The BSE Sensex closed 747 points or 0.92%to close at 82,188, while the NSE Nifty rose 252 points or 1.02%to 25,003.
Analyzer reactions
Vinod Nayar, a research head of GeoGit Financial Services, said the Indian stock market has optimized the RBI’s surprising and aggressive growth-growing policy. CRR reduction ensures significant rate reduction and liquidity promotion, strengthening RBI commitment to support economic growth, accelerating investments and stimulating consumption, ensuring rapid transition of low rates.
“Expectations for reducing the rate of more than the neutral trend of the RBI are central expectations. There are concerns over the demand environment reflected in the forecast of GDP growth for FY26. However, immediate fluid expansion and growth-central measures should support investors’ confidence in global uncertainties.” He added that the rally is leading the rally, including banking, real estate, automobiles and customer sustainers.
US
US stocks ended Friday, excited by Jobs’ reports, expecting more than the economic downturn concerns. Tesla also recovered some grounds after selling Sell Bhoop in the previous session.
The Dow Jones Industrial Dyogic average rose 442.88 points (1.05%) to 42,762.62. The S&P 500 advance has risen from 61.02 points (1.03%) to 6,000.32, while the Nasdaq composite increased 231.50 points (1.20%) to 19,529.95.
European markets
European stocks extend their winning series for the second consecutive week, U.S. Supported by Jobs’ strong data and concerns on trade stress. Pan-European Stocks 600 rose 0.3% on Friday with a 0.6% gain with a week.
Technical view
According to Rupak D, senior technical analyst at LKP Securities, the Nifty has increased sharply following the RBI policy move and closed above 25,000 marks after several sessions indicating increased optimism. “Typically, the rally followed by consolidation results in a breakout above. Even this time, we expect the Nifty to erupt above the latest consolidation range.”
“On the high side, the resistance is placed at 25,150. A move above this level – or near the top 25,000 – can push the index to 25,350. On loss, support is found at 24,850. This can weaken the current rally and trigger profit booking.”
Most active stocks by turnover
In terms of value, the most actively traded stocks on BSE (Rs. 4,533 crore), BSE (Rs. 3,061 crore), HDFC Bank (Rs.
Most active stocks by volume
On the NSE, Vodafone Idea (39.88 crore shares), Reliance Power (13.64 crore), IDFC First Bank (12.17 crore), Yes Bank (11.21 crore), JP Power (9.26 crore), Suzlon Energy (7.59 crore), LEDs.
Stocks with buying interest
Godrej Industries, Newland Labs, Ramakrishna forgiveness, Century Textiles, Cholmandalum Financial Holdings, IDFC First Bank and ICICI Lombard saw a strong purchase interest.
52-weekly S Niglia and Low
On Friday, more than 119 stocks, including HDFC Bank, were reduced to their 52-week S., while 43 stocks fell at 52-week low.
Stock market
Shares facing significant sales pressure include ABB Power, Jyoti CNC Automation, Zen Technologies, GRSE, Lloyds Metals, G T&D India and Gillette India.
Sentiment meter: neutral
Overall, the market spirit was neutral. Of the 4,156 stocks trading on the BSE, 2,194 advanced, 1,832 fell, and 130 remained unchanged.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
(Now you can subscribe to our Etmarkets WhatsApp channel)
