Indian equity benchmarks closed Friday’s session on a flat note, recovering from intraday lows as buying in metal and PSU bank stocks helped offset broader market weakness. The trading day was marked by volatility, cautious sentiment, and selective sectoral strength.
Benchmark Indices: Mild Losses After Recovery
The BSE Sensex ended the day down 94.73 points, or 0.11%, at 83,216.28, while the NSE Nifty 50 slipped 17.40 points, or 0.07%, to close at 25,492.30. Both indices opened weak and touched their respective lows early in the session, but staged a gradual recovery through the day.
Sectoral Highlights: Metals Shine, FMCG and Telecom Lag
Among sectors, Nifty Metal was the standout performer, gaining 1.41%, driven by strength in stocks like Tata Steel and JSW Steel. Nifty Financial Services also posted gains of 1.25%, supported by PSU banks such as Shriram Finance and SBI.
On the flip side, Consumer Durables, FMCG, and Telecom sectors saw mild declines of around 0.5% each. Stocks like Bharti Airtel, Tata Consumer, and Apollo Hospitals were among the notable losers.
Broader Market Performance
The BSE Midcap index rose 118 points or 0.25%, closing at 46,768, while the BSE Smallcap index ended marginally lower by 5 points at 53,052. Market breadth was mixed, with 1,962 stocks advancing, 2,036 declining, and 126 remaining unchanged.
Technical View and Market Sentiment
Technically, the Nifty has formed a double top near the 26,100 level and is currently undergoing a retracement phase, making lower highs and lower lows on the daily chart. The sentiment remains cautious due to persistent foreign institutional investor (FII) selling, global uncertainties, and anticipation around upcoming macroeconomic data.
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Outlook
With earnings season underway and global cues still uncertain, markets may continue to trade with volatility. Investors are advised to remain selective, focus on fundamentally strong sectors like metals and financials, and stay updated with technical trends. Strategic entry and exit—backed by professional research—will be key to navigating the next phase of market movement.
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