10 things that will decide D-Street action on Tuesday

Indian shares ended in red on Monday, mirroring a global sell-off in equities. Broad-based declines across indices were triggered by an unexpectedly strong U.S. jobs report, which raised concerns about fewer Federal Reserve rate cuts, compounded by ongoing worries over slowing domestic earnings.

The benchmark BSE Sensex lost 1048.90 points or 1.36% to close at 76,330.01, while the broader Nifty 50 index closed at 23,085.95, lower by 345.55 points or 1.47%.

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 global markets witnessed a significant sell-off, prompting a similar response in domestic markets due to strong US payroll data suggesting fewer rate cuts in 2025.

“This has strengthened the dollar, driven up bond yields, and made emerging markets less attractive. Recent GDP downgrades and slowing earnings amidst higher valuations are weighing heavily on market sentiment. Expect volatility in the near term, with the 2025 budget, Q3 results, RBI policy, and Trump's policies are key factors to define the trend in the short-term," added Nair.

US markets
U.S. stocks fell on Monday, with the S&P 500 hitting a two-month low as bond yields surged following strong payroll data, signaling continued Fed hawkishness. Wall Street's fear gauge rose to a three-week high. The Russell 2000 index dropped 1%, marking its lowest level since September 2024, after entering correction territory on Friday.

Long-term Treasury yields remained at multi-month highs, adding pressure on stocks. Five of the S&P 500 sectors declined, led by a 1.8% drop in Technology, with major stocks like Tesla, Apple, and Alphabet seeing significant losses.

Tech View
Bears remained at the helm as the Nifty continued to breach crucial levels, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the index slipped below its previous swing low on the daily chart, indicating increasing bearishness.

“However, it held the 23,000 mark, which remains a key level to watch. If the Nifty sustains above 23,000 over the next few days, it could signal a potential recovery. Conversely, a decisive fall below this level might trigger a deeper correction," De added.

Most active stocks in terms of turnover
HDFC Bank (Rs 1,770.91 crore), TCS (Rs 1,719.24 crore), Reliance Industries (Rs 1,704.23 crore), Zomato (Rs 1,600.63 crore), Aegis Logistics (Rs 1,417.53 crore), ICICI Bank (Rs 1,192.21 crore) and Infosys (Rs 1,141.02 crore) were among the most active stocks on NSE 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: 59.76 crore), YES Bank (Traded shares: 11.90 crore), Suzlon Energy (Traded shares: 9.20 crore), Zomato (Traded shares: 6.90 crore), IREDA (Traded shares: 4.38 crore), Tata Steel (Traded shares: 3.89 crore) and JP Power (Traded shares: 3.83 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest
Shares of Piramal Pharma, Crisil, AstraZeneca, Happiest Minds, PTC Industries, Aditya Birla Capital and Biocon were among the stocks that witnessed strong buying interest from market participants.

52 Week high
Over 120 stocks hit their 52 week highs today while 508 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included HCL Technologies and Krishna Institute of Medical Sciences.

Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Just Dial, Phillips Carbon, Adani Wilmar, Amber Enterprises, Macrotech Developers, RVNL and KFIN Technologies.

Sentiment meter favours bears
The market sentiments were bearish. Out of the 4,248 stocks that traded on the BSE on Monday, 3,621 stocks witnessed declines, 508 saw advances, while 119 stocks remained unchanged.

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