Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today despite Trump's tariffs on India
The Nifty 50 ultimately settled with a cut of 86.70 points, or 0.35%, at 24,768.35. Sectoral breadth was broadly negative, with all major indices ending in the red barring the Nifty FMCG index, which bucked the trend and gained 1.3%. The outperformance in FMCG names was driven by defensive buying amid heightened volatility and upbeat commentary from sector heavyweight Hindustan Unilever.
US President Donald Trump signed a sweeping executive order on Thursday, imposing reciprocal 25% tariffs on Indian imports. The order became effective today as the Indian and US governments failed to reach a consensus on the India-US trade deal. Interestingly, India's neighbour, Pakistan, has signed a trade deal with the US, and the US government has imposed a 19% trade tariff on the Islamic state.
Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market sentiment is cautious as the Nifty 50 index is facing a hurdle at 24,900. As Trump's tariffs on India have become effective today, the market is expected to react, and hence, 24,500 support and 24,950 resistance for the key benchmark index would be crucial.
Speaking on the outlook of the Nifty 50 today, Sumeet Bagadia said, "The Indian stock market sentiment is cautious as the Nifty 50 index is facing a hurdle at 24,900. After Trump's tariffs on India were imposed, the market is expected to remain cautious. If the Nifty 50 sustains above its 24,500, we can expect some relief; otherwise, there can be panic selling if the key benchmark index slips below 24,500. Similarly, the key benchmark index is facing a hurdle at 24,950, and the index may see selling pressure around these levels."
1] Alkyl Amines Chemicals: Buy at ₹ 2348, Target ₹ 2515, Stop Loss ₹ 2265;
2] IXIGO: Buy at ₹ 233.78, Target ₹ 254, Stop Loss ₹ 223;
3] Vimta Labs: Buy at ₹ 693.45, Target ₹ 742, Stop Loss ₹ 669;
4] Belrise Industries: Buy at ₹ 138.13, Target ₹ 148, Stop Loss ₹ 133; and
5] Max India: Buy at ₹ 217.93, Target ₹ 234, Stop Loss ₹ 210.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not 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
&w=3840&q=100)
First Post
27 minutes ago
- First Post
How Trump's erratic behaviour strained most defining partnership of 21st century
US President Donald Trump announced on July 30, 2025, that a 25 per cent tariff on Indian goods—along with additional penalties over India's continued engagement with Russia—would take effect from August 1, 2025. In a striking contradiction, he simultaneously claimed to have concluded a trade and energy deal with Pakistan—India's traditional adversary. While India has no objection to such bilateral engagements between sovereign nations, Trump went a step further by stating, 'Who knows, maybe they'll be selling oil to India some day!' This wasn't merely an offhand comment—it was a calculated provocation. STORY CONTINUES BELOW THIS AD India and Pakistan are archrivals, and the idea of such dependence is not only unrealistic but also strategically unacceptable. By making such statements, Trump is not merely playing geopolitical games—he is striking at the heart of India's national security sensitivities and damaging a relationship that both countries have spent decades nurturing into a consequential partnership for the 21st century. Trump has consistently hyphenated India–Pakistan relations, weakening India's position on cross-border terrorism by boosting Pakistan's strategic confidence through repeated endorsements and by portraying both countries as equals. These actions have granted Pakistan undue strategic legitimacy, disregarding decades of US policy that sought to engage India as an independent and trusted strategic partner. His claim—repeated over 29 times—that he personally brokered a ceasefire between India and Pakistan has been unequivocally denied by top Indian officials, including Prime Minister Narendra Modi, Foreign Secretary Vikram Misri, External Affairs Minister S Jaishankar, and Defence Minister Rajnath Singh. By drawing false parallels and exaggerating his role, Trump has jeopardised India's core interests and eroded the trust carefully built by successive US administrations. A Diplomatic Liability Recently, India's Parliament witnessed a heated debate in which opposition leaders urged Prime Minister Modi to directly refute Donald Trump's repeated claims that he brokered the recent India–Pakistan ceasefire. But such directness is unlikely to yield results. Trump is not a leader who responds to logic or diplomacy. His erratic, impulsive, and reactive personality makes engagement unpredictable. Even if the Indian prime minister corrects him publicly, Trump may repeat the same claim in the evening—and again the next day. The problem lies in Washington, not New Delhi. This isn't a unique pattern. Trump turned against Elon Musk—a long-time supporter—after a minor disagreement, telling him to 'go back to South Africa' and threatening to revoke federal subsidies supporting Tesla and SpaceX. Notably, Musk was the largest individual donor to Trump's 2024 campaign, contributing between $250 million and $290 million to pro-Trump political action committees. STORY CONTINUES BELOW THIS AD Despite this staggering support, Trump turned on him without hesitation—highlighting his transactional nature and readiness to discard even his most generous allies over personal slights. Similarly, Indian-American politician Vivek Ramaswamy had the foresight to distance himself from Trump early on—an act of pragmatism that likely spared him from similar treatment. Trump is not a conventional statesman. He governs through