
Stocks to buy under ₹100: Experts recommend two shares to buy tomorrow — 23 July 2025
Advertisement
All sectoral indices closed in the red, with IT, auto, PSU banks, pharma, media, and realty falling between 0.4% and 2%. Broader markets also witnessed weakness — the Nifty Midcap 100 declined by 0.6%, while the Nifty Smallcap index performed slightly better, slipping 0.3%. Meanwhile, market fear and volatility continued to ease, as reflected in a 3.5% drop in the India VIX to 10.75.
Stock market today
On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Investors now await commentary from Fed Chair Powell later tonight for clues on the US rate trajectory. On the earnings front, key results scheduled for Wednesday include Infosys, SRF, Tata Consumer, Persistent Systems, Oracle, and Coforge. Markets will likely stay range-bound in the near term, focusing on ongoing corporate earnings."
Advertisement
Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of the Nifty 50 index continues to be weak amidst choppy movement. Having been rejected by the hurdle of 25200, the chances of Nifty sliding below 24900 are likely in the coming session. In such an event, the downside target could open around 24500 for the coming weeks, with immediate resistance at 25,200."
Asked about the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, after opening on a positive note, fizzled out resisting near the 57,200 zone and with profit booking seen witnessed a gradual slide to end near the 56,700 zone with bias maintained intact, having the strong support near the 56,000 level, which has been sustained as of now. On the upside, the index would need to breach above the resistance zone of 57,600 level, as we have been mentioning, and thereafter, can expect fresh higher targets of 58,500 and 60,000 levels in the coming days."
Advertisement
Stocks to buy today under
₹ 100
Regarding stocks to buy today, market experts Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher; Anshul Jain, Head of Research at Lakshmishree Investment; and Sugandha Sachdeva, Founder of SS WealthStreet, recommended these three intraday stocks for today under ₹100: ABFRL, Niva Bupa Health Insurance Company, and XXX.
Vaishali Parekh's intraday stock for today under
₹ 100
1] ABFRL: Buy at ₹76, Target ₹80, Stop Loss ₹74.
Anshul Jain's stock to buy under
₹ 100
2] Niva Bupa Health Insurance Company: Buy at ₹88.50, Target ₹96, Stop Loss ₹85.
Advertisement
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
5 minutes ago
- The Hindu
'Market coupling in DAM segment of power exchanges may have little benefit'
The Central Electricity Regulatory Commission's (CERC) proposed implementation of market coupling in Day Ahead Market (DAM) segment of power exchanges from January 2026 may have little benefit for the power sector and is contrary to the findings of the pilot study conducted by Grid Controller of India, according to industry officials and analysts. They said the marginal improvements do not offer a 'compelling rationale' for implementing market coupling on a full scale, particularly in the absence of a detailed 'robustness and sensitivity' analysis. They added that even the January 2026 timeline for implementation would be challenging. 'The results of the shadow pilot conducted by Grid-India released in July 2025 do not indicate any significant benefits from market coupling. This is in line with the earlier CERC order dated 6th February 2024,' said an industry official 'In the DAM segment, overall welfare increased by a negligible 0.3%, and overall volume cleared increased by only 0.2%. Similarly, in the Real-Time Market (RTM) segment, both overall welfare increase and increase in volume cleared saw an insignificant gain of 0.01%,' the official said. Further, the increase of social welfare by ₹38 crore in case of DAM coupling doesn't mean that there will be saving of ₹38 crore, the official said. 'Savings will be miniscule, if at all. The reported increase in social welfare of ₹38 crore in DAM is theoretical, used for algorithmic modelling, and does not imply actual consumer savings,' the official added. 'Introducing central market coupling mechanism risks adding complexity, delaying market operations, and duplicating functions, without resolving core challenges such as market liquidity, deepening of participation, or improving investor confidence,' the official said. According to industry officials while the idea has been presented as 'market coupling', the proposed design more closely resembles 'exchange coupling' with no precedence globally. They pointed out that while Grid-India had submitted a detailed report to CERC, the Commission's order does not adequately reflect the comprehensive findings of that report. For ensuring transparency and stakeholder confidence, the complete Grid-India report should be made publicly available to facilitate informed discussions and independent assessments of the recommendations, they emphasised. According to a report by JM Financial the benefits of market coupling are negligible. 'A shadow pilot study by Grid-India revealed that DAM coupling resulted in an overall welfare gain of just 0.3% in price and 0.2% in volume. The volume of electricity that could not be cleared as % to unconstrained cleared volume was just 0.10% in FY24,' JM Financial analysts said in the report. 'Anticipated benefits (price, volume, transmission) of market coupling are not explicitly evident in the Indian context,' they said. According to them the implementation of power market coupling requires upgrading and integration of software, modification in infrastructure for compatibility, formation of data sharing protocol as well as consensus on financial settlement mechanism. 'We believe the January 2026 target for implementation of coupling is very ambitious, and implementation will not be possible before December 2027,' they said in the report. 'If applied elsewhere, this approach would imply merging competitive platforms like NSE and BSE or even Jio and Airtel — contradicting the principles of open markets. This will effectively kill innovation, service excellence and the incentive to launch new products,' said Ashish Kapur, CEO, Invest Shoppe, a boutique financial firm offering wealth management solutions.

