Market Overview
After two sessions of decline, the domestic stock markets witnessed a rebound last Friday. Both benchmark indices closed in the green, driven by selective buying in major companies amid global uncertainties. The BSE Sensex rose 187.64 points (0.23%) to close at 83,570.35, while the NSE Nifty 50 gained 28.75 points (0.11%) to finish at 25,694.35. During intraday trading, Sensex surged as much as 752.26 points to touch 84,134.97.
Top Gainers and Movers
Among Sensex constituents, Infosys led the rally with a 5.67% jump, providing support to the broader market. Other major gainers included Tech Mahindra, HCL Tech, State Bank of India, UltraTech Cement, and HDFC Bank. On the flip side, shares of Eternal, Asian Paints, Bharat Electronics, Sun Pharma, and Maruti Suzuki recorded losses.
Stocks Showing Strong Buying
Investors are showing strong interest in Federal Bank, Angel One, IndiaMART Intermesh, Zen Technologies, IFCI, Oracle, and Infosys. These stocks have surpassed their 52-week highs, signaling potential continuation of bullish momentum.
Stocks Indicating Weakness
Meanwhile, the MACD (Moving Average Convergence Divergence) indicator has signaled bearish trends in Eternal, Asian Paints, Sun Pharma, Maruti Suzuki, ITC, NTPC, and Kotak Mahindra Bank. This suggests that these stocks may experience further downward movement in the near term.
Analysts advise investors to monitor market momentum and global cues closely, as selective buying in fundamentally strong companies continues to drive short-term gains.
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