The NSE Nifty advanced 19.25 points, or 0.08%, to finish at 24,734.30, while the BSE Sensex jumped 150.30 points, or 0.19%, to settle at 80,718.01.
Here’s how analysts read the market pulse:
After a promising start, the domestic market closed almost flat as profit booking emerged across the market except for consumption-oriented beneficiary sectors such as Auto, Finance, and FMCG, said Vinod Nair, Head of Research at Geojit Investments, adding that the in-line outcome of GST rationalisation and ongoing tariff threats from the US exerted a negative impact on the market today.
“Sectors such as Textiles, Equipment Manufacturers, Metals, Auto Ancillaries, Seafood, Basmati, Jewellery, IT, and Pharma are likely to experience more impact, which will be mitigated by an increase in domestic consumption like Durables, Discretionary, Staples, Hotels, FMCG, Electronics, and Autos,” said Nair.
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Tech View
The Nifty pared most of its gains after a gap-up start driven by optimism over GST reforms, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the daily close was just below the 21 EMA, indicating a continuation of weakness, although the index appears to be nearing a potential trend reversal.“A decisive move above 24,750 could provide the strength needed for the Nifty to move towards 25,000. A sustained move above 25,000 could trigger a further rally. On the other hand, failure to close above 24,750 within the next two to three days may lead to renewed selling pressure on the index,” 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
Ola Electric Mobility (Rs 4,976 crore), Mahindra & Mahindra (Rs 2,656 crore), Bajaj Finance (Rs 2,038 crore), RIL (Rs 1,804 crore), HDFC Bank (Rs 1,692 crore), Netweb Technologies (Rs 1,659 crore), and Aptus Value Housing (Rs 1,498 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 the highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 79.53 crore), Ola Electric Mobility (Traded shares: 74.72 crore), YES Bank (Traded shares: 9.98 crore), Vishal Mega Mart (Traded shares: 4.82 crore), Suzlon Energy (Traded shares: 4.55 crore), Aptus Value Housing (Traded shares: 4.52 crore) and Eternal (Traded shares: 4.33 crore) and were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of DOMS Industries, Bata India, Mahindra & Mahindra, Syrma SGS Technology, Netweb Technologies, Bajaj Finance and Emami were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 141 stocks hit their 52-week highs today, while 50 stocks slipped to their 52-week lows. Among the ones which hit their 52-week highs were Maruti Suzuki, UltraTech Cement and Mahindra & Mahindra.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Maruti Suzuki, IndusInd Bank, HCL Tech, Power Grid, NTPC, Infosys and RIL.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,280 stocks that traded on the BSE on Thursday, 2,325 stocks witnessed declines, 1,809 saw advances, while 146 stocks remained unchanged.
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(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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