Ahead of Market: 10 things that will decide D-Street action on Monday

The Indian market advanced on Friday, supported by gains in financial heavyweights amid renewed foreign portfolio investor (FPI) inflows over the past three sessions. Optimism ahead of the quarterly earnings season added to the upbeat sentiment, although Tata Consultancy Services (TCS) capped broader gains after reporting weaker-than-expected September-quarter results.

The S&P BSE Sensex rose 328.72 points, or 0.40%, to close at 82,500.82, while the NSE Nifty 50 gained 103.55 points, or 0.41%, to settle at 25,285.35.

Here's how analysts read the market pulse:

Indian equities closed higher, led by strong gains in banking and pharmaceutical stocks, as investor sentiment improved following the government’s invitation to private sector professionals to lead the State Bank of India. Vinod Nair, Head of Research at Geojit Investments, noted that this marks a broader policy shift toward private participation in public sector enterprises, aimed at enhancing efficiency and governance.

"Pharma stocks rallied after the US revived the Biosecure Act, aimed at limiting biotech ties with flagged foreign firms, particularly from China, giving a strong boost to Indian CDMOs. With the earnings season underway, investors are closely watching quarterly results for cues on market direction," Nair added.

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US markets

Wall Street slumped on Friday after U.S. President Donald Trump escalated his trade confrontation with China, announcing plans late in the day to impose an additional 100% tariff on Chinese imports and new export controls on critical U.S.-made software. The move followed Beijing’s tightening of restrictions on rare earth exports, deepening fears of a renewed trade war and sending Big Tech shares tumbling after hours.

Nvidia, Tesla, Amazon, and Advanced Micro Devices each fell more than 2% in late trading. The Dow Jones Industrial Average dropped 878.82 points, or 1.9%, to 45,479.60, while the S&P 500 sank 182.60 points, or 2.71%, to 6,552.51. The Nasdaq Composite slid 820.20 points, or 3.56%, to 22,204.43.

European Markets

European stocks were little changed on Friday but remained on track for a third consecutive weekly gain, as investors focused on French politics ahead of President Emmanuel Macron’s expected announcement of a new prime minister.

The pan-European STOXX 600 hovered near the flat line at 571.2 points by 0906 GMT, putting the benchmark on course for a modest 0.1% weekly rise.

Tech View

The Nifty remained strong on Friday, breaking out of its recent consolidation range, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the trend continues to stay positive as it sustains above critical moving averages.

“The setup looks favorable for further short-term gains. Any dip would provide a good opportunity to enter long trades. On the upside, the Nifty may move towards 25,500–25,550, while support is placed at 25,150. A fall below 25,150 could slightly weaken the trend,” said De.

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Most active stocks in terms of turnover

Tata Communications (Rs 2,720 crore), TCS (Rs 2,674 crore), BSE (Rs 1,737 crore), Tata Investment (Rs 1,674 crore), Netweb Technologies (Rs 1,501 crore), HDFC Bank (Rs 1,352 crore), and YES Bank (Rs 1,312 crore) were among the most active stocks on BSE in value terms. Higher activity in value terms helps identify counters with the highest trading turnover of the day.

Most active stocks in volume terms

Vodafone Idea (70.17 crore shares), YES Bank (55.12 crore shares), Reliance Power (11.98 crore shares), JP Power (6.61 crore shares), Suzlon Energy (5.89 crore shares), PNB (4.08 crore shares), and Sagility India (3.84 crore shares) were among the most actively traded stocks by volume on NSE.

Stocks showing buying interest

Shares of Tata Communications, Reliance Power, Redington, YES Bank, PG Electroplast, Divis Labs, and Jyoti CNC Automation witnessed strong buying interest from market participants.

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52-week high

Over 171 stocks hit their 52-week highs today, while 105 stocks slipped to their 52-week lows. Stocks hitting their 52-week highs included SBI and Eternal.

Stocks seeing selling pressure

Stocks that witnessed significant selling pressure included Tata Steel, TCS, Tech Mahindra, Titan, Bajaj Finserv, Tata Motors, and Bharti Airtel.

Sentiment meter bullish

Market sentiment was bullish. Out of the 4,343 stocks traded on BSE on Friday, 2,424 stocks advanced, 1,766 declined, and 153 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)