Mint
2 hours ago
- Mint
If India were to stop buying Russian oil, global crude prices could jump to 200 dollars a barrel: Report
Global crude prices could jump to 200 US Dollars a barrel if India were to stop buying Russian Oil thus severely harming consumers worldwide, sources told ANI. Russian oil has never been sanctioned and is still not sanctioned by either the United States or the European Union. Providing context for India's energy security policy, sources explained that Russia, the world's second-largest crude oil producer with about 9.5 million barrels per day output – nearly 10% of global demand – is also the second-largest exporter, shipping roughly 4.5 million barrels per day of crude and 2.3 million barrels per day of refined products. Past fears of Russian oil being squeezed out of global markets had driven Brent crude prices to a high of $137 per barrel in March 2022. "In this challenging environment, India, as the world's third-largest energy consumer with 85% import dependence, strategically adapted its sourcing to secure affordable energy while fully adhering to international norms," sources added. Earlier, United States President Donald Trump on Friday ( EST) claimed that India may cease purchasing Russian oil, calling it "a good step" if confirmed, while India has defended its sovereign right to pursue an energy policy in its own national interest. News agency Reuters reported on July 31st that Indian state-run refiners suspended purchases of Russian oil amid tariff threats from President Trump and narrowing price discounts. However, Indian sources have now rebutted these reports, clarifying that Indian refiners have continued to buy Russian crude based on commercial viability. Sources further told ANI that Russian oil has never been sanctioned, but rather subjected to a G7/EU price-cap mechanism to limit Russian revenues while keeping global supplies flowing. India oil refiners' purchases have remained fully legitimate under international frameworks. "Had Indian oil refiners not absorbed discounted Russian crude, combined with OPEC production cuts of 5.86 million barrels per day, global oil prices could have surged well beyond the March 2022 peak of 137 dollars per barrel, intensifying inflation globally," sources explained. It was also highlighted that Indian oil marketing companies (OMCs) have refrained from buying Iranian or Venezuelan crude, which is actually sanctioned by the US, and have complied with the $60 per barrel price cap recommended for Russian oil by the US. The European Union has recently recommended a lower price cap of $47.6 per barrel for Russian oil, to take effect in September. Commenting on Europe's continued Russian energy imports, sources noted the EU was the largest importer of Russian-origin liquefied natural gas (LNG), buying 51% of Russia's LNG exports, followed by China at 21% and Japan at 18%. For pipeline gas, the EU remained the top buyer with a 37% share, followed by China at 30% and Turkey at 27%. Backing India oil refiners' decision to continue sourcing Russian oil, sources reiterated that India's energy choices are guided by its national interest, while also contributing to global energy stability. "India's pragmatic approach has kept oil flowing, prices stable, and markets balanced, while fully respecting international frameworks," they added.


