The BSE Sensex climbed 303 points to reclaim the 84,000 level and settle at 84,058. During the day, it jumped 333 points to 84,089.
Here’s how analysts read the market pulse:
Analysts expect the market to witness a steady uptrend, supported by improving institutional inflows, prospects of a US-India trade deal, and sectoral tailwinds from RBI’s liquidity measures and an above-average monsoon forecast.
US markets
Wall Street stocks finished at fresh records Friday as markets cheered the latest progress in US-China trade negotiations, completing a comeback from a spring swoon due to President Donald Trump’s tariffs.
European Markets
European stocks closed at an over one-week high on Friday, fuelled by a rally in automakers, as investors took more risks on hopes for a truce in the US-China trade spat.
Tech View
A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation.
Most active stocks in terms of turnover
ICICI Bank (Rs 3,284 crore), HDFC Bank (Rs 2,838 crore), Himadri Specialty (Rs 2,780 crore), Kotak Bank (Rs 2,126 crore), Bajaj Finance (Rs 2,044 crore), Jio Financial (Rs 1,960 crore) and Dixon Tech (Rs 1,924 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: 80 crore), Suzlon Energy (Traded shares: 15.7 crore), YES Bank (Traded shares: 10.51 crore), Eternal (Traded shares: 6.15 crore), Jio Financial (Traded shares: 6.06 crore), RattanIndia (Traded shares: 5.55 crore) and Himadri Specialty (Traded shares: 5.46 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of LT Foods, Narayana Hrudayalaya, Redington, Bharti Hexacom, Coromandel, Home First Finance, Abott India among the stocks that witnessed strong buying interest from market participants.
Sentiment meter bullish
The market sentiments were bullish. As many as 2,251 advanced, while 1,760 declined and 154 remained unchanged on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
