Equity benchmarks Sensex and Nifty on Tuesday gave up most of their sharp intra-day gains due to the emergence of profit-taking as investors turned cautious amid reports of a ceasefire violation between Iran and Israel.
After surging 1,121 points or 1.36% to 83,018 in intra-day trade, the 30-share Sensex later trimmed most of its gains as reports surfaced of the ceasefire plan faltering. But, the benchmark still managed to settle in the green, climbing 158 points or 0.19% to 82,055.
Here's how analysts read the market pulse:
"Going ahead, markets are expected to remain firm, driven by reducing geopolitical concerns, and positive domestic cues," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.
US markets
Wall Street's main indexes opened higher on Tuesday as President Donald Trump announced a ceasefire between Israel and Iran, calming investor nerves after the 12-day conflict hurt global risk assets and fanned inflation concerns.
European Markets
European shares surged on Tuesday as investors' risk appetite improved after US President Donald Trump announced a ceasefire between Iran and Israel after 12 days of war.
Tech View
The overall sentiment remains positive, with a possibility of a rise towards 25,350. Immediate support is placed at 25,000; a break below this level could lead to a drift towards 24,850. On the other hand, if the index holds above 25,000, strength may persist, and the sentiment could favour long traders.
Most active stocks in terms of turnover
NTPC (Rs 3,284 crore), RIL (Rs 2,389 crore), HDFC Bank (Rs 2222 crore), BSE (Rs 1,696 crore), GRSE (Rs 1,674 crore), ICICI Bank (Rs 1,595 crore) and BEL (Rs 1,415 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: 10.3 crore), YES Bank (Traded shares: 11.13 crore), NTPC (Traded shares: 10.08 crore), Suzlon (Traded shares: 8.44 crore), JP Power (Traded shares: 5.97 crore), Vishal Mega Mart (Traded shares: 4.81 crore) and Vishal Mega Mart (Traded shares: 5.94 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Hyundai Motor, L&T Finance, Authum Investment, Aditya Birla Corp, Lloyds Metals, Poonawalla Fincorp among the stocks that witnessed strong buying interest from market participants.
52 Week high
About 108 stocks hit their 52 week highs today while 44 stocks slipped to their 52-week lows.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,144 stocks that traded on the BSE on Wednesday, 2,615 stocks witnessed advances, 1,788 saw 1,385, while 144 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
After surging 1,121 points or 1.36% to 83,018 in intra-day trade, the 30-share Sensex later trimmed most of its gains as reports surfaced of the ceasefire plan faltering. But, the benchmark still managed to settle in the green, climbing 158 points or 0.19% to 82,055.
Here's how analysts read the market pulse:
"Going ahead, markets are expected to remain firm, driven by reducing geopolitical concerns, and positive domestic cues," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.
US markets
Wall Street's main indexes opened higher on Tuesday as President Donald Trump announced a ceasefire between Israel and Iran, calming investor nerves after the 12-day conflict hurt global risk assets and fanned inflation concerns.
European Markets
European shares surged on Tuesday as investors' risk appetite improved after US President Donald Trump announced a ceasefire between Iran and Israel after 12 days of war.
Tech View
The overall sentiment remains positive, with a possibility of a rise towards 25,350. Immediate support is placed at 25,000; a break below this level could lead to a drift towards 24,850. On the other hand, if the index holds above 25,000, strength may persist, and the sentiment could favour long traders.
Most active stocks in terms of turnover
NTPC (Rs 3,284 crore), RIL (Rs 2,389 crore), HDFC Bank (Rs 2222 crore), BSE (Rs 1,696 crore), GRSE (Rs 1,674 crore), ICICI Bank (Rs 1,595 crore) and BEL (Rs 1,415 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: 10.3 crore), YES Bank (Traded shares: 11.13 crore), NTPC (Traded shares: 10.08 crore), Suzlon (Traded shares: 8.44 crore), JP Power (Traded shares: 5.97 crore), Vishal Mega Mart (Traded shares: 4.81 crore) and Vishal Mega Mart (Traded shares: 5.94 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Hyundai Motor, L&T Finance, Authum Investment, Aditya Birla Corp, Lloyds Metals, Poonawalla Fincorp among the stocks that witnessed strong buying interest from market participants.
52 Week high
About 108 stocks hit their 52 week highs today while 44 stocks slipped to their 52-week lows.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,144 stocks that traded on the BSE on Wednesday, 2,615 stocks witnessed advances, 1,788 saw 1,385, while 144 stocks remained unchanged.
(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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