This Action Gave a Major Leg Up to the Stock Market Bulls, Driving The BSE Sensex Higher by 746.95 points, or 0.92%, to settle at 82,188.99. Meanwhile, the 50-share nse nifty closed Above the 25,000-level as it Climbed 252.15 points, or 1.02%, to 25,003.05.
Sectorly, rate-sensitive indices LED the charge with nifty real Gaining 4.68%, Nifty Auto 1.52%and nifty bank 1.47%. Barring nifty media, all sectors close in the green. The broader markets also rejoiced, with nifty midcap 100 advancing 1.21% and nifty smallcap 100 index gaining 0.81%.
Stock market today
The outlook for the Indian Stock Market Remains Firm Going Ahead, according to analysts.
Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services, “We Expect Indian Markets to Witness a Gradual Up -Move, Supported by positive syntiment folling Anticipated Rate Cut by RBI and optimism surrounding a potential us-India Trade Agreement with Officials from Both Sides Meeting in New Delhi This Week to Finalise The Final Phase of the first Phase of the proposed deal. “
However, He Cautioned that Global Headwinds, Including Unexpected Shifts in Us Tariffs and Ongoing Geopolitical Tensions, May Induce Volatily.
Meanwhile, commenting on the nifty 50 outlook today, Ajit Mishra – SVP, Research, Religare Broking, Said: The Nifty Has Once Once Once Again Approached the upper band of its Prevailing Consolidation Range of 24,500–25,100. A Decisive Breakout Above 25,200 would mark the beginning of a fresh uptrend, with potential to gradually move toward the 25,600–25,800 zone. On the downside, the 24,400–24,600 range is expected to act as a strong support zone during any correative phase.
As for bank nifty, ajit mishra said that the banking index has final broken Above the key 56,000 mark after trading in a tight range for over a month. “We now expect it to move toward the 58,000 level, making this segment crucial for broader market direction.
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 Mehul Kothari, Deputy Vice President – Technical Research at anand rathi recommended buying there 100: IDFC First Bank, HFCL, Confidence Petroleum, Dhani Services, GMR Airport, and NHPC.
Sumeet Bagadia’s Stocks to Buy Today
1) IDFC First Bank: Buy in cash at 71.55, target price at 79, Stop Loss at 68
2) HFCL: Buy in cash at 91.42, target price at 101, Stop Loss at 86.50
Sugandha Sachdeva’s Intraday Stock Pick
3) Confidence Petroleum: Buy at 59.40, target price at 62.50 – 66.80, Stop Loss at 58
Anshul jain’s stock recommendations for today
4) Dhani services: Buy at 61, target price at 66, Stop Loss at 58
Mehul kothari’s top stocks to buy today
5) Gmr airport: Buy Near 86, target price at 90 and stop loss at 84
6) NHPC: Buy Near 89, target price at 93 and stop loss at 87
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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