The benchmark BSE Sensex closed at 259.75 points or 0.32% at 80,501.99, while the wider Nifty 50 index closed at 24,346.70, which is 12.50 points or 0.05%.
Here’s how analysts read the market pulse:
Vinod Nayar, a research head of GeoGit Financial Services, said global optimism and the US. And despite the increasing expectations around the potential trade agreement between India, the benefits were trimmed in the market, in which the indicators remained greatly flat due to the increase in tensions with the LoC.
“At the recent rally, IT stocks from broad indices also stimulated profit booking and rotation. Mute Q4 results also do not provide sufficient support for last month’s optimism. However, US-China trade negotiations have a new dynamics and poor Dollar as a positive drivers.”
US
V Wall L Street stocks rose on Friday, marking the second consecutive week advantage, supported by strong economic data and signs of facilitating trade tensions between the United States and China.
The Dow Jones industrial dyogic average closes at 564.47 points, or 1.39%, 41,317.43. The S&P rose 82.54 points or 1.47%to 5,686.68, while the Nasdaq Composite added 266.99 points or 1.51%, ending at 17,977.73.
European markets
European stocks rallied on Friday, facilitating trade tensions between the United States and China, and promoting investors’ risk appetite in the US stable job report.
Before US President Donald Trump’s current-postponed “mutual” key trading partners were united global markets, the Pan-European Stocks increased by 1.7%, which is close to its most closed level since April 2.
Technical view
Rupak Dee, a senior technical analyst for LKP Securities, said the Nifty was shocked during the week, decreasing sharply after facing rejection around 24,550 levels. On a daily chart, a long high-wit candle suggests selling pressure at a high level.
“Proceeding, support is placed at 24,250; the decrease below this level can stimulate the correction towards 24,000. In addition, the index can remain range-bound within 24,24,550 bands. Only a critical breakout above 24,550 can lead to the correct rally.”
Most active stocks in terms of turnover
Sonata S. SOFTWARE FEATWARE (Rs. 2,531 crore), Reliance Industries Limited (Rs. 2,489 crore), eternal (Rs. Were in the most active stocks. High activity in the counter in terms of value can help identify the highest trading turnover stocks during the day.
The most active stocks in terms of volume
Vodafone Idea (.1 36.5 crore shares), Eternal (10.49 crore), Vishal Mega Mart (84.8484 crore), Sonata S. Software (71.7171 crore), Yes Bank (.5..58 crore), Indian Oil Corp (65.65 crore), and Reliance Power (65.65 crore). Were actively traded stocks.
Stocks showing the purchase interest
Timcan India, Jubilant English, Credit Access Case Gramin, Reltel Corp, Elacon Engineering, Usha Martin and Krisil saw a strong interest in buying market participants.
52-weekly.
On Friday, more than 67 stocks, including ICICI Bank, reached their 52-week .This, while 58 stocks slipped to their 52-week low.
Stokes by looking at the pressure of sale
Seeing significant pressure pressure includes Godrej Agrovate, Phoenix Mills, Data Pattern (India), Indus Towers, Caffeine Technologies, JSW Steel and AAVS Financers.
Spirit
The spirit of the market remained in vain. Of the 4,085 stocks trading on the BSE on Friday, 2,244 stocks fell, 1,702 advanced and 139 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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