
Stocks to buy under ₹100: Experts recommend six shares to buy today
Stocks to buy under ₹ 100: Despite a tepid start on Friday, the Indian stock market closed with smart gains, helped by the Reserve Bank of India's policy actions, which included not just a higher-than-expected rate cut of 50 basis points (bps) but also a cash reserve ratio cut of 100 bps.
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.
Sectorally, rate-sensitive indices led the charge with Nifty Realty gaining 4.68%, Nifty Auto 1.52% and Nifty Bank 1.47%. Barring Nifty Media, all sectors closed in the green. The broader markets also rejoiced, with Nifty Midcap 100 advancing 1.21% and Nifty Smallcap 100 index gaining 0.81%.
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 sentiment following higher than 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 first phase of the proposed deal."
However, he cautioned that global headwinds, including unexpected shifts in US tariffs and ongoing geopolitical tensions, may induce volatility.
Meanwhile, commenting on the Nifty 50 outlook today, Ajit Mishra – SVP, Research, Religare Broking, said: The Nifty has 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 corrective phase.
As for Bank Nifty, Ajit Mishra said that the banking index has finally 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. In case of a dip, the 55,350–56,000 range is likely to provide strong support," he added.
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 these six intraday stocks under ₹ 100: IDFC First Bank, HFCL, Confidence Petroleum, Dhani Services, GMR Airport, and NHPC.
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
3) Confidence Petroleum: Buy at ₹ 59.40, target price at ₹ 62.50 - 66.80, stop loss at ₹ 58
4) Dhani Services: Buy at ₹ 61, target price at ₹ 66, stop loss at ₹ 58
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 above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Hans India
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Gold: The Eternal Safe Haven and Cultural Cornerstone Gold holds a unique and revered position in the Indian psyche, extending far beyond mere investment to encompass deep cultural and traditional significance. It is an indispensable part of weddings and festivals, and a crucial generational asset. This deep-rooted domestic demand and its global status as a safe-haven asset firmly establish gold as one of India's most actively traded commodities. Market Dynamics and Price Influencers: Cultural and Festival Demand: Indian festivals and wedding seasons consistently drive significant gold demand, notably influencing local prices. Global Economic Conditions: During economic uncertainty, geopolitical tensions, or inflationary pressures, investors flock to gold as a store of value, pushing prices higher. Conversely, a strong global economy and rising interest rates (making fixed-income assets more appealing) can exert downward pressure. During economic uncertainty, geopolitical tensions, or inflationary pressures, investors flock to gold as a store of value, pushing prices higher. Conversely, a strong global economy and rising interest rates (making fixed-income assets more appealing) can exert downward pressure. Central Bank Monetary Policies: Interest rate decisions by major central banks (such as the US Federal Reserve) significantly impact gold prices. Higher interest rates increase the opportunity cost of holding non-yielding assets like gold. US Dollar Strength: Gold is predominantly priced in US dollars. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand and vice versa. Inflation Expectations: Gold is widely regarded as a hedge against inflation. When inflation rises, a currency's purchasing power declines, prompting investors to seek refuge in assets like gold, which tend to retain their value. Gold is widely regarded as a hedge against inflation. When inflation rises, a currency's purchasing power declines, prompting investors to seek refuge in assets like gold, which tend to retain their value. Supply and Demand Fundamentals: Global mining output, recycling activities, and demand from jewelry manufacturers and industrial applications all influence price discovery. Global mining output, recycling activities, and demand from jewelry manufacturers and industrial applications all influence price discovery. Appeal for Traders: Gold's consistent liquidity, sensitivity to global macroeconomic factors, and traditional safe-haven appeal make it a popular choice for short-term speculative trading and long-term hedging against economic instability. 2. Crude Oil: The Global Economy's Energy Powerhouse Crude oil, often dubbed "black gold," is the lifeblood of the global economy. As a primary energy source for transportation, industrial production, and electricity generation, its price fluctuations have far-reaching implications. As a major oil importer, India is particularly sensitive to global crude oil price movements, making it an extremely active commodity for trading. Market Dynamics and Price Influencers: Global Supply and Demand Balance: The fundamental principle of supply and demand dictates crude oil prices. Economic growth fuels demand, while production levels from major oil-producing nations (OPEC+, US shale producers, Russia) directly influence supply. The fundamental principle of supply and demand dictates crude oil prices. Economic growth fuels demand, while production levels from major oil-producing nations (OPEC+, US shale producers, Russia) directly influence supply. Geopolitical Tensions: Conflicts and instability in key oil-producing regions (e.g., the Middle East) can disrupt supply chains and trigger significant price spikes. Conflicts and instability in key oil-producing regions (e.g., the Middle East) can disrupt supply chains and trigger significant price spikes. OPEC Decisions: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) play a pivotal role in managing global oil supply through production quotas, directly impacting prices. The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) play a pivotal role in managing global oil