New Delhi: Indian equity markets closed on a positive note last Friday, with both benchmark indices posting gains. The BSE Sensex climbed 266.47 points to settle at 83,580.40, while the NSE Nifty 50 rose 50.90 points to end at 25,693.70.
The gains came amid the RBI’s decision to maintain policy interest rates and proposals approving credit for Real Estate Investment Trusts (REITs), which boosted investor sentiment. During the session, the Sensex saw a day-low of 82,925.35, but surged 655 points intraday to close higher. The markets witnessed volatility throughout the trading day.
Sector Movers and Market Highlights
Among Sensex constituents, ITC led the charge with a 5.09% jump, followed by Kotak Mahindra Bank, Hindustan Unilever, Bharti Airtel, Bajaj Finance, Power Grid, and Bajaj Finserv, which also closed in positive territory.
Conversely, Tata Consultancy Services (TCS), Tech Mahindra, Adani Ports, Asian Paints, Eterna, and HCL Tech ended lower, reflecting mixed investor sentiment.
Stocks Showing Strong Buying Momentum
Shares exhibiting strong buying interest include:
- LIC
- Hitachi Energy
- Godfrey Phillips
- Concord Biotech
- MRF
- Data Patterns
- Nykaa
These stocks have crossed their 52-week highs, signaling bullish momentum and potential short-to-medium term upside.
Stocks Showing Weakness
Meanwhile, the MACD indicator points to a bearish trend in:
- HDFC Life
- TCS
- Tech Mahindra
- BEML
- One Mobikwik Systems
- eClerx Services
- Solara Active Pharma Sciences
- Tracxn Technologies
- CL Educate
Investors should note that these stocks may experience downside pressure in the near term.
Disclaimer: This analysis reflects the views of individual analysts or brokerage firms, not NBT. Investors are advised to consult certified experts before making any investment decisions, as market conditions can change rapidly.
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