The benchmark BSE Sensex gained 843.16 points or 1.04% to settle at 82,133.12, while the broader Nifty 50 index closed at 24,768.30, higher by 219.60 points or 0.89%.
Here’s how analysts read the market pulse:
Commenting on the day’s action, Vinod Nair, Head of Research at Geojit Financial Services said the domestic market smartly recovered from the day’s low and moved out of the consolidation path led by index heavyweights.
“A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform. Currently, the market is anticipating a revival in consumer spending, driven by the festive season and year-end holidays, adding to the sentiments. Additionally, expectation of an increase in US spending is propelling the IT sector,” Nair added.
US markets
Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market.
The S&P 500 ended essentially flat, down less than 0.1%, the Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%.
European Markets
European stocks slipped on Friday, taking the main benchmark to its first weekly decline in three, as investors sought clarity on Europe’s rate policy amid concerns about economic growth and a potential trade war.The pan-European STOXX 600 index closed down 0.53% to hit a more-than one-week low and ended the week about 0.8% lower.
Tech View
The equity market in India witnessed a roller-coaster session on the day of the Sensex weekly expiry, said Rupak De, Senior Technical Analyst at LKP Securities.
“On the lower end, the Nifty found support around the neckline of the inverse head-and-shoulders pattern, completing a retest before rallying towards higher levels. Today’s low also coincides with the 38.2% retracement level of the previous rally. Going forward, the trend is likely to remain strong, with the potential to reach 25,000 and higher in the short term. On the lower end, support is placed at 24,550,” De added.
Most active stocks in terms of turnover
Bharti Airtel (Rs 441.23 crore), Reliance Industries (Rs 139.13 crore), Zomato (Rs 101.48 crore), TCS (Rs 82.30 crore), HAL (Rs 73.53 crore), Adani Green (Rs 60.47 crore) and Swan Energy (Rs 50.59 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 highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 48.99 crore), YES Bank (Traded shares: 9.73 crore), IRB Infrastructure Developers (Traded shares: 5.67 crore), JP Power (Traded shares: 5.45 crore), Suzlon Energy (Traded shares: 4.79 crore), Zomato (Traded shares: 4.73 crore) and Tata Teleservices (Maharashtra) (Traded shares: 4.52 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of KPR Mill, Crisil, Westlife Foodworld, Bharti Airtel, Bharti Hexacom, Ramco Cements and Vardhman Textiles were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 227 stocks hit their 52 week highs today while 35 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included KPR Mill, Crisil, Swan Energy, Page Industries, Indian Hotels, HCL Tech and Dixon Technologies.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Phoenix Mills, KSB, UCO Bank, Archean Chemical Industries, SAIL, Indian Overseas Bank and Eris Lifesciences.
Sentiment meter favours bulls
The market sentiments were neutral. Out of the 4,105 stocks that traded on the BSE on Friday, 2,173 stocks witnessed declines, 1,818 saw advances, while 114 stocks remained unchanged.
Also read | Bharti Airtel, HDFC Bank among top 26 stocks to watch in 2025: ICICI Securities
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
