Ahead of Market: 10 things that will decide stock market action on Monday

On Friday, Sensex and Nifty recorded slight losses even as oil prices stabilised around $87 per barrel. Sensex fell around 71 points to close at 78,009, while Nifty 50 lost 30 points to end the session at 24,366. Broader markets slipped into the deep red, with the Nifty Smallcap 100 and Nifty Midcap 100 indices falling around 0.7% each.

Here's how analysts read the market pulse

A sideways trend persisted in the market on Friday as investors awaited greater clarity on the outlook for energy prices and global bond yields, said Vinod Nair, Head of Research, Geojit Investments Limited. He, however, noted that the market witnessed a recovery from the day's lows, led by consumer durables and discretionary consumption stocks, supported by improving demand trends.

"Better-than-expected corporate earnings during the quarter, along with supportive domestic factors that could drive revisions to FY27 earnings estimates upward, continue to create opportunities for a bottom-up stock selection approach. Additionally, the stability in the rupee, moderation in India's 10-year bond yield, and a gradual improvement in FII participation are providing support to the domestic macro-environment and supporting the inflation trajectory," he further said.

US stocks

European markets

Tech view

Going ahead, the immediate resistance for Nifty is placed in the 24,500-24,550 zone, according to SBI Securities. Any sustainable move above this zone could result in Nifty extending its pullback towards 24,700, followed by 24,850 in the short term, it added.

On the downside, the immediate support for Nifty is placed in the 24,230-24,200 zone, which coincides with the 100-day EMA, according to the domestic brokerage.

Most active stocks in terms of turnover

Bharti Airtel (Rs 2,441 crore), LG Electronics India (Rs 1,665 crore), HDFC Bank (Rs 1,480 crore), Reliance Industries (Rs 1,373 crore), Welspun India (Rs 1,262 crore), Bharat Dynamics (Rs 1,170 crore) and Zee Entertainment Enterprises (Rs 1,138 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.

Most active stocks in volume terms

Vodafone Idea (Traded shares: 77.89 crore), Zee Entertainment Enterprises (Traded shares: 11.12 crore), Welspun India (Traded shares: 7.35 crore), JP Power (Traded shares: 4 crore), Ashok Leyland (Traded shares: 3.92 crore), Yes Bank (Traded shares: 3.89 crore), and Ola Electric (Traded shares: 3.31 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest

LG Electronics India, Elgi Equipments, Zee Entertainment Enterprises, ITD Cementation, Honasa Consumer, Vodafone Idea and Asahi Ind Glass were among the stocks that witnessed strong buying interest from market participants.

52-week high

Among the ones that hit their 52-week highs on NSE were Honasa Consumer, Welspun India, HEG, Ajanta Pharma, Minda Corp., Bosch and Neuland Labs.

Stocks seeing selling pressure

Stocks that witnessed significant selling pressure were NALCO, Ibull Housing Finance, Olectra Greentech, Natco Pharma, Aditya Infotech, HPCL and Allied Blenders.

52-week low

Among the ones that hit their 52-week lows on NSE were KEC International, UPL and IRB Infra Dev.

Sentiment meter favours bears

Out of the 3,461 stocks that traded on the NSE on Friday, August 14, 1,478 stocks witnessed advances, 1,854 saw declines, while 129 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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