Ahead of the Market: 10 Things That Will Decide How the Stock Market Moves on Tuesday
The benchmark BSE Sensex closed 1258.12 points or 1.59 per cent lower at 77,964.99, while the Nifty 50 index closed 388.70 points or 1.62 per cent lower at 23,616.05.
Here’s how analysts read the market pulse.
Commenting on today’s action, Vinod Nair, head of research at Geojit Financial Services, said uncertainty surrounding the new US economic policy, the Federal Reserve’s hawkish stance on future interest rate cuts, the possibility of an upward revision in inflation in 2025, and a strong dollar are all negative for market sentiment. It’s having an impact.
“The primary catalyst for the plunge in the domestic market appears to be concerns about human metapneumovirus (HMPV). Additionally, the first Q3 consensus earnings estimates hint at the possibility of a gradual recovery in domestic corporate earnings, which could explain the underperformance of the domestic market compared to the global market due to premium valuations,” Nair added.
american market
Wall Street’s main indexes opened higher on Monday, boosted by optimism about AI-driven technology stocks and reports that the incoming Trump administration may take a softer approach to tariffs than initially expected. The Dow Jones Industrial Average opened 103.4 points (0.24%) higher. At 42,835.52. The S&P 500 index closed at 5,982.81, up 40.3 points (0.68%), and the Nasdaq Composite Index closed at 19,851.99, up 230.3 points (1.17%).
tech view
“The market has trended towards a recent selling rally that reflects cautious investor sentiment and bulls cannot sustain the momentum,” said Satish Chandra Aluri, head of research at Lemonn Markets Desk. “Durable market recovery follows positive Q3 results and growth support measures in the Budget. Technically, Nifty 50 has breached key support levels and could test recent lows of 23,200-23,300 if selling continues. On the other hand, Nifty 50 may face resistance around 24,000,” Aluri added.
Most active stocks by trading volume
ITI Ltd (Rs 4,388.54 crore), Aegis Logistics (Rs 2,016.03 crore), Reliance Industries (Rs 1,830.87 crore), HDFC Bank (Rs 1,623.11 crore), Bajaj Finance (Rs 1,425.10 crore), Zomato (Rs 1,401.47 crore) Infosys (Rs 1,392.60 crore) was one of the most active stocks on the NSE in terms of value. The higher activity of a counter in terms of value can help identify which counters have the highest turnover for the day.
Most active stocks by trading volume
Vodafone Idea (traded shares: $43.83 billion), Easy Trip Planners (traded shares: $16.53 billion), YES Bank (traded shares: $12.18 billion), ITI Ltd (traded shares: $8.39 billion) dollars), Suzlon Energy (traded shares: $6.24 billion), Union Bank India (traded shares: $5.24 billion) and Zomato (traded shares: $5.24 billion) Stock: $5.22 Billion) was one of the most actively traded stocks by volume on NSE.
Stocks showing interest in buying
Shares of ITI Ltd, PTC Industries, Linde India, Equitas Small Finance Bank, Easy Trip Planners, Aegis Logistics and Devyani International were among the stocks that saw strong buying interest from market participants.
52 week high
More than 176 stocks hit 52-week highs and 113 stocks hit 52-week lows today. Some of the companies hitting 52-week highs include ITI Ltd, PTC Industries, Apar Industries, Jubilant Food, Krishna Institute of Medical Sciences, Coromandel International and Info Edge (India).
Stocks under selling pressure
Stocks that came under significant selling pressure were ITC, HEG, Swan Energy, Union Bank India, Intellect Design, JM Financial and IREDA.
Sentiment Meter Favors Bears
Market sentiment was bearish. Of the 4,244 stocks traded on the BSE on Monday, 3,530 stocks were on the decline, 611 were on the rise and 103 were unchanged.
Also read | SBI Card and Payment Services shares rise 5% on Nomura and Nuvama’s buy rating upgrades and target price hikes
(Disclaimer: Recommendations, suggestions, views and opinions provided by experts are their own and do not represent the views of The Economic Times.)
