The Indian stock market closed in the green on Friday, although Sensex and Nifty erased most of the intraday gains to close near intraday lows after the closing auction session (CAS). Sensex gained 363 points to close at 76,515 while Nifty 50 rose over 24 points to end the session below 23,898 on Friday.

Broader markets closed mixed, with Nifty Midcap 100 slipping into the red, while Nifty Smallcap 100 closed in the green. Here's how analysts read the market pulseIndian equities witnessed a relief rally as concerns over an imminent US Fed rate hike eased, said Vinod Nair, Head of Research at Geojit Financial Services.

He, however, noted that the gains remained capped due to profit booking at higher levels and persistent geopolitical tensions in the Middle East. Investor focus remains on the US employment data due later today, while next week's US CPI print will be crucial in assessing the interest rate outlook, the analyst said.

“Consensus expectations of a marginal decline in core inflation for August could strengthen expectations of a pause in Fed rate hikes and help contain bond yield volatility. On the domestic front, stock and sector-specific buying remained evident across the broader market, with small-cap indices touching fresh intraday lifetime highs.

Strong earnings momentum, resilient economic growth, and robust domestic demand continue to underpin investor confidence in the broader market,” he added. US stocksWall Street ended lower on Friday as stronger-than-expected August jobs data boosted bets that the US Federal Reserve could raise interest rates this month.

29%, while the three indexes were broadly flat for the week. 1%.

7% after naming a new CEO. Investors now await next week’s CPI and PPI data for further clues on the Fed’s policy path.

8% weekly decline, pressured by Middle East tensions, higher crude prices, inflation concerns and expectations of prolonged central bank tightening. 88.

Strong US payrolls data also lifted expectations of a September Fed rate hike, while investors await US inflation data next week. 1%.

“The short-term trend is likely to remain weak as the index continues to trade below the 50-EMA on the hourly chart. A sell-on-rise sentiment may continue to prevail as long as the index remains below the 24,000–24,200 zone.

On the lower end, support is placed at 23,830 and 23,700,” the analyst added. Most active stocks in terms of turnoverSwiggy (Rs 5,089 crore), IFCI (Rs 4,197 crore), BSE (Rs 2,739 crore), RIL (Rs 1,727 crore), Tejas Networks (Rs 1,590 crore), New India Assurance (Rs 1,493 crore), and Polycab India (Rs 1,302 crore) were among the most active stocks on NSE in value terms.