Ahead of Market: 10 things that will decide stock market action on Monday

The BSE Sensex declined 182.01 points, or 0.22%, to close at 81,451.01, while the NSE Nifty slipped 82.90 points, or 0.33%, to settle at 24,750.70.

Here’s how analysts read the market pulse:

A range-bound movement continued in the market, with the temporary reinstatement of U.S. tariffs by the appeal court influencing investors to stay sidelined, said Vinod Nair, Head of Research at Geojit Investments, adding that the global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation.

“Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI,” said Nair.

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US markets

The S&P 500 closed nearly flat on Friday after a choppy trading session, as President Donald Trump criticized China but later struck a more optimistic tone on trade negotiations. Despite the day’s muted performance, the index notched its strongest monthly gain since November 2023.

The Dow Jones Industrial Average edged up 54.34 points, or 0.13%, to finish at 42,270.07. The S&P 500 dipped 0.48 points, or 0.01%, to 5,911.69, while the Nasdaq Composite declined 62.11 points, or 0.32%, to close at 19,113.77.

European Markets

European shares ended higher on Friday, capping the month with gains despite ongoing uncertainty surrounding global trade. Investors weighed the latest twists in U.S. President Donald Trump’s tariff plans.The pan-European STOXX 600 index rose 0.1%, shrugging off the temporary reinstatement of Trump’s broadest tariffs on Thursday, which came just a day after a separate court had ordered them immediately blocked.

Tech View

“The Nifty remained volatile with a slightly negative bias on the first day of the June series. On the smaller time frame, the index has formed a bearish moving average crossover. The RSI on the hourly chart indicates bearish price momentum, suggesting short-term weakness,” said Rupak De, Senior Technical Analyst at LKP Securities, adding that the signs of exhaustion are visible on the daily RSI, accompanied by a strong negative divergence.

However, Nifty has been struggling to move beyond a certain level, said De, adding that “immediate support is placed at 24,700; a breach below this level could lead to a decline towards 24,500. On the higher side, 24,800 is likely to act as a crucial resistance, as call writers have built significant positions at that level.”

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Most active stocks in terms of turnover

Eternal (Rs 11,103 crore), BSE (Rs 4,848 crore), Suzlon Energy (Rs 3,958 crore), FSN E-Comm (Nykaa) (Rs 3,935 crore), Coromandel International (Rs 3,920 crore), Mazagon Dock Shipbuilders (Rs 3,541 crore) and Bharti Airtel (Rs 3,102 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.

Most active stocks in volume terms

Vodafone Idea (Traded shares: 70.11 crore), Suzlon Energy (Traded shares: 54.76 crore), Reliance Power (Traded shares: 53.39 crore), Eternal (Traded shares: 46.75 crore), FSN E-Comm (Nykaa) (Traded shares: 19.34 crore), YES Bank (Traded shares: 15.62 crore) and MMTC (Traded shares: 12.23 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest

Shares of Reliance Power, Suzlon Energy, BSE, R R Kabel, Wockhardt, CCL Products and Muthoot Finance were among the stocks that witnessed strong buying interest from market participants.

52 Week high

Over 109 stocks hit their 52 week highs today while 43 stocks slipped to their 52-week lows.

Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were Welspun India, Mazagon Dock Shipbuilders, Chennai Petro, IFCI, Chambal Fertilisers, Firstsource and India Cements.

Sentiment meter neutral

The market sentiments were neutral. Out of the 4,119 stocks that traded on the BSE on Friday, 2,160 stocks witnessed declines, 1,826 saw advances, while 133 stocks remained unchanged.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)