Indian equities experienced volatile trading amid global bond-market stress and escalating West Asia tensions, with mid-caps bearing the brunt of the pressure. According to reports from The Economic Times, the market saw mixed sectoral performance as auto and IT stocks dragged markets down, while gains in upstream oil & gas on realisation bets amid rising crude, alongside value buying in banking stocks, helped the market recover from its intraday lows. The volatility was attributed to deepening global bond rout, escalating West Asia tensions, and bets that central banks will need to tighten monetary policy, which has gripped investor sentiment in fear.
Despite crude-led pressures, the rupee remained resilient, supported by RBI dollar sales and strong FCNR(B) inflows. As reported by The Economic Times, the currency's stability provided some relief amid the broader market volatility. The mixed sectoral performance reflected selective buying patterns, with upstream oil & gas stocks benefiting from realisation bets amid rising crude prices, while banking stocks saw value buying activity that helped limit the market's decline from intraday lows.
SKF India (Industrial) Ltd. has staged a decisive daily breakout to fresh multi-month highs near ₹3,039, taking out previous peak resistance levels. According to Virat Jagad, Sr Technical Research Analyst at Bonanza, the stock is backed by expanding trading volume and positive moving average alignment, with RSI pushing into bullish momentum territory above 68 signalling sustained buying pressure for upside expansion. The recommendation includes a buying zone of ₹3,039 with stop-loss at ₹2,939 and target of ₹3,239.
Aegis Vopak Terminals has demonstrated strong technical momentum with a 3.46% intraday gain to ₹279.65, showing firm recovery from session lows. The stock opened at ₹269.95, touched an intraday high of ₹282.50, and traded in a ₹16.00 band between ₹266.50 and ₹282.50 with a turnover of ₹1.92 crore. As reported by Virat Jagad from Bonanza, the stock has RSI turning sharply upward from key support levels, confirming renewed bullish momentum and opening space for a continuation rally. The technical analysis suggests a buying zone of ₹286-287 with stop-loss at ₹260 and target of ₹340.
