The Indian market ended on a positive note on Friday, with the Sensex and Nifty breaking their four-day losing streak. This uptrend was driven by a cooler-than-expected US inflation reading, which lifted global risk appetite and rekindled expectations of Federal Reserve rate cuts in the year ahead.
Market Performance
The S&P BSE Sensex rose by over 447 points, or 0.53%, to close above 84,929, while the NSE Nifty 50 gained over 151 points, or 0.58%, to close at above 25,966.
Analyst Insights
Analysts believe that the market's constructive mood was mirrored by gains across Asian markets, among other supportive cues. According to Vinod Nair, Head of Research at Geojit Investments, global equities rallied as US CPI undershot estimates, reinforcing expectations of a softer Fed stance.
Global Market Trends
US stocks ended higher on Friday, driven by a rebound in technology shares. The Dow Jones Industrial Average added 183 points, or 0.4%, to 48,134.89, while the S&P 500 rose 0.9% to 6,834.50, and the Nasdaq Composite climbed 1.3% to 23,307.62. European shares also closed at a record, led by gains in defence and insurance stocks.
Stocks in Focus
The most active stocks in terms of turnover included InterGlobe Aviation, Shriram Finance, and Tata Motors PV. In terms of volume, Vodafone Idea, Ola Electric Mobility, and YES Bank were among the most actively traded stocks.
- Most active stocks in value terms: InterGlobe Aviation, Shriram Finance, Tata Motors PV
- Most active stocks in volume terms: Vodafone Idea, Ola Electric Mobility, YES Bank
- Stocks showing buying interest: Ola Electric Mobility, Advent Hotels International, Tata Elxsi
- Stocks seeing selling pressure: Aditya Birla Lifestyle Brands, Blue Star, Five-Star Business Finance
Market Sentiment
The market sentiment was bullish, with 2,731 stocks witnessing advances, while 1,445 stocks saw declines. Out of the 4,331 stocks that traded on the BSE, 155 stocks remained unchanged.
Remember, this is a market perspective, not a prediction. It's essential to do your own research and consult with a financial advisor before making any investment decisions.