Nifty and Sensex end on the last day of the week and month on a nervous note
NIFTY (-156, 25722)
Sensex (-466, 83939)
Bank Nifty (-255, 57776)
All sectoral indices ended in red barring Nifty PSU Banks, which was the Gainer.
Please note, confirmation of strength now only above 26107 mark.
Bottom-line: Dark cloud cover seen on Dalal Stret
Adv-Dec 09—41
INDIA VIX 12.15 (+0.70%)
NIFTY PCR (04th NOV) 0.50
NIFTY PCR (25th NOV) 1.11
USD/INR Futures (NOV) (-0.01%, 88.81)
SECTOR GAINERS:
NIFTY PSUBANKS (+1.56%)
NIFTY OIL & GAS (+0.07%)
SECTORS LOSERS
NIFTY MEDIA (-1.32%)
NIFTY METAL (-1.09%)
NIFTY HEALTHCARE (-0.89%)
TODAY’S MARKET RE-CAP:
1) The session was characterised by cautious trading ahead of key global cues, with breadth constrained and volatility elevated.
2) Nifty (-0.60%) opened on a positive note but, bears took over after that and were seen aiming to take control all through the session and the negative takeaway was that the benchmark ended on a jittery note.
Nifty is still above its 21 DMA (25494), 50 DMA (25155) and its 100 DMA (25079). Nifty’s 200 DMA at (24327) mark.
Please note, confirmation of strength now only above 26107 mark.
3) Bank Nifty (-0.72%) witnessed weakness amidst profit booking, mirroring Nifty’s sliding action. Bank Nifty’s new all-time-high still seen at 58577.50 mark.
4) The market breadth (09:41) was clearly in favour of the bears.
4) Nifty Mid-cap (-0.27%) and Nifty Small-cap (-0.10%) indices ended with minor cuts yet again.
STOCKS IN SPOTLIGHT:
1) India’s largest carmaker, Maruti Suzuki, on Friday reported a consolidated net profit of ₹3,349 crore during the second quarter of the financial year 2025-26 (Q2FY26), up 8% from ₹3,102.5 crore during the same quarter last year.
2) TD Power Systems hit a new high of ₹768.45, surging 12% on the BSE in Friday’s intra-day trade on the back of heavy volumes in an otherwise tepid market owing to strong September quarter (Q2FY26) results.
BULLS OF THE DAY:
BEL (+3.98%)
EICHERMOT (+1.81%)
SHRIRAMFIN (+1.78%)
L&T (+1.02%)
TCS (+0.81%)
BEARS OF THE DAY:
ETERNAL (-3.45%)
NTPC (-2.52%)
CIPLA (-2.51%)
MAXHEALTH (-2.50%)
HDFCLIFE (-2.09%)
OUR VIEW FOR MONDAY’S TRADE
Nifty needs to move back above 26000 for bulls to regain confidence.
Till then, staying nimble on any long positions is the preferred strategy.
ALL ABOUT NIFTY:
Nifty (CMP: 25722)
Support: 25551/25351
Resistance: 25878/26107
Range: 25622-25822
21 DMA: 25494
50 DMA: 25155
200 DMA: 24327
Trend: Neutral
BULLISH LOOKING STOCKS:
SBIN
FEDERALBNK
CANBK
BULLISH LOOKING STOCKS (LONG TERM):
BEL
CHOLAFIN
GRASIM
BEARISH LOOKING STOCKS:
CIPLA
PIDILITE
INDIGO
STOCKS TO AVOID:
HAL
LUPIN
MFSL
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