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

The Indian stock market extended gains on Friday, with the Sensex and Nifty rising more than 0.3% each, supported by easing tensions in the Middle East, lower expectations of Fed rate hikes, and other key factors.The Sensex gained around 262 points to close at 77,764, while the Nifty 50 rose more than 95 points to end the session above 24,270.

The sharp gains added nearly Rs 44,155 crore to the total market capitalisation of all companies listed on the BSE, taking it to Rs 480 lakh crore.Here's how analysts read the market pulse: Domestic markets closed the session higher despite intermittent volatility and profit-booking, aided by supportive global cues and growing expectations of a more accommodative global rate environment following softer US labour market data, said Vinod Nair, Head of Research at Geojit Investments.He noted that sentiment was further lifted by positive outcomes from the India–Japan Summit and the continued recovery in the IT sector.“On the domestic front, softening crude oil prices remain a key macro tailwind, supporting the inflation outlook, external balances, and overall economic stability.

Focus now shifts to the Q1FY27 earnings season and management commentary, especially amid a widening monsoon deficit.

Markets are likely to maintain a buy-on-dips approach, with earnings quality and global developments, including progress on the US–India FTA, remaining key monitorables,” he added.Tech viewNifty has registered a consolidation breakout on the daily chart, indicating improving market sentiment, said Rupak De, Senior Technical Analyst at LKP Securities.“Additionally, the index continues to sustain above the crucial 50-day EMA, reinforcing the positive short-term trend.

The RSI has also witnessed a bullish crossover, adding further strength to the momentum.

Going forward, Nifty appears well-positioned to advance towards 24,500 and potentially higher.

On the downside, immediate support is placed at 24,200, followed by the stronger support zone around 24,000,” he added.Most active stocks in terms of turnoverPolicy Bazaar (Rs 3,694 crore), Zensar Tech (Rs 3,082 crore), CG Power (Rs 2,233 crore), ABB Power (Rs 2,137 crore), HDFC Bank (Rs 2,077 crore), ICICI Bank (Rs 1,822 crore), and GE T&D India (Rs 1,700 crore) were among the most active stocks on the NSE in value terms.

Higher activity in a counter in value terms can help identify stocks with the highest trading turnovers during the day.Most active stocks in volume termsVodafone Idea (traded shares: 31.05 crore), Ola Electric Mobility (9.65 crore), Yes Bank (8.60 crore), Suzlon Energy (7.10 crore), Zensar Tech (6.07 crore), Reliance Power (5.21 crore), and Bank of Baroda (3.93 crore) were among the most actively traded stocks in volume terms on the NSE.Stocks showing buying interestSumitomo Chemical, Zensar Tech, Aegis Vopak Terminals, eClerx Services, HCL Tech, Kaynes Technology, and M&M Financial were among the stocks that witnessed strong buying interest from market participants.52-week highsAmong the stocks that hit their 52-week highs on the NSE were Aurobindo Pharma, Nuvama Wealth Management, Oberoi Realty, Aadhar Housing Finance, Cadila Healthcare, Anand Rathi Wealth, and Ipca Laboratories.Stocks seeing selling pressureStocks that witnessed significant selling pressure included GE T&D India, ABB Power, Siemens Energy India, CG Power, Union Bank of India, Thermax, and Apar Industries.Sentiment meter favours bullsOut of the 3,436 stocks traded on the NSE on Friday, July 3, 1,823 advanced, 1,513 declined, while 100 remained unchanged.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

These do not represent the views of The Economic Times) ...