INSUBCONTINENT EXCLUSIVE:
The Indian market extended losses for a second consecutive week on Friday, dragged down by concerns over a delayed U.S
trade deal and disappointing quarterly results from Tata Consultancy Services.The Nifty 50 declined 1.22% to close at 25,149.85, while the
BSE Sensex slipped 1.12% to 82,500.47 for the week
On the day, the Nifty shed 0.8%, closing at 25,149.85, while the Sensex was also down 0.8% at 82,500.47.Here's how analysts read the market
pulse:The domestic market experienced a negative close due to a sober start to Q1 earnings season and a ramp-up in the tariff threat by the
US to impose a 35% tariff on Canada, said Vinod Nair, Head of Research, Geojit Investments, adding that investors may continue to be focused
spending & tariff uncertainties may restrain new inflows
The IT index underperformed due to deferment in orders and new investments, which may impact FY26 earnings estimates," said Nair.Also read |
Friday, dragged down by Meta Platforms and renewed trade tensions after former President Donald Trump escalated his tariff rhetoric against
trade partners, stoking uncertainty around U.S
trade policy.The S&P 500 slipped 0.33% to 6,259.75, while the Nasdaq shed 0.22% to 20,585.53
The Dow Jones Industrial Average fell the most among the three, dropping 0.63% to 44,371.51.European MarketsEuropean stocks ended lower on
Friday, pressured by declines in banking and healthcare shares, as markets reacted to a turbulent week dominated by tariff threats from
Investor sentiment was further clouded by anticipation of a formal communication on levies from Trump to the European Union.The pan-European
STOXX 600 fell 1%, snapping a four-day winning streak and recording its steepest single-day drop in over three months.Tech ViewThe Nifty
continues to remain weak as the index slipped below the previous swing low on the hourly chart, said Rupak De, Senior Technical Analyst at
the RSI in a negative crossover
However, after the recent decline, the index has approached the support of the 200-hourly moving average
A move above 25,150-25,160 in the initial trading hour could trigger a rally towards 25,250 and 25,400
2,522 crore), TCS (Rs 2,516 crore), HUL (Rs 1,821 crore), Infosys (Rs 1,812 crore), BSE (Rs 1,710 crore) and HDFC Bank (Rs 1,244 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 termsJP Power (Traded shares: 49.97 crore), Vodafone Idea (Traded shares: 34.18 crore), Sagility India (Traded shares: 6.94 crore),
YES Bank (Traded shares: 4.32 crore), IREDA (Traded shares: 4.05 crore), NTPC Green Energy (Traded shares: 3.76 crore) and NMDC (Traded
shares: 3.55 crore) were among the most actively traded stocks in volume terms on NSE.Stocks showing buying interestShares of Glenmark
Pharma, Netweb Technologies, Asahi India Glass, Piramal Enterprises, HUL, Anand Rathi Wealth and EID Parry were among the stocks that
witnessed strong buying interest from market participants.Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech
bets still worth it?52 Week highOver 133 stocks hit their 52 week highs today while 42 stocks slipped to their 52-week lows.Stocks seeing
selling pressureStocks which witnessed significant selling pressure were IREDA, ABB Power, Elecon Engineering, Metropolis Healthcare, BSE,
BEML and Raymond Lifestyle.Sentiment meter bearishThe market sentiments were bearish
Out of the 4,165 stocks that traded on the BSE on Friday, 2,516 stocks witnessed declines, 1,503 saw advances, while 146 stocks remained
unchanged.Also read | Eternal shares up 30% since March
the experts are their own
These do not represent the views of the Economic Times)
