The domestic stock market closed at its highest level on Friday amid a bullish trend in international markets. This rise in the market was due to buying in the shares of major banks. The Sensex closed above the historic 84,000 mark for the first time. While the Nifty also achieved a new record level. The BSE's 30-share Sensex jumped 1,359.51 points or 1.63 per cent to close at an all-time high of 84,544.31. During trading, at one point it rose 1,509.66 points to a new peak of 84,694.46. The National Stock Exchange (NSE) Nifty closed at a record level of 25,790.95, up 375.15 points or 1.48 per cent. During trading, it also jumped 433.45 points to an all-time high of 25,849.25.

Among the companies included in the Sensex group, Mahindra & Mahindra had the highest jump of five percent. Apart from this, shares of JSW Steel, ICICI Bank, Larsen & Toubro, Bharti Airtel, Nestle, Adani Ports, Hindustan Unilever, HDFC Bank, Tech Mahindra, Maruti, Kotak Mahindra Bank and Tata Steel also closed with gains. However, shares of State Bank of India, IndusInd Bank, Tata Consultancy Services and Bajaj Finance saw a decline.

These stocks are showing growth

Momentum indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on Cochin Shipyard, Mazagon Dock Shipbuilders, IRB Infra Developers, Phoenix Mills, Bajaj Holdings and Sammaan Capital. MACD is known to indicate trend reversal in traded securities or indices. When MACD crosses the signal line, it gives a bullish signal. It indicates that upward movement can be seen in the stock price. Similarly, it also indicates a bearish divergence.

Signs of recession in these stocks

MACD has given a bearish signal in the shares of Usha Martin, Anand Rathi Wealth, Paytm, YES Bank, FACT and LTIMindtree. This means that now the decline has started in these shares.

Buying seen in these shares

Stocks which are witnessing strong buying include Concord Biotech, Asahi India Glass, Max Healthcare, BSE, Shyam Metalics, JSW Energy and Inox Wind. These stocks have crossed their 52-week high. This indicates a bullish trend in these stocks.

Selling pressure in these stocks

Stocks which are witnessing selling pressure include Gujarat Ambuja Exports and Vodafone Idea. These stocks have crossed their 52-week low. This indicates a decline in these stocks.