Even though there has been a decline in the last two trading days of the week, there has been a rise in the stock market throughout the week. This week Nifty closed with a gain of 0.7 percent. In which mostly auto stocks contributed. When the domestic markets reopen on Monday, several important events taking place throughout the week are likely to impact the market mood. On Friday, the 50-stock index closed 150.50 points, or 0.62 per cent, lower at 24,176.15.
Rupak Dey, Senior Technical Analyst, LKP Securities, said that the market mood has worsened as the index has gone below 50 EMA on the intraday timeframe. Additionally, the RSI has again entered a bearish crossover on the daily chart, indicating weakening market momentum. Dey said that overall, the market sentiment seems to be weak, and heavy call writing is being seen around the strike price of 24,200.
If Nifty remains below 24,200 on Monday, then the index may see a further decline towards the zone of 24,05024,000. On the other hand, if the index moves above 24,200, a short-term recovery rally towards 24,350–24,400 may start. Let us also tell you what are those factors, due to which movement can be seen in the stock market.
fourth quarter earnings
Although most of the Nifty companies have already declared their fourth quarter earnings results, the movement based on the results will be seen in most of the major markets. More than 480 companies listed on BSE will declare their earnings results for the January-March quarter in the next six days. The Nifty pack includes Tata Motors Passengers Vehicle, Dr. Reddy's, Bharti Airtel, Cipla, Tata Steel, Power Grid Corporation and Bajaj Finserv. Companies outside Nifty include Tata Motors, PVR Inox, Tata Power, Nazara, SAIL, MTAR, Canara Bank, Fractal Analytics and Indian Hotels.
Iran-Israel War
There are no significant signs towards resolving the ongoing conflict between America and Iran, as despite a weak ceasefire in the Gulf region, hostility between the two countries continues. This latest tension escalated when both sides attacked each other. At the same time, a US intelligence report has estimated that Tehran will be able to withstand the naval blockade for a long time. Over the past few days, there have been some of the deadliest clashes in and around the Strait of Hormuz, the worst since a ceasefire came into force last month. The latest attacks on Friday once again targeted the United Arab Emirates, making the ongoing instability in the region even more clear.
Meanwhile, Washington is still waiting for Tehran to respond to a US-backed proposal aimed at formally ending the conflict before broader talks can begin on contentious issues such as Iran's nuclear ambitions. Speaking in Rome on Friday, Secretary of State Marco Rubio said the US expected Iran to respond later in the day. However, a spokesman for Iran's Foreign Ministry indicated that Tehran was still evaluating the proposal.
US market
On Friday, major indices of Wall Street closed in the green. The rise in shares of chip-making companies helped reduce concerns over renewed tensions between the US and Iran. Apart from this, better than expected employment data in America further strengthened the positive environment in the market. While the Dow 30 closed marginally higher at 49,609.16 (up 12.19 points or 0.02%), the S&P 500 gained 0.84% (61.82 points) and closed at 7,398.93. Nasdaq Composite, based on technology shares, gained a tremendous amount of 440.88 points or 1.71% and closed at 26,247.08.
crude oil
Global benchmark crude oil prices will remain an important factor in determining the direction of domestic markets. On Friday, US WTI crude oil futures closed at $94.68 per barrel, a decline of $0.13 or 0.14 per cent in a single session. At the same time, a slight increase of 0.19 percent or $ 0.19 per barrel was seen in Brent crude oil and it closed at $ 101.29.
FII and DII investment
This week ended with heavy selling by foreign institutional investors (FIIs). During the five trading sessions that ended on Friday, FIIs sold shares worth a total of Rs 11,072 crore from the domestic stock market. The outflow of foreign investment has increased to Rs 14,231 crore so far in May, taking the total outflow in 2026 to a whopping level of Rs 2.06 lakh crore. On Friday, FIIs sold domestic shares worth Rs 4,110.60 crore, while domestic institutional investors (DIIs) were net buyers worth Rs 6,748.13 crore.
rupee vs dollar
The Indian Rupee strengthened this week, due to initial confidence in the US-Iran peace agreement. But the renewed hostilities once again threaten to shake the future of the Asian currency. The currency fell 0.2 per cent from its previous close, while 1-month implied volatility for the dollar-rupee rose to 5.7 per cent, the highest since mid-April.
A trader of a foreign bank said that the price fluctuations were very high on Friday. Against the dollar, the rupee was continuously getting support around 94.40, while public sector banks were active around the level of 94.70. The rupee fell as low as 94.70 against the dollar, but later recovered its losses to end the session at 94.40, 0.4 per cent higher than last week.
share in news
At least 20 stocks may see significant movement due to corporate actions taken by various companies. The next five days will be the 'ex-date' and 'record date' for dividend payment, bonus issue, stock split and merger. The stocks that will be trading 'ex-dividend' include State Bank of India (SBI), Manappuram Finance, Premier Energies, Oberoi Realty, Anand Rathi Wealth, Aptus Value Housing Finance India and Indian Energy Exchange (IEX). 'Record date' has been fixed for the bonus issues of Aptus Pharma, Biogen Pharmachem Industries and Dev Labtech Venture. There will be 'ex-split' trading in shares of Dev Labtech Venture on May 15, while the 'record date' for the merger of Gujarat State Petronet is May 12.
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