Market wrap: Eternal, Apollo Hospital, Shriram Finance, Adani Enterprises among top gainers and losers on Nifty and Sensex on Friday

The Nifty 50 fell 88 points, or 0.39%, to close at 22,600, while the BSE Sensex declined 125.56 points, or 0.17%, to settle at 73,123.83.

Broader markets came under sharper pressure, with the Nifty Smallcap 100 and Nifty Midcap 100 declining by up to 3%.

Among sectors, the Nifty Metal and Nifty Consumer Durables indices fell around 3% each, while the Nifty PSU Bank and Nifty Realty indices declined by more than 2% each.

Market breadth remained firmly negative, with 3,011 stocks declining against 624 advances on the NSE, while 89 stocks remained unchanged.

Here are today’s top gainers on the Nifty

Nifty has broken below its 200-WMA on the weekly chart and 20-DMA on the daily chart, weakening the overall market structure. The lower-high formation remains intact, indicating that the recent up move was merely a pullback or relief rally.

A hidden bearish divergence on the RSI further signals the possibility of downtrend continuation, according to Vatsal Bhuva, Technical Analyst at LKP Securities.

"The 22,200 level remains a crucial support; a decisive breakdown could trigger another leg of selling. Immediate support is placed at 22500, while resistance lies at 22,700–22,800. Traders should remain cautious, trade strictly around key levels, keep positions light, and monitor Brent crude, as a rise above $110 could further dampen market sentiment," said Bhuva.

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