๐ฆ๐๐ผ๐ฐ๐ธ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ: ๐๐ฒ๐ ๐ง๐ฟ๐ถ๐ด๐ด๐ฒ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐๐ฎ๐น๐ฎ๐น ๐ฆ๐๐ฟ๐ฒ๐ฒ๐ ๐ก๐ฒ๐ ๐ ๐ช๐ฒ๐ฒ๐ธ
Indian benchmark indices closed slightly lower on Friday. The Reserve Bank of India held the repo rate at 5.25%. The central bank kept its neutral policy stance. It raised the inflation forecast and cut GDP growth projections. Foreign institutional investors continued to sell shares.
Ajit Mishra works at Religare Broking. He said the broader market trend stays weak. Heavyweight stocks showed mixed performance. This limited the speed of the decline. Mishra advised a cautious stance. He prefers a sell-on-rise approach. He wants the Nifty index to reclaim 23,700 first.
Global markets will play a big role next week. US stocks posted their sharpest drop in months on Friday. The S&P 500 fell 2.6%. This was its biggest one-day fall since October. It ended a 10-week winning streak. The Dow Jones fell 1.4%. The Nasdaq dropped 4.2%. Tech stocks faced heavy selling.
The sell-off followed a strong US jobs report. The report strengthened expectations the Federal Reserve will keep rates higher for longer.
European markets also closed lower. The STOXX 600 fell 0.3% on Friday and 0.5% for the week. Investors worry about West Asia tensions and energy prices.
Analysts expect the Nifty to trade in a range. It will likely stay between 23,000 and 23,550. A move above 23,556 targets 23,750-23,800.
Key stocks saw action on Friday:
- Active stocks: BSE, ZEE Entertainment, Reliance Industries, State Bank of India, Adani Enterprises, HDFC Bank, Himadri Speciality
- High volume: Vodafone Idea, Ola Electric, ZEE Entertainment, YES Bank, JP Power, Suzlon Energy
- Buying interest: ZEE Entertainment, Adani Green Energy, Himadri Speciality, Jyoti CNC, Schneider Electric, Kirloskar Brothers, Saregama India
- 52-week highs: Himadri Speciality, ACME Solar, Adani Enterprises, Sai Life Sciences, Laurus Labs, Federal Bank
- Selling pressure: Wockhardt, Hindustan Zinc, Netweb Technologies, HFCL, Nalco, Tejas Networks, BSE
Market breadth was slightly negative. Of 4,399 stocks traded on the BSE, 1,993 rose and 2,212 fell. 194 stayed flat.
Investors will watch RBI policy signals, FII flows, global equity trends, oil prices, and geopolitical news in the week ahead.