US Markets Diverge Sharply as Dow Jones Surges 800 Points, Stocks Showing Buying Interest

The stock market is expected to remain uncertain with a bearish bias in the short term, as long as the index remains below **23,500**. On the other hand, a decisive move above **23,500** could trigger a rally towards **23,700**.

US Markets Diverge Sharply

The S&P 500 and Nasdaq fell, while the Dow Jones surged over **800 points** on Thursday, driven by a **15%** plunge in Broadcom shares after the chipmaker missed revenue expectations and maintained its long-term AI chip sales target.

The weakness spread across the semiconductor sector, with the Philadelphia Semiconductor Index dropping **4.4%** and major chip stocks such as **AMD**, **Marvell Technology**, **Micron Technology**, and **Qualcomm** posting significant losses.

Key Sector Performance

However, investors rotated into other sectors, with nine of the 11 S&P 500 sectors ending higher. Healthcare led gains, supported by a **5%** rise in **UnitedHealth** after a rating upgrade.

European Markets Trade Higher

The DAX rose **121.40 points**, or **0.49%**, to **24,917.34**.
The FTSE advanced **14.83 points**, or **0.14%**, to **10,347.13**.
The CAC gained **67.29 points**, or **0.83%**, to **8,217.71**.
The STOXX 600 added **2.53 points**, or **0.41%**, to **623.72**.

Most Active Stocks

**HDFC Bank** (Rs 3,209 crore) was among the most active stocks on BSE in value terms.
**RIL** (Rs 3,059 crore) was among the most active stocks on BSE in value terms.
**Tejas Networks** (Rs 2,800 crore) was among the most active stocks on BSE in value terms.
**ICICI Bank** (Rs 2,436 crore) was among the most active stocks on BSE in value terms.
**SBI** (Rs 1,846 crore) was among the most active stocks on BSE in value terms.
**BSE** (Rs 1,713 crore) was among the most active stocks on BSE in value terms.
**IFCI** (Rs 1,642 crore) was among the most active stocks on BSE in value terms.

Most Active Stocks in Volume Terms

**Vodafone Idea** (Traded shares: 86 crore) was among the most actively traded stocks in volume terms on BSE.
**Ola Electric** (Traded shares: 25.16 crore) was among the most actively traded stocks in volume terms on BSE.
**IFCI** (Traded shares: 20.2 crore) was among the most actively traded stocks in volume terms on BSE.
**Suzlon** (Traded shares: 11.9 crore) was among the most actively traded stocks in volume terms on BSE.
**JP Power** (Traded shares: 11.4 crore) was among the most actively traded stocks in volume terms on BSE.
**NHPC** (Traded shares: 10.3 crore) was among the most actively traded stocks in volume terms on BSE.

Stocks Showing Buying Interest

**ZEE** was among the stocks that witnessed strong buying interest from market participants.
**Anant Raj** was among the stocks that witnessed strong buying interest from market participants.
**Zen Technologies** was among the stocks that witnessed strong buying interest from market participants.
**Himadri Speciality** was among the stocks that witnessed strong buying interest from market participants.
**Blue Jet Healthcare** was among the stocks that witnessed strong buying interest from market participants.
**IIFL Finance** was among the stocks that witnessed strong buying interest from market participants.
**Orient Refractories** was among the stocks that witnessed strong buying interest from market participants.

Stocks Seeing Selling Pressure

**Patanjali Foods** was among the stocks that witnessed significant selling pressure.
**Sundaram Finance** was among the stocks that witnessed significant selling pressure.
**SBI Card** was among the stocks that witnessed significant selling pressure.
**Pfizer** was among the stocks that witnessed significant selling pressure.
**Go Digit** was among the stocks that witnessed significant selling pressure.
**Britannia** was among the stocks that witnessed significant selling pressure.
**Blue Dart** was among the stocks that witnessed significant selling pressure.

Key Takeaways

The stock market is expected to remain uncertain with a bearish bias in the short term.
A decisive move above **23,500** could trigger a rally towards **23,700**.
The US markets diverged sharply on Thursday, with the S&P 500 and Nasdaq falling, while the Dow Jones surged over **800 points**.

FAQs

What is the current market sentiment?

The current market sentiment is uncertain with a bearish bias in the short term.

What is the impact of the US market divergence on the Indian market?

The US market divergence may have a negative impact on the Indian market, but it is too early to say for sure.

What are the key sectors to watch in the coming days?

The key sectors to watch in the coming days are healthcare, technology, and finance.

Conclusion

The stock market is expected to remain uncertain with a bearish bias in the short term. A decisive move above **23,500** could trigger a rally towards **23,700**. Investors should keep a close eye on the market and be prepared for any unexpected movements.