impulse-driven outbursts on Truth Social, his personal platform, bypassing standard diplomatic channels and norms. One cannot expect rational behaviour or consistency from someone so clearly erratic. Even when India's prime minister and foreign minister have privately countered his claims, Trump has continued repeating the same falsehoods, showing a complete disregard for diplomatic engagement. Undermining India's Core Sensitivities By equating India and Pakistan, Trump has granted Pakistan undeserved strategic legitimacy and confidence, despite its entrenched history of sponsoring terrorism against India. Recently, Pakistan's army chief, General Asim Munir, was hosted by Trump at a private luncheon at the White House—an extraordinary and rare gesture, especially considering that only a handful of Pakistani generals have ever received such treatment. Trump went on to lavish praise on Munir, calling him 'extremely influential in stopping the conflict from the Pakistan side' and crediting both Munir and Modi for preventing what he claimed could have escalated into a nuclear war. Adding to this, Centcom Commander General Michael Kurilla described Pakistan as 'a phenomenal partner in the counter-terrorism world,' blatantly ignoring its well-documented role in nurturing and exporting terrorist proxies. STORY CONTINUES BELOW THIS AD This repeated validation—through White House meetings, public praise, and exaggerated claims of Pakistan's counter-terrorism role—undermines India's diplomatic efforts to isolate state-sponsored terrorism. Praising a country that has itself sponsored terrorism against India is not only absurd but also adds insult to injury. Instead of backing India's fight, Trump's gestures have offered moral and strategic encouragement to Pakistan's military and political leadership—eroding the very trust that should define India–US strategic ties. Deliberate Provocation and Strategic Damage Trump's recent suggestion that India might import oil from Pakistan is not only absurd—it appears to be a deliberate attempt to provoke and humiliate. While this may be part of a broader negotiation tactic aimed at pushing India into a trade deal, the damage inflicted on bilateral relations is severe. Trump has thrown the India–US relationship into a Cold War–like deep freeze, eroding trust and mutual respect that had taken decades to build. This shift is not the result of India's foreign policy. The problem lies squarely with Trump. Unlike his predecessors—who operated with a sense of dignity, stability, and strategic foresight—Trump has pursued a chaotic, transactional approach that alienates allies and undermines shared interests. In one of his recent statements, Trump said: STORY CONTINUES BELOW THIS AD 'I don't care if India is buying oil from Russia. I couldn't care less. Let them do whatever they want. They can take their dead economies down together for all I care.' Such a statement is not only undiplomatic—it reflects a complete disregard for the economic realities of global partnerships and disrespects a key strategic partner in the Indo-Pacific. Instead of reinforcing mutual interests, Trump has repeatedly chosen to antagonise, offend, and weaken the very relationship considered vital for regional balance and global stability and widely regarded as the defining partnership of the twenty-first century. Moreover, Trump's ignorance of India's crucial moderating role in Brics reveals his blindness to structural realities. India's presence in Brics has ensured the group remains a non-Western coalition rather than an anti-Western alliance. Without India, BRICS could have adopted an anti-dollar currency or an explicitly adversarial posture. But explaining such nuance to an impulsive and transactional US leadership seems futile. Trump is unable—or unwilling—to grasp the strategic logic of true partnerships. STORY CONTINUES BELOW THIS AD Rebuilding Trust: A Long Road Ahead The trust deficit between India and the US has widened significantly. Even those in India who once firmly believed in the potential of the bilateral relationship now feel disillusioned. But India has weathered such storms before. After the 1998 nuclear tests, the United States imposed sanctions on India. Back in 1971, it had deployed the Seventh Fleet to the Bay of Bengal in an attempt to intimidate India during the Bangladesh Liberation War. India didn't bow down then—and it won't now. India will adapt and find its path, just as it has done in the past. As India's leadership has repeatedly stated, every step will be taken to secure national interest. However, the damage inflicted by Trump's erratic and impulsive leadership means that restoring faith in the relationship will take years, if not decades. Moving forward, we can expect a greater degree of scepticism and a likely recalibration of India's foreign policy posture—possibly including greater resistance to US alignment. STORY CONTINUES BELOW THIS AD Trump's presidency has sown the seeds of growing anti-American sentiment in Indian strategic circles. His words and actions—especially repeated endorsements of Pakistan and disregard for India's strategic concerns—have not just weakened the India–US partnership; they have dented the very idea of trust in global diplomacy. As The Economic Times recently noted, doubts over US reliability are once again taking root in Indian foreign policy circles, and that's a serious blow to what was once considered the defining partnership of the twenty-first century. Imran Khurshid is a visiting research fellow at the International Centre for Peace Studies, New Delhi. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect Firstpost's views.
