The BSE Sensex shed 82.79 points, or 0.1%, to close at 81,361.87, while the NSE Nifty declined 18.8 points, or 0.08%, to settle at 24,793.25.
Here’s how analysts read the market pulse:
The Indian equity index experienced rangebound movement with a negative bias as cautious sentiment spread across the globe, driven by concerns over potential U.S. involvement in the Middle East conflict, said Vinod Nair, Head of Research, Geojit Investments, adding that investor mood was further affected by the Fed’s decision to keep interest rates unchanged while signalling persistent inflation and slower economic growth, which weighed on software export stocks.
“Broader market performance lagged the benchmark index, influenced by selling in mid-caps & small-caps, while better stability was noticed in large-cap growth stocks, keeping a close watch on crude oil prices and global developments,” said Nair.
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Tech View
The Nifty witnessed a lackluster expiry on the NSE, as the index remained within a narrow range throughout the session, indicating indecisiveness ahead of any directional move, said Rupak De, Senior Technical Analyst at LKP Securities, adding that “on the hourly chart, the index continues to trade below the 200-DMA, reflecting weak market sentiment.””On the daily chart, it has slipped below the 21-EMA, further reinforcing the bearish outlook. This negative sentiment is likely to persist as long as the index remains below 24,850. On the downside, support is seen at 24,550,” said De.Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Swiggy (Rs 1,787 crore), HDFC Bank (Rs 1,635 crore), Reliance Industries Ltd (Rs 1,435 crore), Mazagon Dock Shipbuilders (Rs 1,256 crore), Vishal Mega Mart (Rs 1,251 crore), ICICI Bank (Rs 1,248 crore) and IKS Health (Rs 1,227 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 64.10 crore), YES Bank (Traded shares: 12.11 crore), Vishal Mega Mart (Traded shares: 10.05 crore), Suzlon Energy (Traded shares: 9.06 crore), JP Power (Traded shares: 5.74 crore), Swiggy (Traded shares: 4.74 crore) and Sagility India (Traded shares: 4.67 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Siemens Energy India, Aegis Logistics, Vishal Mega Mart, Swiggy, Tata Consumer, Biocon and Eicher Motors were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 73 stocks hit their 52-week highs today, while 79 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Brainbees Solutions, Minda Corp, Cyient, Reliance Power, IKS Health, Finolex Industries and Intellect Design Arena.
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Sentiment meter bearish
The market sentiments were bearish. Out of the 4,117 stocks that traded on the BSE on Thursday, 3,018 stocks witnessed declines, 959 saw advances, while 140 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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