Markets remained on edge amid lingering uncertainty over a potential India-U.S. trade deal, while investors also assessed the impact of Sebi’s move to bar U.S.-based trading firm Jane Street from the Indian securities market over alleged manipulation in the derivatives segment.
The BSE Sensex rose 193.42 points, or 0.23%, to close at 83,432.89, while the NSE Nifty advanced 55.70 points, or 0.22%, to end at 25,461.
Here’s how analysts read the market pulse:
The Indian market is experiencing a pause as investors adopt a wait-and-watch strategy ahead of the impending U.S. tariff deadline amid mixed global cues, said Vinod Nair, Head of Research at Geojit Investments, adding that the ongoing FII outflows reflect a risk-off approach, while DII inflows are offering partial support.
“Following the recent rally, the main indices are hovering near peak valuation levels, limiting further upside, which is highly dependent on Q1 earnings and the outcome of the trade deal. In the mid- and small-cap space, the market has shifted to being more stock-specific following the recent recovery,” said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US Markets
U.S. Markets were closed on Friday, July 4, in observance of Independence Day.
European Markets
European shares slipped on Friday, dragged down by declines in banking and mining stocks, as investors turned their attention to the upcoming July 9 deadline for a potential trade agreement with the United States.
The pan-European STOXX 600 index ended 0.5% lower, posting a modest loss for the week.
Tech View
The daily chart of the Nifty shows the formation of a hammer pattern, which is generally considered a bullish reversal signal, said Rupak De, Senior Technical Analyst at LKP Securities. He added that key support lies at 25,300, and as long as the index remains above this level, bullish sentiment is expected to persist, with the potential for a swift rebound.
“On the higher side, the index could advance towards 25,800–26,100 in the near term. Immediate resistance is placed at 25,500; a breakout above this level could further strengthen the upward momentum,” De said.
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
Trent (Rs 4,205 crore), BSE (Rs 3,444 crore), Chennai Petroleum (Rs 1,509 crore), Reliance Industries Ltd (Rs 1,006 crore), Bajaj Finance (Rs 987 crore), CreditAccess Grameen (Rs 981 crore) and CDSL (Rs 962 crore) were among the most active stocks on the BSE in value terms. Higher value-based activity in a counter can help identify the stocks with the highest trading turnovers during the day.
Most active stocks in volume terms
Vodafone Idea (40.30 crore shares traded), Ola Electric Mobility (8.58 crore), JP Power (7.48 crore), YES Bank (5.97 crore), Zee Entertainment (4.33 crore), Sammaan Capital (3.73 crore) and Suzlon Energy (3.22 crore) were among the most actively traded stocks in volume terms on the NSE.
Stocks showing buying interest
Shares of Chennai Petroleum, Mastek Ltd, Sapphire Foods, BPCL, Bosch, Kirloskar Brothers, and CreditAccess Grameen were among the counters that witnessed strong buying interest from market participants.
Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
52-week high
Over 130 stocks hit their 52-week highs today, while 59 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks that witnessed significant selling pressure included Trent, Nuvama Wealth Management, Sammaan Capital, BSE, Angel One, DCM Shriram, and Authum Investment & Infrastructure.
Sentiment meter: Bullish
Market sentiment was bullish. Out of the 4,189 stocks that traded on the BSE on Friday, 2,202 advanced, 1,845 declined, and 142 remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