Scroll.in
2 hours ago
- Scroll.in
World order in flux, Modi's Ghana visit is an important moment for bilateral ties
Ghana has historically been an anchor of Indian enterprise and diplomacy on the African continent. New Delhi and Accra formalised ties in 1957. At the time, their partnership was grounded in shared anti-colonial ideals and a common vision for post-independence development. India offered counsel on building Ghana's institutions, including its external intelligence agency. Meanwhile, Indian teachers, technicians and traders regularly travelled to the west African country in search of opportunity. The July 2025 visit of the Indian prime minister, Narendra Modi, to Ghana – the first by an Indian leader in over three decades – came at a critical moment for the continent. As the global order shifts towards multi-polarity, countries like Ghana are navigating a complex landscape, which includes western donors scaling back commitments. This has opened space to deepen cooperation through pragmatic, interest-driven collaborations with longstanding partners like India. Speaking at the Munich Security Conference, Ghana's President John Mahama captured the spirit of this global realignment, noting that: 'as bridges are burning, new bridges are being formed.' Against this backdrop, Prime Minister Modi's visit offered an opportunity to both revive and recalibrate bilateral ties. The visit carried a strong economic and strategic orientation. Ghana positioned itself as a partner in areas where India holds comparative advantage, such as pharmaceuticals. Over 26% of Africa's generic medicines are sourced from India. The Food and Drugs Authority's (Ghana's regulator of pharmaceutical standards) listing of foreign pharmaceutical manufacturing facilities is dominated by Indian firms. Defence cooperation was also on the agenda. Ghana is looking to India for training, equipment and broader security engagement in response to rising threats from the Sahel and coastal piracy. This emphasis on shared security interests is underscored by Ghana's alignment with India on counter-terrorism. President Mahama for instance has condemned the Pahalgam terrorist attacks that occurred in April 2025. Reviving economic ties Economic ties are at the heart of this renewed engagement between the two countries. Bilateral trade currently stands at around US$3 billion. Both leaders aim to double it to US$6 billion over the next five years. Currently, Ghana enjoys a trade surplus with India. This is mainly due to gold exports, which account for over 70% of its shipments. Cocoa, cashew nuts, and timber are also key exports, while imports from India include pharmaceuticals, machinery, vehicles, and various industrial goods. India has invested more than US$2 billion in Ghana. These investments span private capital, concessional finance and grants across 900 projects. India now ranks among Ghana's top investors. Indian firms and state-backed institutions play a key role in critical infrastructure development. Landmark projects include the 97km standard gauge Tema-Mpakadan Railway Line and the Ghana-India Kofi Annan ICT Centre, a hub for innovation and research. In an earlier study, I documented the perspectives of Indian entrepreneurs in Ghana. The findings underscored the country's appeal as a land of economic opportunity. In interviews, Indian businesses highlighted Ghana's stable political environment. An expanding consumer base, and relatively transparent regulatory framework were also mentioned. Together, these factors continue to attract investor interest. This economic momentum likely paved the way to pursue a closer bilateral relationship, marked by the elevation to a ' Comprehensive Partnership '. While delegates in the July visit addressed issues such as financial inclusion, healthcare and agriculture, the tangible outcomes were limited. Four memoranda of understanding were signed. They cover cooperation on traditional medicine, regulatory standards and cultural exchange. The creation of a joint commission to structure and advance bilateral collaboration across priority sectors was also signed. Moving forward, Ghana offers India an entry point into west Africa's resource landscape. With reserves of gold, bauxite, manganese and lithium, Ghana is well positioned to contribute to India's needs for critical minerals. President Mahama's invitation for investment in mineral extraction and processing aligns with India's National Critical Mineral Mission, New Delhi is looking for supply chains for its energy transition. It creates an opportunity for Indian mining companies to expand into African markets. Pragmatic diplomacy With nearly US$100 billion in trade, cumulative investments of nearly US$75 billion, and a 3.5 million strong diaspora, the broader contours of India's Africa policy is increasingly pragmatic and issue based. New Delhi's evolving relations with Accra reflects this. It comes as Ghana is making sweeping economic reforms domestically, particularly in fiscal management and debt restructuring. This ambitious 'economic reboot' hinges on attracting private sector investment. In this context, the Indian diaspora, already deeply embedded in Ghana's commercial networks, is well positioned to foster stronger economic ties. In his address to Ghana's Parliament, the Indian Prime Minister spoke of development cooperation that is demand driven and focused on building local capacity and creating local opportunities. This approach 'to not just invest, but empower', signals India's growing intent to anchor relationships in mutual agency, rather than dependency.