The Indian market ended lower on Friday, falling for a third straight session, dragged down by Reliance Industries after its annual shareholder meeting and further pressured by investor unease over steep U.S. tariffs on Indian exports rolled out earlier this week.
The BSE Sensex declined 270.92 points, or 0.34%, to finish at 79,809.65, while the NSE Nifty slipped 74.05 points, or 0.30%, to settle at 24,426.85.
Here’s how analysts read the market pulse:Investor sentiment remained cautious as markets attempted to digest the full impact of the U.S. tariff, and the persistence of this issue is likely to impact the future competitiveness of India’s exports in some areas, said Vinod Nair, Head of Research at Geojit Investments.
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“Generally, the market still perceives the tariff-related disruptions as temporary, and optimism hinges on progress in trade negotiations in the future. However, lack of strong interaction between both parties is increasing the uncertainty, adding confusion to the market,” said Nair.
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US marketsThe S&P 500 retreated from record territory Friday, dragged lower by losses in Dell, Nvidia and other artificial intelligence-linked shares, while investors assessed fresh inflation data showing tariffs have begun feeding into consumer prices.The broad index fell 0.64% to 6,460.26, a day after closing at an all-time high. The Nasdaq Composite dropped 1.15% to 21,455.55, reflecting sharper pressure on technology stocks, and the Dow Jones Industrial Average slipped 0.20% to 45,544.88.European MarketsEuropean markets ended lower Friday, with bank shares in the U.K. dragging the region’s benchmark to its weakest level in more than two weeks, as investors parsed economic signals from both sides of the Atlantic.
The STOXX Europe 600 slipped 0.6%, logging its first weekly decline in a month. Sentiment was pressured by questions over the Federal Reserve’s independence and ongoing political uncertainty in France. Despite the setback, the index still managed to notch a second straight monthly gain.
Tech ViewThe Nifty has fallen further below the 100 EMA, confirming a deeper bearish trend, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the RSI is in a bearish crossover, indicating sustained weakness.
“In the short term, the trend may remain weak, potentially dragging the Nifty towards the 200 DMA placed at 24,071. On the lower end, support is placed at 24,400/24,150, while on the higher end, resistance is seen at 24,650. A “sell on rise” strategy remains preferable as long as the index stays below 24,850,” said De.
Most active stocks in terms of turnoverOla Electric Mobility (Rs 2,766 crore), RIL (Rs 2,580 crore), Eternal (Rs 1,948 crore), BSE (Rs 1,734 crore), RBL Bank (Rs 1,720 crore), Waaree Energies (Rs 1,545 crore) and Godfrey Phillips (Rs 1,532 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.
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Most active stocks in volume termsVodafone Idea (Traded shares: 72.06 crore), Ola Electric Mobility (Traded shares: 49.69 crore), YES Bank (Traded shares: 19.14 crore), Sammaan Capital (Traded shares: 6.88 crore), Suzlon Energy (Traded shares: 6.61 crore), RBL Bank (Traded shares: 6.58 crore) and JP Power (Traded shares: 6.57 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interestShares of Granules India, Sammaan Capital, Nava Bharat, CG Power & Industrial Solutions, CreditAccess Grameen, RBL Bank, and Godfrey Phillips were among the stocks that witnessed strong buying interest from market participants.
52-week highOver 99 stocks hit their 52-week highs today, while 121 stocks slipped to their 52-week lows. Among the ones that hit their 52-week highs were CreditAccess Grameen and Dalmia Bharat.
Stocks seeing selling pressureStocks that witnessed significant selling pressure were Vardhman Textiles, Jindal Stainless, IDBI Bank, Swan Energy, BSE, TBO Tek, and Welspun Corp.
Sentiment meter: BearishThe market sentiments were bearish. Out of the 4,237 stocks that traded on the BSE on Friday, 2,317 stocks witnessed declines, 1,777 saw advances, while 143 stocks remained unchanged.
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(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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