Indian Markets Close Lower, Weekly Gains Offset by Selling Pressure

Indian equity markets ended lower on Friday, snapping a three-day winning streak as the Nifty index fell below the crucial 25,400 mark. Despite this daily decline, benchmark indices posted nearly 1% gains for the week, reflecting underlying bullish sentiment if the Nifty holds above 25,200.

The BSE Sensex closed down 387 points at 82,626, while the Nifty 50 finished 96 points lower at 25,327. Broader market indices remained resilient, with the Nifty Midcap index ending flat and the Smallcap index gaining 0.1%. Retail investor sentiment shifted towards a bullish outlook for the Nifty 50 by the end of the trading session, according to sentiment analysis on Stocktwits.

Sector Performance and Notable Stock Movements

Sectorally, the markets displayed mixed results. Public sector banks, metals, and pharmaceuticals experienced significant buying interest. Conversely, sectors such as consumer durables, fast-moving consumer goods (FMCG), and technology faced selling pressure.

Adani Group stocks stood out with notable gains after the Securities and Exchange Board of India (SEBI) cleared the conglomerate in a high-profile case initiated by US-based short-seller Hindenburg Research. Notably, Adani Power surged 14%, buoyed by a positive note from Morgan Stanley and the anticipation of an upcoming stock split. Adani Ports and Adani Enterprises also recorded gains, rising 2% and 5% respectively.

In another development, shares of Vodafone Idea increased by 8% as the Supreme Court postponed the hearing on the adjusted gross revenue (AGR) case, granting the government additional time to seek a resolution.

Meanwhile, Kaynes Technology saw a slight recovery, finishing 1% lower following the resignation of its chief executive officer. The company assured investors that a replacement has been identified and will be announced soon. Redington, a distributor of Apple products in India, closed 3% higher after the launch of the iPhone 17 series.

Market Outlook and Analyst Predictions

Analysts are cautiously optimistic about the market’s direction. Mayank Singh Chandel observed that the BSE has been in a sustained uptrend since 2020, with occasional pullbacks. He noted that the index had been declining since June 2025, but found support near the ₹2,070–₹2,000 range. He advised traders to wait for a decisive close above the falling trendline before making new entries.

Gaurav Narendra Puri expressed a bullish stance on Exide, recommending a stop loss at ₹414 with target prices at ₹428, ₹435, and ₹440 over a holding period of two to three weeks. This recommendation is supported by strong technical indicators and a flag pattern breakout.

Analyst Shubham Jain indicated that a confirmation above the previous day’s high could trigger a new rally, while Ashish Kyal noted the Nifty is currently consolidating within a range. For an uptrend to resume, he emphasized the need for the index to break above 25,430. The Gann level of 25,361 is acting as a temporary pause in momentum, with short-term support identified at 25,250.

Sunil Kotak highlighted that the Nifty is experiencing a retracement between 25,200 and 25,250. As long as the index remains above 25,200, the outlook is bullish. He identified a strong supply zone between 25,500 and 25,550 that could become significant in the coming days.

Globally, European markets traded with mixed results, while US stock futures indicated a subdued start for Wall Street. Investors are advised to monitor developments closely as the market navigates through the current fluctuations. For updates and corrections, please contact [[email protected]](mailto:[email protected]).