Ahead of the market: 10 things that will determine stock market action on Monday

The Indian market closed in the red on Friday, dragged down by a sell-off in heavyweight financials and energy stocks, as corporate earnings worries dampened market sentiment, while IT stocks emerged as the only gainers after sector leader TCS’s quarterly update. demand recovery.

The benchmark BSE Sensex ended down 241.30 points, or 0.31%, at 77,378.91, while the broader Nifty 50 index ended 95.00 points, or 0.4% lower, at 23,431.50.

Here’s how analysts read the pulse of the market:

Commenting on the day’s action, Vinod Nair, head of research at Geojit Financial Services, said domestic market sentiment remained subdued due to rising crude oil prices, supply concerns and a strengthening dollar index.

“Despite the resilience of the IT sector following positive early Q3 results, broader indices were buoyed by uncertainties surrounding Trump policies and higher valuations. Consolidation may continue in the near term, though investors closely watched US non-farm payrolls data today for further guidance. have been,” Nair added.

US markets

US stocks fell on Friday as the S&P 500 erased its 2025 gains following a stronger-than-expected jobs report. Strong labor market data has reignited inflation concerns, leading investors to bet that the Federal Reserve will maintain a cautious stance on cutting interest rates this year.

The Dow Jones Industrial Average fell 696.75 points, or 1.63%, the S&P 500 lost 91.21 points, or 1.54%, and the Nasdaq Composite fell 317.25 points, or 1.63%.

European markets

European stocks ended their sharpest decline in three weeks on Friday as a strong US jobs report stoked inflation concerns and bolstered expectations of the Federal Reserve’s cautious approach to rate cuts.

The pan-European STOXX 600 fell 0.8%, marking its biggest single-day decline since Dec. 20. Despite the slowdown, the index managed to secure its best weekly performance in a month.

Tech View

Bearish pressure continues to mount with the Nifty closing below 23,500 for the first time in many days, said Rupak De, senior technical analyst at LKP Securities.

“The index remains below the crucial 50 EMA, which supports the bearish trend. Additionally, the RSI remains in a negative crossover, indicating weak momentum. Sentiment remains subdued in the short term, with potential for a decline towards 23,300 or 23,000. On the upside, resistance is seen at 23,550-23,600,” Day said.

Most active stocks in terms of turnover

TCS (Rs 3,347.69 crore), Ramakrishna Forge (Rs 1,879.21 crore), ITI Limited (Rs 1,773.39 crore), Infosys (Rs 1,576.19 crore), HDFC Bank (Rs 1,452.69 crore), Zomato (Rs 1,73.73 crore and Rs.1,035.81 crore) worth The terms were among the most active stocks on the NSE.

Most active stocks in terms of volume

Vodafone Idea (Traded Share: 32.16 Crore), Yes Bank (Traded Share: 10.08 Crore), Suzlon Energy (Traded Share: 6.43 Crore), Zomato (Traded Share: 5.38 Crore), ITI Limited (Traded Share: 3.93 Crore), JP Power (Traded Share: 3.92 Crore). crore) and IREDA (traded shares: 3.90 crore) was one of the most actively traded stocks in terms of volume on the NSE.

Stocks show interest in buying

Shares of Ramakrishna Forge, TCS, Anand Rathi Wealth, LTIMindtree, Tech Mahindra, HCL Tech and UNO Minda were among the stocks that saw strong buying interest from market participants.

52 week high

Over 102 stocks touched their 52-week highs today while 264 stocks slipped to their 52-week lows. Among those hitting their 52-week highs were HCL Technologies and Lloyds Metals & Energy.

Selling pressure is seen in stocks

Significant selling pressure was seen from Adani Wilmar, GIC, IREDA, Tata Elxsi, Piramal Pharma, Aegis Logistics and REC.

The sentiment meter favors the bears

Market sentiment was bearish. Out of 4,078 stocks traded on BSE on Friday, 3,167 stocks declined, 827 stocks gained, while 84 stocks remained unchanged.

Also Read | TCS Q3 Results Measures: 5 Key Details to Know Between Profit, Dividend, Attrition Rate

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)