The Indian market ended in the red on Friday, reversing early gains as concerns over a potential slowdown in corporate earnings overshadowed optimism about lowerU.S. interest ratesand decliningoil prices. The downturn was primarily driven by a sell-off in pharma, real estate, and auto stocks.The benchmark BSE Sensex lost 329.92 points or 0.43% to close at 76,190.46, while the broader Nifty 50 index closed at 23,092.20, lower by 113.15 points or 0.49%.Here’s how analysts read the market pulse:The market is haywire, with sentiment so weak that even results in-line with expectations are triggering selloffs, said Vinod Nair, Head of Research atGeojit Financial Services, adding that while the broader market is under pressure, positively, large-cap stocks are showing some resilience.“From the taper-tantrum to geopolitical risks, the Indian market has borne numerous challenges in its history. Similarly, the ongoing appreciation of the USD could reverse once market yields flatten out, as the Trump administration is to sustain is slowing. This negative market bias is not expected to persist for long. For long-term investors, this is not the time to sell but rather be patient and adopt an accumulation strategy,” Nair added.US marketsWall Street’s major indexes ended Friday in the red as investors paused to evaluate mixed economic data and earnings reports, gearing up for a week packed with key economic releases and a Federal Reserve meeting.The Dow Jones Industrial Average fell 140.82 points, or 0.32%, the S&P 500 lost 17.47 points, or 0.29% and the Nasdaq Composite lost 99.38 points, or 0.50%.European MarketsEuropean shares retreated from record highs to close flat on Friday, as losses in the telecom and energy sectors, coupled with rising bond yields, applied downward pressure.The pan-European STOXX 600 index lost steam, closing unchanged at 530.07 points. Despite this dip, the benchmark index rose 1.3% over the week, marking its fifth consecutive weekly gain, its longest winning streak in nearly 10 months.Tech ViewThe Indian Nifty remained volatile with a predominantly bearish bias, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the sentiment continues to favor the bears as the index once again retreated from the day’s high.“In the short term, the bears may maintain the upper hand as long as the index fails to surpass the 23,450 level. Any rise toward the 23,350–23,450 zone is likely to encounter selling pressure. However, the downside may remain limited unless the 23,000 level is breached,” De added.Most active stocks in terms of turnoverCyient (Rs 2,084.30 crore), HDFC Bank (Rs 2,010.00 crore), Reliance Industries (Rs 1,782.72 crore), Mphasis (Rs 1,408.43 crore), Axis Bank (Rs 1,376.03 crore), Amber Enterprises (Rs 1,276.65 crore) and PayTM (Rs 1,160.68 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnove
Mer. Gen 29th, 2025
