Dalal Street witnessed a soft session on Thursday, with both key indices ending in the red. The BSE Sensex fell 77.84 points to close at 84,481.81, while the NSE Nifty remained largely flat, dropping just 3 points to 25,815.55.
Market Movement:
The local stock market marked the fourth consecutive day of losses, driven by uncertainties surrounding trade agreements with the U.S. and a subdued global market trend. During the session, the Sensex oscillated between a high of 84,780.19 and a low of 84,238.43, reflecting intraday volatility of 541.76 points.
Among Sensex constituents, Sun Pharma, Tata Steel, Power Grid, Asian Paints, NTPC, and Bharti Airtel recorded losses. On the other hand, TCS, Tech Mahindra, Infosys, Adani Ports, Axis Bank, and HCL Tech ended the day with gains.
Stocks Showing Buying Momentum:
Strong buying interest was observed in HBL Power, HDFC AMC, Reliance Power, Nippon Life AMC, Hindustan Copper, Reliance Infrastructure, and Motilal Oswal. These stocks have breached their 52-week highs, signaling bullish momentum and potential upside for investors.
Stocks Showing Bearish Signals:
Technical indicators such as MACD suggest a bearish trend in ABB Power, Ola Electric Mobility, Siemens Energy India, Indian Oil Corp, Ramkrishna Forgings, Aditya Birla Lifestyle Brands, and GE Vernova T&D India. These stocks may face downward pressure in the near term.
Investors are advised to monitor market trends closely and consider both technical signals and fundamentals before making trading decisions.
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