The Indian market ended in the red on Thursday but trimmed steeper early losses, as investors interpreted the U.S.’s proposed 25% tariff and unspecified penalties, set to take effect Aug. 1, as a negotiating ploy rather than a definitive policy shift.
The BSE Sensex shed 296.28 points, or 0.36%, to close at 81,185.58, while the NSE Nifty slipped 86.70 points, or 0.35%, to settle at 24,768.35. Both indexes had fallen nearly 1% earlier in the session.
Here's how analysts read the market pulse:
Following a turbulent start driven by fresh tariff threats, the Indian market started on a pessimistic note, said Vinod Nair, Head of Research, Geojit Investments, adding that the domestic market, however, attempted "a strong recovery but by the end of the day it closed with marginal losses, on a monthly expiry day."
"Investors gravitated toward domestically oriented, non-discretionary players, especially FMCG, which offered attractive valuations, demand outlook and relative insulation from tariff risks. In contrast, oil & gas stocks were the worst hit due to US warnings over Indian energy imports. Overall, the market reflected a cautious yet selective approach. Market continues to hold high hopes for a more favorable tariff outcome in the near-term," said Nair.
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US markets
The S&P 500 and Nasdaq climbed to new record highs on Thursday, as Microsoft's blockbuster earnings propelled the tech giant past the $4 trillion milestone and fueled investor confidence in Big Tech's hefty investments in artificial intelligence.
Microsoft became the second publicly traded company after Nvidia to surpass $4 trillion in market valuation, following a blockbuster earnings report.
Meta Platforms also climbed 12.1% to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than 1%.
The S&P technology index and the communication services index both hit record highs, up 1.2% and over 3%, respectively.
European Markets
European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements.
The broad Stoxx 600 benchmark was flat however, weighed down by miners after U.S. September Comex copper futures tumbled 22% to $4.37 a lb.
Tech View
The Nifty recovered smartly after a gap-down opening, rising above 24,900, but failed to sustain at higher levels, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the index continues to trade below the 50 EMA, confirming a bearish trend and the RSI is in a bearish crossover.
“Despite several negative setups, a hidden positive divergence has been observed over the past 2–3 days, indicating a potential bullish reversal. This setup may play out well if the Nifty decisively moves above 25,000. On the lower side, support is placed at 24,600. A range-bound movement is expected until the Nifty breaks out of the 24,600–25,000 range," said Nair.
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Most active stocks in terms of turnover
HEG (Rs 2,766 crore), RIL (Rs 2,377 crore), Kaynes Technology (Rs 2,363 crore), HDFC Bank (Rs 2,241 crore), ICICI Bank (Rs 1,838 crore), Jio Financial Services (Rs 1,621 crore) and InterGlobe Aviation (Rs 1,503 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: 35.52 crore), Sagility India (Traded shares: 18.28 crore), YES Bank (Traded shares: 9.36 crore), Suzlon Energy (Traded shares: 5.22 crore), JP Power (Traded shares: 5.04 crore), Jio Financial Services (Traded shares: 4.92 crore) and Canara Bank (Traded shares: 4.82 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Sagility India, Kaynes Technology, HEG, Emami, Schneider, GE Vernova T&D India and Delhivery were among the stocks that witnessed strong buying interest from market participants.
Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility?
52 Week high
Over 131 stocks hit their 52 week highs today while 91 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Apar Industries, Hind Copper, Redington, Aarti Industries, Birlasoft, International Gemmological Institute (India) and Indus Towers.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,153 stocks that traded on the BSE on Thursday, 2,416 stocks witnessed declines, 1,602 saw advances, while 135 stocks remained unchanged.
Also read | Mazagon Dock to Cochin Shipyard: Defence stocks tumble up to 18% in 1 month. Buy the dip or stay cautious?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The BSE Sensex shed 296.28 points, or 0.36%, to close at 81,185.58, while the NSE Nifty slipped 86.70 points, or 0.35%, to settle at 24,768.35. Both indexes had fallen nearly 1% earlier in the session.
Here's how analysts read the market pulse:
Following a turbulent start driven by fresh tariff threats, the Indian market started on a pessimistic note, said Vinod Nair, Head of Research, Geojit Investments, adding that the domestic market, however, attempted "a strong recovery but by the end of the day it closed with marginal losses, on a monthly expiry day."
"Investors gravitated toward domestically oriented, non-discretionary players, especially FMCG, which offered attractive valuations, demand outlook and relative insulation from tariff risks. In contrast, oil & gas stocks were the worst hit due to US warnings over Indian energy imports. Overall, the market reflected a cautious yet selective approach. Market continues to hold high hopes for a more favorable tariff outcome in the near-term," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
The S&P 500 and Nasdaq climbed to new record highs on Thursday, as Microsoft's blockbuster earnings propelled the tech giant past the $4 trillion milestone and fueled investor confidence in Big Tech's hefty investments in artificial intelligence.
Microsoft became the second publicly traded company after Nvidia to surpass $4 trillion in market valuation, following a blockbuster earnings report.
Meta Platforms also climbed 12.1% to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than 1%.
The S&P technology index and the communication services index both hit record highs, up 1.2% and over 3%, respectively.
European Markets
European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements.
The broad Stoxx 600 benchmark was flat however, weighed down by miners after U.S. September Comex copper futures tumbled 22% to $4.37 a lb.
Tech View
The Nifty recovered smartly after a gap-down opening, rising above 24,900, but failed to sustain at higher levels, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the index continues to trade below the 50 EMA, confirming a bearish trend and the RSI is in a bearish crossover.
“Despite several negative setups, a hidden positive divergence has been observed over the past 2–3 days, indicating a potential bullish reversal. This setup may play out well if the Nifty decisively moves above 25,000. On the lower side, support is placed at 24,600. A range-bound movement is expected until the Nifty breaks out of the 24,600–25,000 range," said Nair.
Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
HEG (Rs 2,766 crore), RIL (Rs 2,377 crore), Kaynes Technology (Rs 2,363 crore), HDFC Bank (Rs 2,241 crore), ICICI Bank (Rs 1,838 crore), Jio Financial Services (Rs 1,621 crore) and InterGlobe Aviation (Rs 1,503 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: 35.52 crore), Sagility India (Traded shares: 18.28 crore), YES Bank (Traded shares: 9.36 crore), Suzlon Energy (Traded shares: 5.22 crore), JP Power (Traded shares: 5.04 crore), Jio Financial Services (Traded shares: 4.92 crore) and Canara Bank (Traded shares: 4.82 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Sagility India, Kaynes Technology, HEG, Emami, Schneider, GE Vernova T&D India and Delhivery were among the stocks that witnessed strong buying interest from market participants.
Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility?
52 Week high
Over 131 stocks hit their 52 week highs today while 91 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Apar Industries, Hind Copper, Redington, Aarti Industries, Birlasoft, International Gemmological Institute (India) and Indus Towers.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,153 stocks that traded on the BSE on Thursday, 2,416 stocks witnessed declines, 1,602 saw advances, while 135 stocks remained unchanged.
Also read | Mazagon Dock to Cochin Shipyard: Defence stocks tumble up to 18% in 1 month. Buy the dip or stay cautious?
(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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