The nifty 50 rose 0.4% to 25,103.2 to an eight-month high, while the bse sensex gained 0.31% to 82,445.21. The Gains in the Broader Market beat that of the Benchmarks as the Small-Cap Index Added 1.6% and the Mid-Cap Index Jumped 1.1%
Twelve of the 13 Major Sector on the Nse Advanced. Nifty private and nifty psu banks advanced 1.03% and 1.52%, respectively. Nifty Financials Added 0.5%.
Stock market today
The outlook for the Indian stock market remains firm on the back of strong domestic and global cues.
Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services, Said, “Overall, We Expect the Market to Continue Its Gradual Up -Move, on the Back of Strong of Stright Better than expected Q4 Corporate Earnings, RBI’s Liquidity-Boosting Measures, Above Average Monsoon Forecast and the Likely Us-India Trade Deal. “
Meanwhile, commenting on the technical outlook for nifty 50, rupak de, Senior Technical Analyst at Lkp Securities, said, “the nifty has finally broken out of its procedic Timeframe.
A Golden crossover on the daily chart has been supporting the bully. Following the breakout, a risk towards 25,350 looks likely, he said, adding that a decisive movie Above this Level Cold Trigger a RALLY TOWARDS 25,700. “On the downside, support is placed at 24,850; a breach below this Level may lead to a shift in Sentimen,” de Said.
Stocks to buy today
Regarding Stocks to Buy Today, Market Experts Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; Anshul Jain, Head of Research at Lakshmishree Investment and Securities and Mahesh M Ojha, AVP – Research at Henesx Securities Buying these Six Intraday Stocks Under 100: Reliance Power, NMDC, Mic Electronics, Imagicaaworld Entertainment, Asian Granito India and Hindustan Construction Company (HCC).
Sumeet Bagadia’s Stocks to Buy Today
1) Reliance Power: Buy in cash at 64.62, target price at 71.62, Stop Loss at 62.35
2) NMDC: Buy in cash at 74, target price at 79.18 and stop loss at 71.41
Sugandha Sachdeva’s Intraday Stock Picks
3) Mic electronics: Buy at 66, target price at 82-90, Stop Loss at 55
Anshul jain’s stock recommendations for today
4) Imagicaaworld Entertainment: Buy at 73.50, target price at 80, Stop Loss at 70
Mahesh M Ojha’s Top Stock Ideas
5) Asian granito: Buy at 60.25-61.25, target price at 64, followed by 67 and 70; Stop Loss at 58.70
6) HCC: Buy at 35.15-36.15, target price at 38, Followed by 41, 44 and 47
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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