The BSE Sensex fell 604.72 points, or 0.72%, to close at 83,576.24, while the NSE Nifty 50 fell 193.55 points, or 0.75%, to finish the session at 25,683.30.
Here’s how analysts read the market pulse:
In India, the market remains in a consolidation phase due to weak global cues, rising bond yields, and persistent foreign institutional investor outflows, despite a supportive Q3 earnings outlook, said Vinod Nair, head of research at Geojit Investments. He added that domestic risk-off sentiment has intensified due to uncertainty over U.S.-India tariff negotiations and escalating geopolitical tensions.
Nair said, “Nevertheless, domestic GDP growth is expected to remain strong, and Q3 results should indicate a recovery led by midcaps, potentially stabilising investor sentiment. Despite these heightened geopolitical headwinds, the market is likely to trade within a range with a mixed bias.”
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The Nifty has extended its decline, slipping further below the 50-day exponential moving average, a sign of mounting weakness, said Rupak De, senior technical analyst at LKP Securities. He added that sustained selling pressure pushed the index to a multi-day low at the close.
“Market sentiment appears decisively negative. In the short term, the trend might remain weak, with potential downside towards 25,550–25,500. On the higher end, resistance is placed at 25,850,” De added further.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 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 on BSE in value terms. Higher value-based activity helps identify stocks with the highest trading turnover during the session.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 214.74 crore), Indian Energy Exchange (Traded shares: 22.18 crore), YES Bank (Traded shares: 10.97 crore), Suzlon Energy (Traded shares: 8.99 crore), Ola Electric Mobility (Traded shares: 8.83 crore), BHEL (Traded shares: 6.29 crore) and NMDC (Traded shares: 5.93 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing 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
Over 73 stocks hit their 52-week highs today while 326 stocks slipped to their 52-week lows. Among the ones that hit their 52-week highs were Eicher Motors and Indus Towers.
Stocks seeing 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 meter bearish
Market sentiment remained bearish on Friday. Of the 4,342 stocks traded on the BSE, 3,104 declined, 1,062 advanced, and 176 ended 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)