The Indian stock market ended lower on Thursday, with losses accelerating in late afternoon trading, after the defence ministry said that it had "neutralised" Pakistan's attempts to "engage" multiple military targets in the northern and western regions on Wednesday night and Thursday morning.
The benchmark BSE Sensex declined 411.97 points or 0.51% to close at 80,334.81, while the broader Nifty 50 index closed at 24,273.80, lower by 140.60 points or 0.58%.
Here's how analysts read the market pulse:
The Indian equity market experienced profit booking by the end of the trading day due to escalating tensions between India and Pakistan, marked by increased cross-border exchanges, said Vinod Nair, Head of Research, Geojit Investments, adding that the FOMC policy meeting provided little reassurance, as the FED expressed concerns that aggressive U.S. tariffs could fuel inflation and raise unemployment.
"However, the global market remains stable and positive, buoyed by expectations of an imminent U.S. trade deal with the UK and preliminary indications of trade talks with China. Historically, the domestic volatility is expected to neutralize as cross border issue de-escalates," said Nair.
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US markets
Wall Street edged higher on Thursday as investors looked forward to the anticipated trade agreement between the United States and Britain — expected to be the first major deal since President Donald Trump paused tariffs last month.Trump announced plans to hold a news conference in the Oval Office to unveil a “full and comprehensive” trade deal with the UK, which is likely to include tariff reductions on autos and steel, two of the most affected sectors.
The gains followed signals from the Trump administration that trade talks with several partners were progressing, though markets remained cautious in the absence of a formal announcement on tariffs.
Semiconductor stocks gained 0.6%, building on the previous session's gains after a spokesperson said the Trump administration was planning to rescind and modify a rule that curbed the export of sophisticated artificial-intelligence chips.
European stocks
European shares ended higher on Thursday after U.S. President Donald Trump announced a trade deal with Britain to lower tariffs, the first such agreement since Trump sparked a global trade war with his universal levies.
The pan-European STOXX 600 index closed 0.4% higher, with most regional indexes also concluding the day in green.
Under the deal, the UK agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods, while a 10% tariff on UK goods imported into the U.S. was kept in place.
Tech View
The Nifty closed with a Dark Cloud Cover candlestick pattern, indicating heightened fear among traders, said Rupak De, Senior Technical Analyst at LKP Securities, adding that prior to this, the index faced resistance around 24,550.
“The near-term sentiment now appears weak, with the potential for further correction in the short term. Immediate support is seen at 23,950; a break below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24,550," said De.
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Most active stocks in terms of turnover
BSE (Rs 3,590 crore), HDFC Bank (Rs 3,365 crore), Reliance Industries Ltd (Rs 2,272 crore), ICICI Bank (Rs 2,203 crore), Tata Motors (Rs 2,029 crore), Kotak Mahindra Bank (Rs 1,466 crore) and Mazagon Dock Shipbuilders (Rs 1,335 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 44.14 crore), YES Bank (Traded shares: 15.75 crore), Canara Bank (Traded shares: 7.84 crore), Welspun India (Traded shares: 7.66 crore), Niva Bupa Health Insurance (Traded shares: 7.54 crore), Punjab National Bank (Traded shares: 6.59 crore) and Suzlon Energy (Traded shares: 6.50 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Concord Biotech, KPR Mill, Niva Bupa Health Insurance, Crisil, Kirloskar Brothers, Netweb Technologies and Apar Industries were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 67 stocks hit their 52 week highs today while 70 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included ICICI Bank.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were CCL Products, Devyani International, Poly Medicure, Torrent Power, Sundaram Finance, Jubilant Food and Godrej Properties.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,032 stocks that traded on the BSE on Thursday, 2,548 stocks witnessed declines, 1,349 saw advances, while 135 stocks 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)
The benchmark BSE Sensex declined 411.97 points or 0.51% to close at 80,334.81, while the broader Nifty 50 index closed at 24,273.80, lower by 140.60 points or 0.58%.
Here's how analysts read the market pulse:
The Indian equity market experienced profit booking by the end of the trading day due to escalating tensions between India and Pakistan, marked by increased cross-border exchanges, said Vinod Nair, Head of Research, Geojit Investments, adding that the FOMC policy meeting provided little reassurance, as the FED expressed concerns that aggressive U.S. tariffs could fuel inflation and raise unemployment.
"However, the global market remains stable and positive, buoyed by expectations of an imminent U.S. trade deal with the UK and preliminary indications of trade talks with China. Historically, the domestic volatility is expected to neutralize as cross border issue de-escalates," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
Wall Street edged higher on Thursday as investors looked forward to the anticipated trade agreement between the United States and Britain — expected to be the first major deal since President Donald Trump paused tariffs last month.Trump announced plans to hold a news conference in the Oval Office to unveil a “full and comprehensive” trade deal with the UK, which is likely to include tariff reductions on autos and steel, two of the most affected sectors.
The gains followed signals from the Trump administration that trade talks with several partners were progressing, though markets remained cautious in the absence of a formal announcement on tariffs.
Semiconductor stocks gained 0.6%, building on the previous session's gains after a spokesperson said the Trump administration was planning to rescind and modify a rule that curbed the export of sophisticated artificial-intelligence chips.
European stocks
European shares ended higher on Thursday after U.S. President Donald Trump announced a trade deal with Britain to lower tariffs, the first such agreement since Trump sparked a global trade war with his universal levies.
The pan-European STOXX 600 index closed 0.4% higher, with most regional indexes also concluding the day in green.
Under the deal, the UK agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods, while a 10% tariff on UK goods imported into the U.S. was kept in place.
Tech View
The Nifty closed with a Dark Cloud Cover candlestick pattern, indicating heightened fear among traders, said Rupak De, Senior Technical Analyst at LKP Securities, adding that prior to this, the index faced resistance around 24,550.
“The near-term sentiment now appears weak, with the potential for further correction in the short term. Immediate support is seen at 23,950; a break below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24,550," said De.
Also read | Explained: Why banks are flying gold worth billions from London to New York amid Trump tariff fears
Most active stocks in terms of turnover
BSE (Rs 3,590 crore), HDFC Bank (Rs 3,365 crore), Reliance Industries Ltd (Rs 2,272 crore), ICICI Bank (Rs 2,203 crore), Tata Motors (Rs 2,029 crore), Kotak Mahindra Bank (Rs 1,466 crore) and Mazagon Dock Shipbuilders (Rs 1,335 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 44.14 crore), YES Bank (Traded shares: 15.75 crore), Canara Bank (Traded shares: 7.84 crore), Welspun India (Traded shares: 7.66 crore), Niva Bupa Health Insurance (Traded shares: 7.54 crore), Punjab National Bank (Traded shares: 6.59 crore) and Suzlon Energy (Traded shares: 6.50 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Concord Biotech, KPR Mill, Niva Bupa Health Insurance, Crisil, Kirloskar Brothers, Netweb Technologies and Apar Industries were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 67 stocks hit their 52 week highs today while 70 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included ICICI Bank.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were CCL Products, Devyani International, Poly Medicure, Torrent Power, Sundaram Finance, Jubilant Food and Godrej Properties.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,032 stocks that traded on the BSE on Thursday, 2,548 stocks witnessed declines, 1,349 saw advances, while 135 stocks remained unchanged.
Also read | Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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