply after facing rejection around the 24,550 level, said Rupak De, Senior Technical Analyst at LKP Securities. On the daily chart, a long upper-wick candle suggests selling pressure at higher levels.
"Going forward, support is placed at 24,250; a fall below this level might trigger a correction toward 24,000. Additionally, the index may remain range-bound within the 24,000–24,550 band. Only a decisive breakout above 24,550 may lead to a decent rally in the index," De noted.
Most active stocks in terms of turnover
Sonata Software (Rs 2,531 crore), Reliance Industries Ltd (Rs 2,489 crore), Eternal (Rs 2,456 crore), Mazagon Dock Shipbuilders (Rs 2,416 crore), HDFC Bank (Rs 2,202 crore), Bajaj Finance (Rs 1,925 crore), and BSE (Rs 1,638 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the stocks with the highest trading turnover during the day.
Most active stocks in volume terms
Vodafone Idea (36.15 crore shares), Eternal (10.49 crore), Vishal Mega Mart (5.84 crore), Sonata Software (5.71 crore), YES Bank (5.58 crore), Indian Oil Corp (5.19 crore), and Reliance Power (4.65 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Timken India, Jubilant Ingrevia, CreditAccess Grameen, RailTel Corp, Elecon Engineering, Usha Martin, and Crisil witnessed strong buying interest from market participants.
52-week high
Over 67 stocks hit their 52-week highs on Friday, including ICICI Bank, while 58 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks that witnessed significant selling pressure included Godrej Agrovet, Phoenix Mills, Data Patterns (India), Indus Towers, KFIN Technologies, JSW Steel, and Aavas Financiers.
Sentiment meter bearish
Market sentiment remained bearish. Out of the 4,085 stocks that traded on the BSE on Friday, 2,244 stocks declined, 1,702 advanced, and 139 remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The benchmark BSE Sensex added 259.75 points or 0.32% to close at 80,501.99, while the broader Nifty 50 index closed at 24,346.70, higher by 12.50 points or 0.05%.
Here's how analysts read the market pulse:
Despite growing global optimism and heightened expectations surrounding a potential trade agreement between the U.S. and India, market gains were trimmed, with indices remaining largely flat due to escalating tensions along the LoC, said Vinod Nair, Head of Research at Geojit Financial Services.
“The recent rally also triggered profit booking and rotation across sectors from broad indices to IT stocks. Muted Q4 results are also not providing enough support to sustain last month's optimism. Nevertheless, renewed momentum in U.S.-China trade negotiations and a weakening dollar are seen as positive drivers for EMs like India in the medium term," Nair added.
US Markets
Wall Street stocks climbed on Friday, marking a second consecutive week of gains, supported by robust economic data and signs of easing trade tensions between the United States and China.
The Dow Jones Industrial Average advanced 564.47 points, or 1.39%, to close at 41,317.43. The S&P 500 rose 82.54 points, or 1.47%, to 5,686.68, while the Nasdaq Composite added 266.99 points, or 1.51%, ending at 17,977.73.
European Markets
European shares rallied on Friday, rounding off a week dominated by corporate earnings, as easing trade tensions between the United States and China and a steady U.S. jobs report encouraged investor risk appetite.
The pan-European STOXX 600 index jumped 1.7%, nearing its highest closing level since April 2 — before global markets were unsettled by U.S. President Donald Trump's now-postponed "reciprocal" tariffs on key trading partners.
Tech View
The Nifty witnessed a bout of volatility during the week, slipping sharply after facing rejection around the 24,550 level, said Rupak De, Senior Technical Analyst at LKP Securities. On the daily chart, a long upper-wick candle suggests selling pressure at higher levels.
"Going forward, support is placed at 24,250; a fall below this level might trigger a correction toward 24,000. Additionally, the index may remain range-bound within the 24,000–24,550 band. Only a decisive breakout above 24,550 may lead to a decent rally in the index," De noted.
Most active stocks in terms of turnover
Sonata Software (Rs 2,531 crore), Reliance Industries Ltd (Rs 2,489 crore), Eternal (Rs 2,456 crore), Mazagon Dock Shipbuilders (Rs 2,416 crore), HDFC Bank (Rs 2,202 crore), Bajaj Finance (Rs 1,925 crore), and BSE (Rs 1,638 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the stocks with the highest trading turnover during the day.
Most active stocks in volume terms
Vodafone Idea (36.15 crore shares), Eternal (10.49 crore), Vishal Mega Mart (5.84 crore), Sonata Software (5.71 crore), YES Bank (5.58 crore), Indian Oil Corp (5.19 crore), and Reliance Power (4.65 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Timken India, Jubilant Ingrevia, CreditAccess Grameen, RailTel Corp, Elecon Engineering, Usha Martin, and Crisil witnessed strong buying interest from market participants.
52-week high
Over 67 stocks hit their 52-week highs on Friday, including ICICI Bank, while 58 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks that witnessed significant selling pressure included Godrej Agrovet, Phoenix Mills, Data Patterns (India), Indus Towers, KFIN Technologies, JSW Steel, and Aavas Financiers.
Sentiment meter bearish
Market sentiment remained bearish. Out of the 4,085 stocks that traded on the BSE on Friday, 2,244 stocks declined, 1,702 advanced, and 139 remained unchanged.
(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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