BSE Sensex closed 1046.30 points (1.29%) at 82,408.17, while NSE Nifty added 319.15 points (1.29%) to settle at 25,112.40.
Here’s how analysts read the market pulse:
Vinod Nair, director of research at Geojit Investments, added that foreign equity indexes were mitigated by the risk of immediate military action as dialogue with Iran was expected, resulting in a surge in the Middle Eastern tensions, revising gross prices with development, supporting the domestic market and boosting sentiment from foreign investors.
“In the broader markets, rapid declines and purchases of VIX indexes have been spotted in rate-sensitive and consumer-oriented sectors such as finance, automotive and reality.
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US Market
The S&P 500 and NASDAQ slipped down on Friday as they kept tensions escalating between Iran and Israel carefully overwhelmed emotions over the weekend and uncertainty about the possibility of US involvement.
The S&P 500 closed 13.03 points (0.22%) at 5,967.84, while the Nasdaq Composite reduced 98.86 points (0.51%) to 19,447.41. In contrast, the Dow Jones industrial average earned a modest profit, finishing 35.16 points (0.08%) at 42,206.82. During the week, the Dow had little change, with the S&P 500 falling 0.2% and Nasdaq managing profits of 0.2%.
European Market
European stocks rose on Friday, defeating a three-day defeat. Investor sentiment is as the US has stabilized amid signs that could hinder deeper engagement in tensions in the Middle East.
The Pan-European Stoxx 600 rose 0.1% at the end.
Technology view
Nifty rose sharply after a three-day consolidation and resumed short-term rallies, LKP Securities senior technical analyst Rupak De added that the index had revived its 21-day EMA.
“Currently, support is located at 24,850, and as long as it exceeds this level, the index will remain “buyed with dip.” At highs, we could continue to move towards 25,350 or later,” DE said.
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Most active inventory from a sales perspective
Torrent (Rs 6,139 crore), Bel (Rs 4,994 crore), Reliance Industries Ltd (Rs 4,243 crore), Waaree Energy (Rs 3,975 crore), HDFC Bank (Rs 3,225 crore), Bharti Airtel (Rs 3,129 crore), Rs 3,706 crore) Active inventory on BSE is of value. Higher activity at counters in terms of values helps identify counters with the highest trading turnover for the day.
Most active stocks are in volume terms
Vodafone Idea (traded stock: 52.29 crore), Vishal Mega Mart (traded stock: 16.80 crore), Suzlon Energy (traded stock: 15.53 crore), Yes Bank (traded stock: 13.75 crore), BER (traded stock: 12.25 crore), JP Power 7.18 crore) were among the most aggressively traded stocks under the NSE volume terms.
Stocks showing right to purchase
Stocks in Waaree Energies, Beml, Rattanindia Infra, Durability Technology, Premier Energy, KFIN Technology, and JB Chemicals were among the stocks that witnessed strong rights to buy from market participants.
52 weeks high
Over 83 shares reached a 52-week high today, with 84 shares slipping to a 52-week low. Those that achieved a 52-week high included Bharti Airtel.
Stocks looking at sales pressure
The stocks that witnessed considerable sales pressure were Concord Biotechnology, Ellis Lifeshens, AstraZeneca Pharmacy, Intellectual Design, Gillette India, Indian Cement and JBM Auto.
Emotion meter is strong
The market sentiment was bullish. Of the 4,094 shares traded on BSE on Friday, 1,545 saw a decline, with 2,411 advances and 138 shares remained unchanged.
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(Disclaimer: recommendations, suggestions, opinions and opinions given by experts are unique. These do not represent views of the economic era.)
