Ahead of Market: 10 things that will decide stock market action on Monday
Indian market closed in red on Friday, dragged lower by selling in heavyweight financial and energy stocks, as worries over corporate earnings dampened market sentiment, while IT stocks stood out as the only gainers after quarterly update from sector leader TCS suggested early signs of a demand recovery.
The benchmark BSE Sensex lost 241.30 points or 0.31% to close at 77,378.91, while the broader Nifty 50 index closed at 23,431.50, lower by 95.00 points or 0.4%.
Here's how analysts read the market pulse:
Commenting on the day’s action, Vinod Nair, Head of Research at Geojit Financial Services said the domestic market sentiment remained subdued due to rising crude oil prices, driven by supply concerns, and a strengthening dollar index.
“Despite the IT sector's resilience following positive early Q3 results, broader indices bled due to uncertainties surrounding Trump policies and high valuations. Consolidation may persist in the near term, yet investors are closely watching the US non-farm payroll data today for further guidance," Nair added.
US markets
US stocks tumbled on Friday as the S&P 500 wiped out its 2025 gains following a stronger-than-expected jobs report. The robust labor market data reignited inflation concerns, leading investors to bet that the Federal Reserve will maintain a cautious stance on cutting interest rates this year.
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