Mint
27 minutes ago
- Mint
PCB pulls out of World Championship of Legends, cites political bias and unfair conduct
Islamabad [Pakistan], August 3 (ANI): The Pakistan Cricket Board (PCB) has officially announced that it will no longer participate in any future editions of the World Championship of Legends (WCL), raising concerns about the tournament's fairness, integrity, and political neutrality, The Nation reported, citing the PCB. "The championship's handling of events appeared to be under invisible pressures," the PCB noted. "The apology issued later seemed motivated by a specific form of nationalism, making it difficult for us to continue our participation," it added. The decision was taken during a Board of Governors meeting, chaired by PCB Chairman Mohsin Naqvi. According to the Nation, the board pointed to "double standards and politically motivated actions." One of the most contentious issues raised by the board was the decision to award points to a team that had voluntarily forfeited a match, a move the PCB claimed as "highly questionable" and against the spirit of fair competition. The board further criticised the press release put out by WCL organisers after the India-Pakistan match was called off. It termed the communication "politically charged and prejudiced." The PCB said it would not take part in any event where the values of neutrality and fair play are undermined. The board made it clear that it will not be associated with tournaments that allow external agendas to dictate the course of the game. Earlier, the EaseMyTrip Co-founder Nishant Pitti has clarified that it will not be associated with any India-Pakistan match in the World Championship of Legends (WCL). The company clarified its stance, stating that despite entering into a 5-year sponsorship agreement with WCL two years ago, it will not associate with or participate in any match involving Pakistan. Nishant Pitti, co-founder of EaseMyTrip, took to his X account to express support for the Indian team, while explaining the company's position. "India vs Pakistan - WCL Semi-Final. We applaud Team India @India_Champions for their outstanding performance in the World Championship of Legends. You've made the nation proud. However, the upcoming semi-final against Pakistan is not just another game. Terror and cricket cannot go hand in hand," Pitti said in his post. He further added, "@EaseMyTrip, we stand with India. We cannot support any event that attempts to normalise relations with a country that promotes terrorism. The people of India have spoken and we hear them. EaseMyTrip will not be associated with the India vs Pakistan match in WCL. Some things are bigger than sport. Nation first, business later. Always. Jai Hind." (ANI)
Hindustan Times
27 minutes ago
- Hindustan Times
APSC Recruitment 2025: Applications open for 18 posts of Junior Engineer, check eligibility, pay scale and more
The Assam Public Service Commission, APSC, is accepting applications for the recruitment of Junior Engineer under Soil Conservation Department. Eligible candidates who are interested for applying for the post can submit their applications on the official website APSC Recruitment 2025: Apply open for 18 posts of Junior Engineer. The last date to apply is August 15, 2025. The last date to apply for Junior Engineer recruitment is August 15, 2025, and the last date for payment of application fee is August 17, 2025. Notably, through this recruitment drive, the APSC will fill 18 posts of Junior Engineer. Also read: NEET-PG exam conducted across 301 cities; over 2,42,000 candidates appear Scale of Pay The scale of pay is categorised into Pay scale + Grade Pay + Other allowances as admissible to the Assam State Government employees. Pay scale: ₹ 14,000/- to Rs. 70,000/- Grade pay: Rs. 8,700/- Pay band: Pay band 2 Also read: NEET PG 2025 over, NBEMS warns candidates against sharing exam content; check details here Eligibility: Candidates must meet the following requirements to apply for the recruitment process: The candidate must be an Indian citizen and a permanent resident of Assam. The candidate must possess a 3 (three) year Diploma Course either in Civil Engineering or Agriculture Engineering from a Government recognized Institution. No other diploma holder will be eligible to apply, the official notification states. The Diploma Course must be a regular course, and those obtained through distance mode of Education, by whatever name called, will not be considered. Candidates will be required to upload all necessary documents while applying. Age: Prospective applicants should not be less than 18 years of age and not more than 40 years of age as on January 1, 2025. The upper age limit is relaxable for reserved categories. It is to be noted here that the age limit of the candidates will be calculated on the basis of the Class 10/Class 12 Examination Admit Card/Pass Certificate/Marksheet issued by a recognized Central/State Board/Council where the age or Date of Birth is clearly mentioned. Also read: RRB NTPC UG admit card 2025 expected today, here's what official notification reads Application fee: General category candidates will have to pay a total application fee of ₹297.20, OBC/MOВС category candidates must pay ₹197.20 as application fee, and SC/ST/BPL/PwBD category candidates should pay ₹47.20.
