The Indian stock market ended the week on a mixed note, with benchmark indices slightly in the red, while broader markets showcased resilience and gains.
Market Highlights• Sensex: 81,709.12 🔻 0.07% • Nifty 50: 24,677.80 🔻 0.12% • Nifty Midcap: 🔼 0.45% • Nifty Smallcap: 🔼 0.82%
The broader market outperformed, driven by strong buying momentum, with the advance-to-decline ratio reflecting positive sentiment:• Advancers: 1,439 • Decliners: 919
Volatility Update
The market witnessed a dip in volatility as the India VIX declined by 2.67%, trading around the 14-level. This indicates a more stable trading environment.
Sectoral Performance
Top Gainers• Nifty Metal • Nifty Auto • Nifty PSU Bank
Top Losers• Nifty Media • Nifty IT • Nifty Bank
Top Movers
Gainers• Tata Motors • Bajaj Auto • Axis Bank
Losers• Adani Ports • Cipla • Bharti Airtel
Key Developments1. RBI’s CRR Cut: The Reserve Bank of India reduced the Cash Reserve Ratio (CRR) by 50 basis points, providing additional liquidity to the banking system. 2. China Stimulus: China’s stimulus package boosted global sentiment, especially for metal stocks, which saw strong buying interest. 3. Active Sectors Next Week: IT, PSU Banks, and Financial Services are expected to be in focus.
Global Economic Calendar• US CPI Data: Critical inflation metric influencing Federal Reserve policies. • Eurozone Industrial Production: A key indicator for economic growth in the region. • China Retail Sales and Industrial Output: Offering insights into China’s post-stimulus recovery trajectory.
Market Insight
The market remains in a bull orbit, with selective sectors driving momentum. Broader participation reflects underlying strength, though global events and domestic policy measures could shape the trading dynamics ahead.
For an in-depth analysis of support and resistance levels, check out our YouTube video.