The Indian market ended lower on Thursday, weighed down by losses in IT stocks following weak earnings and cautious global cues. Optimism over a potential free-trade agreement with Britain failed to lift market mood.
The Sensex plunged over 680 points in early trade, while the Nifty50 slipped below the 25,050 mark. By the close, the BSE Sensex had lost 542 points, or 0.71%, to settle at 82,184, and the Nifty50 declined 158 points, or 0.63%, to 25,062.
Here's how analysts read the market pulse:
Indian equities fell sharply today, reversing previous gains despite positive global cues, said Vinod Nair, Head of Research, Geojit Investments, adding that the "initial optimism around the India-UK free trade agreement gave way to caution as attention shifted firmly to earnings."
"The IT and FMCG sectors dragged down large-cap stocks due to subdued Q1 performance. Though the Q1 earnings are broadly in line, it does not justify the premium valuation; India is trading at a 3-year high of 21x P/E," 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 the Nasdaq rose on Thursday, as investors sifted through a patchwork of earnings from megacaps like Alphabet and Tesla, while the Dow was weighed down by losses in UnitedHealth and IBM.
Alphabet rose 1.9% after the Google parent raised its 2025 capital spending forecast by $10 billion to $85 billion, shrugging off trade jitters, while electric vehicle maker Tesla tumbled 7.6% as CEO Elon Musk warned of "a few rough quarters" due to cuts in EV incentives.
Losses in UnitedHealth, IBM and Honeywell weighed on the blue-chip Dow, which fell 0.6% -though it remained close to its December 4 record high. IBM sank 9.5% as its second-quarter results fell flat with investors, hampered by disappointing sales in its core software division.
On the trade front, an EU spokesperson hinted that a deal was "within reach"—one that could slap a broad 15% tariff on imports across the 27-member bloc, according to diplomats.
European Markets
Trade deal optimism lifted European stocks higher on Thursday, ahead of a raft of global economic data, the European Central Bank’s interest rate meeting and an unexpected trip to the Fed by U.S. President Donald Trump.
The pan-European STOXX 600 index rose 0.23%, while Europe's broad FTSEurofirst 300 index rose 4.39 points, or 0.20%. Emerging market stocks rose 2.26 points, or 0.18%, to 1,267.42.
Tech View
The Nifty slipped lower as it faced stiff resistance around the 25,250–25,260 zone and on the hourly chart, the index fell back below the 50-EMA and closed below it, said Rupak De, Senior Technical Analyst at LKP Securities, adding that “overall, the index continues its range-bound movement, which may persist in the near term.”
“On the downside, support remains intact at 24,900; a decisive break below this level could trigger a correction in the market. On the other hand, a sustained move above 25,260 may induce a fresh rally," said De.
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
Eternal (Rs 3,752 crore), Infosys (Rs 2,207 crore), RIL (Rs 2,074 crore), Olectra Greentech (Rs 2,018 crore), Coforge (Rs 1,967 crore), HDFC Bank (Rs 1,929 crore) and Paytm (Rs 1,854 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: 23.82 crore), Ola Electric Mobility (Traded shares: 13.61 crore), Indian Energy Exchange (Traded shares: 12.77 crore), Eternal (Traded shares: 12.06 crore), YES Bank (Traded shares: 9.49 crore), Canara Bank (Traded shares: 8.61 crore) and JP Power (Traded shares: 4.03 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Olectra Greentech, Vijaya Diagnostic, Rainbow Childrens, Ipca Labs, Canara Bank, Gravita India and JBM Auto were among the stocks 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 149 stocks hit their 52 week highs today while 48 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Eternal and HDFC Bank.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Indian Energy Exchange, Coforge, Persistent System, Godfrey Philips, Nestle India, Reliance Power and Intellect Design.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,221 stocks that traded on the BSE on Thursday, 2,410 stocks witnessed declines, 1,645 saw advances, while 166 stocks 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)
The Sensex plunged over 680 points in early trade, while the Nifty50 slipped below the 25,050 mark. By the close, the BSE Sensex had lost 542 points, or 0.71%, to settle at 82,184, and the Nifty50 declined 158 points, or 0.63%, to 25,062.
Here's how analysts read the market pulse:
Indian equities fell sharply today, reversing previous gains despite positive global cues, said Vinod Nair, Head of Research, Geojit Investments, adding that the "initial optimism around the India-UK free trade agreement gave way to caution as attention shifted firmly to earnings."
"The IT and FMCG sectors dragged down large-cap stocks due to subdued Q1 performance. Though the Q1 earnings are broadly in line, it does not justify the premium valuation; India is trading at a 3-year high of 21x P/E," 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 the Nasdaq rose on Thursday, as investors sifted through a patchwork of earnings from megacaps like Alphabet and Tesla, while the Dow was weighed down by losses in UnitedHealth and IBM.
Alphabet rose 1.9% after the Google parent raised its 2025 capital spending forecast by $10 billion to $85 billion, shrugging off trade jitters, while electric vehicle maker Tesla tumbled 7.6% as CEO Elon Musk warned of "a few rough quarters" due to cuts in EV incentives.
Losses in UnitedHealth, IBM and Honeywell weighed on the blue-chip Dow, which fell 0.6% -though it remained close to its December 4 record high. IBM sank 9.5% as its second-quarter results fell flat with investors, hampered by disappointing sales in its core software division.
On the trade front, an EU spokesperson hinted that a deal was "within reach"—one that could slap a broad 15% tariff on imports across the 27-member bloc, according to diplomats.
European Markets
Trade deal optimism lifted European stocks higher on Thursday, ahead of a raft of global economic data, the European Central Bank’s interest rate meeting and an unexpected trip to the Fed by U.S. President Donald Trump.
The pan-European STOXX 600 index rose 0.23%, while Europe's broad FTSEurofirst 300 index rose 4.39 points, or 0.20%. Emerging market stocks rose 2.26 points, or 0.18%, to 1,267.42.
Tech View
The Nifty slipped lower as it faced stiff resistance around the 25,250–25,260 zone and on the hourly chart, the index fell back below the 50-EMA and closed below it, said Rupak De, Senior Technical Analyst at LKP Securities, adding that “overall, the index continues its range-bound movement, which may persist in the near term.”
“On the downside, support remains intact at 24,900; a decisive break below this level could trigger a correction in the market. On the other hand, a sustained move above 25,260 may induce a fresh rally," said De.
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
Eternal (Rs 3,752 crore), Infosys (Rs 2,207 crore), RIL (Rs 2,074 crore), Olectra Greentech (Rs 2,018 crore), Coforge (Rs 1,967 crore), HDFC Bank (Rs 1,929 crore) and Paytm (Rs 1,854 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: 23.82 crore), Ola Electric Mobility (Traded shares: 13.61 crore), Indian Energy Exchange (Traded shares: 12.77 crore), Eternal (Traded shares: 12.06 crore), YES Bank (Traded shares: 9.49 crore), Canara Bank (Traded shares: 8.61 crore) and JP Power (Traded shares: 4.03 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Olectra Greentech, Vijaya Diagnostic, Rainbow Childrens, Ipca Labs, Canara Bank, Gravita India and JBM Auto were among the stocks 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 149 stocks hit their 52 week highs today while 48 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Eternal and HDFC Bank.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Indian Energy Exchange, Coforge, Persistent System, Godfrey Philips, Nestle India, Reliance Power and Intellect Design.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,221 stocks that traded on the BSE on Thursday, 2,410 stocks witnessed declines, 1,645 saw advances, while 166 stocks 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)
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