Market wrap: Eicher Motors, HUL, Shriram Finance, Tata Motors PV top gainers and losers on Nifty and Sensex on Friday

Indian equities snapped their recent winning streak on Friday, with benchmark indices ending lower as elevated domestic inflation and renewed geopolitical uncertainty weighed on investor sentiment, triggering profit booking across key sectors.

The Nifty 50 declined 155 points, or 0.61%, to close at 25,144, while the BSE Sensex shed 318 points, or 0.39%, to settle at 81,592. The weakness extended to the broader market, with the Nifty Midcap 100 falling 0.24% and the Nifty Smallcap 100 slipping 0.26%.

Sectoral performance remained largely negative, with financial services, private banks, automobiles and realty stocks bearing the brunt of the selling pressure. Nifty Auto and Nifty Realty were among the worst-performing sectoral indices, declining more than 1% each.


The higher-than-expected inflation reading added to concerns over the domestic macroeconomic outlook, raising questions about the trajectory of interest rates, borrowing costs and discretionary consumption.

Selling pressure, however, was not broad-based across all sectors. Energy and healthcare stocks showed relative resilience. Energy shares found support from a rebound in crude oil prices, while healthcare stocks attracted defensive buying as investors turned cautious amid the loss of momentum in the broader market.

Market breadth reflected the weak undertone, with 2,179 stocks declining on the NSE against 1,446 advances, while 96 stocks remained 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 Nifty’s close below 25,175 shifts immediate support to 25,100 and 25,000, while 25,300 now represents the key recovery hurdle, according to Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.

"A sustained hold above 25,100 in the Nifty and 60,800 in Bank Nifty could pave the way for consolidation or a technical rebound. However, a breach of these support levels, further escalation of tensions in the Gulf or US Treasury yields remaining above 5% could deepen the correction. Conversely, a sustained move back above 25,300 would signal improving sentiment and suggest that the broader uptrend is beginning to stabilize," said Radhakrishnan.

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