Indian stocks in trade on Friday were lowered amid weakening global clues and as investors prefer to stay off-market before key U.S. inflation prints. At the end, 30-share Sensex ended at 81,451.01, down 0.22% or 182 points, while Nifty50 fell 0.33% or 82.9 points, settled at 24,750.7.
Meanwhile, the broader market ended in red, with the mid-sized index down 0.2%.
Bank Nifty, on the other hand, has a high yield in PSU banking business, up 0.38%.
From the Nifty50 package, the highest interests include stocks such as Zomato, National Bank of India, HDFC Bank, Reddy’s and Larsen and Toubro, while Laggards are Bajaj Auto, Hindalco, Shriram Finance, HCL Technologies and Nestle.
Meanwhile, FII inflows continue due to volatility in the U.S. 10-year yield, and expect a decrease in domestic Q4 GDP data and the Reserve Bank of India later today.
Vinod Nair, head of research at Geojit Investments Limited.
In the sector, all indexes succumb to sales pressures, and only PSU bank gauges will reverse the trend with a return of up to 3%. Metals, consumers’ durable durable goods lead the laggard after the appeals court reinstated Trump’s tariffs.
Stocks in the news
Apollo Hospital: The stock ended with a 0.43% cut before earnings later today.
Bajaj Auto: Despite positive quarterly yields in March, the stock fell nearly 3% in Friday’s trading.
Mazagon Pier Shipyard: Defence PSU shares fell 8% after the company’s profits fell in March.
Technical prospects
Global Market
While global concerns about trade tariffs continue, European markets resist active trading in market trends. At about 3:25 pm the German DAX index rose by about 0.9%, while the FTSE index traded by 0.8%.
