New Delhi: Domestic stock markets continued their upward momentum on Friday, marking a second consecutive day of gains. Positive global cues and strong buying in metal stocks propelled both key indices higher.
The BSE Sensex rose 449.53 points, or 0.53%, closing at 85,267.66, after touching an intraday high of 85,320.82. The NSE Nifty advanced 148.40 points, or 0.57%, to finish at 26,046.95, reclaiming the 26,000 level.
Among Sensex constituents, shares of Tata Steel, Eternal, UltraTech Cement, L&T, Maruti, and Bharti Airtel closed higher. In contrast, Hindustan Unilever, Sun Pharma, ITC, and Asian Paints saw declines.
Stocks Showing Strong Buying
Investors showed strong interest in Transformers & Rectifiers, Anant Raj, Hindustan Zinc, Hindustan Copper, GMR Airports, Choice International, and CCL Products. Several of these stocks surpassed their 52-week highs, signaling continued bullish momentum.
Stocks Showing Bearish Signals
On the other hand, MACD indicators suggest potential weakness in SKF India (Industrial), Tata Teleservices, Jubilant Food, DCM Shriram, KFIN Technologies, HUL, and PI Industries, indicating a possible downward trend in these stocks.
Disclaimer: The stock suggestions mentioned are based on market analysts’ views and brokerage research, not NBT’s official recommendation. Investors are advised to consult certified financial experts before making investment decisions, as market conditions can change rapidly.
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