supply through production quotas, directly impacting prices. Key Economic Indicators: Industrial production data, manufacturing output, and global GDP growth forecasts all impact the outlook for crude oil demand. Industrial production data, manufacturing output, and global GDP growth forecasts all impact the outlook for crude oil demand. Currency Exchange Rates: The INR to USD exchange rate is a crucial factor for India. A weaker rupee makes imported oil more expensive in terms of local currency. The INR to USD exchange rate is a crucial factor for India. A weaker rupee makes imported oil more expensive in terms of local currency. Technological Advancements: Developments in extraction methods (like fracking) can increase supply, while advancements in renewable energy sources can influence long-term demand trends. Trading Avenues in India: Appeal for Traders: Crude oil's high volatility and sensitivity to a wide array of global events provide ample opportunities for speculative traders. Its direct impact on inflation and economic growth makes it a crucial commodity for macro-focused traders. 3. Silver: The Dynamic Industrial Precious Metal While often in the shadow of gold, silver firmly holds its own as both a precious metal and an industrial commodity. Its dual nature makes its price dynamics fascinating and frequently more volatile than gold. In India, silver is extensively used in jewelry, silverware, and various industrial applications, making it a prominent commodity in the trading landscape. Market Dynamics and Price Influencers: Industrial Demand: A substantial portion of silver's demand originates from industrial applications, including electronics, solar panels, the automotive industry, and medical devices. This makes its price highly sensitive to global industrial growth and technological advancements. A substantial portion of silver's demand originates from industrial applications, including electronics, solar panels, the automotive industry, and medical devices. This makes its price highly sensitive to global industrial growth and technological advancements. Investment Demand: Like gold, silver also functions as a safe-haven asset, attracting investment during economic uncertainty and inflationary pressures. Like gold, silver also functions as a safe-haven asset, attracting investment during economic uncertainty and inflationary pressures. Correlation with Gold Prices: Silver often moves in tandem with gold, though typically with higher volatility due to its smaller market size and significant industrial demand component. Silver often moves in tandem with gold, though typically with higher volatility due to its smaller market size and significant industrial demand component. Mining Output: Most silver is produced as a byproduct of mining other metals (such as lead, zinc, copper, and gold), making its supply somewhat inelastic to direct silver price changes. Most silver is produced as a byproduct of mining other metals (such as lead, zinc, copper, and gold), making its supply somewhat inelastic to direct silver price changes. Currency Fluctuations: Similar to gold, a stronger US dollar can make silver more expensive for international buyers, potentially impacting demand. Similar to gold, a stronger US dollar can make silver more expensive for international buyers, potentially impacting demand. Appeal for Traders: Silver's compelling combination of industrial utility and precious metal status makes it an attractive asset. Its higher volatility than gold can lead to larger profit opportunities, albeit with increased risk. 4. Natural Gas: The Evolving Transition Fuel Natural gas is an increasingly vital global energy source for electricity generation, industrial processes, and residential heating. Its clean-burning properties position it as a key transition fuel in the worldwide shift towards renewable energy. In India, growing domestic consumption and increasing industrial reliance on natural gas contribute significantly to its active trading on commodity exchanges. Market Dynamics and Price Influencers: Seasonal Demand: Natural gas prices are highly influenced by seasonal weather patterns, with demand typically peaking during colder winter months (for heating) and hotter summer months (for air conditioning, impacting electricity generation). Natural gas prices are highly influenced by seasonal weather patterns, with demand typically peaking during colder winter months (for heating) and hotter summer months (for air conditioning, impacting electricity generation). Supply Levels: Production levels from major gas-producing regions (e.g., US, Russia, Qatar), storage levels, and infrastructure developments (pipelines, LNG terminals) significantly impact supply. Production levels from major gas-producing regions (e.g., US, Russia, Qatar), storage levels, and infrastructure developments (pipelines, LNG terminals) significantly impact supply. Geopolitical Events: Disruptions to pipeline flows or political tensions involving major gas suppliers can cause significant price volatility. Disruptions to pipeline flows or political tensions involving major gas suppliers can cause significant price volatility. Inventory Reports: Weekly inventory reports from major consumer nations (like the US) provide crucial insights into supply-demand balances and often trigger short-term price movements. Weekly inventory reports from major consumer nations (like the US) provide crucial insights into supply-demand balances and often trigger short-term price movements. Competition from Other Fuels: The price of natural gas can be influenced by the competitiveness of other energy sources, such as coal and crude oil. The price of natural gas can be influenced by the competitiveness of other energy sources, such as coal and crude oil. Appeal for Traders: Natural gas offers substantial price volatility, particularly due to seasonal demand and geopolitical factors. This creates frequent trading opportunities for those who can accurately assess market sentiment and supply-demand dynamics. 5. 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