Here’s how analysts read the market pulse:
Vinod Nair, head of GeoGit Investments Research, said the Indian stock market experienced intense instability this week, mostly due to instability in the global bond markets, where the weaker the US. Bond auction and rising treasury yields boosted the global risk-sensation, triggering the sale of sharp midweeks. Nair said that the Indian market showed elasticity, while DII and retail participants are supported by strong purchases while FIIs chose to sell Indian equity. In his view, the upcoming triggers are the next Indian GDP statistics, the US. There are large budgets, inflation data and weekly unemployment claims.
US
After President Donald Trump recommended a 50% tariff on European goods, a new front reopened in global trade tensions, and US stocks on Friday suffered a weekly loss in US stocks after releasing a new wave of market uncertainty.
All three main Wall L Street indexes considered the initial loss but each is still finished and shed more than 2% for the week.
Technical view
Decoding the charts, Bajaj Broking said that on the weekly chart, the Nifty made a small bear candle with a long lower shadow, which was close to 20 days of EMA, near the previous week’s 24,400-24,500 level support area.
Living events
It expects to be purchased on the DIPS strategy next week, the index extends consolidation in the range of 24,400-25,200. Short-term support is found at 24,400-24,500, a confluence of 20-day EMA, which is placed about 24,400-24,500 levels.
Most active stocks in terms of turnover
Maximum financial services (MFS, Rs 277 crore), GRSE (RS 251 crore), Rpower (TTML, RS 189 crore), Cochin Shipyard (RS 183 crore), Wary Energy (155 crore), Mazagon Dock (154 crore) and Ramko Cement (RS126 crore). High activity in the counter in terms of value can help identify counters with the highest trading turnover of the day.
The most active stocks in terms of volume
Vodafone Idea (Traded Shares: 4.25 crore), Rpower (traded shares: 73.7373 crore), IFCI (traded shares: 1.5 lakh), TTML (traded shares: 1.5 crore) are actively trading in the terms of volume on BSE.
Stocks showing the purchase interest
Honasa Consumer (Mamaarth), Rpower, IFCI, TBO Tech, Imcure, Clean Science and Technol, G, Angel One and BSE industries were in the strong interest in buying from market participants.
52 weeks
More than 98 stocks today hit a 52-week .This. Among the highest 52-week highs were HDFC Life Insurance Company, GRSE, APL Apollo Tubes, Bell and Dalmia India.
Stokes by looking at the pressure of sale
Largekap names were Signerma. Other stocks in which significant sales pressures were seen were Vari Energy, Guruta Bharat, Age’s Logistics, Keplin Point, KPR Mill and Ester DM.
Sentiment meter favors bulls
In heavyweights like Reliance Industries (RIL), HDFC Bank and ITC, action was the highest withholding markets by ensuring a positive closure. Of the 4,106 stocks trading on the BSE on Friday, 2,323 stocks saw progress, a decline in 1,639, while 144 stocks 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)
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