Market wrap: Axis Bank, Asian Paints, Max Healthcare, Infosys top gainers and losers on Nifty and Sensex on Friday

Indian equity benchmarks ended higher in the final trading session of the week, although gains remained capped as volatile crude prices and elevated bond yields continued to weigh on the market.

The Nifty 50 settled at 23,140.50, gaining 77.40 points, or 0.34%. The Sensex advanced 315.20 points, or 0.43%, to close at 73,895.74.

The broader market remained mixed. The NSE Nifty Midcap 100 slipped 0.14%, while the Nifty Smallcap 100 managed to eke out a gain of 0.15%.


Market volatility eased during the session, with the India VIX, a gauge of market volatility, declining 4% to close at 12.18.

Sectoral performance was mixed. The Nifty Auto and Nifty Consumer Durables indices gained nearly 1% each, while the Nifty IT and Nifty Pharma indices were among those that ended in the red.

Market breadth on the NSE was positive, with 1,925 stocks advancing against 1,594 declines, while 128 stocks closed unchanged.

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Here are today’s top gainers on the Nifty

Here are today’s top gainers on the Sensex

Here are today’s top losers on the Nifty

Here are today’s top losers on the Sensex

Technical View

Technically, the Nifty50 index continues to form lower highs and lower lows and remains below its key moving averages, keeping the short-term structure weak, according to Rupak De, Senior Technical Analyst at LKP Securities. The RSI has turned bearish on the weekly chart, indicating continued downside momentum.

"On the downside, 23,000 remains the immediate support, followed by 22,700. On the higher end, 23,200–23,300 is the immediate resistance zone. A sustained move above 23,300 could improve the technical setup, while a decisive break below 23,000 may resume the downtrend," said De.

Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here