Two Trades for Today: A large-cap power firm for over 5% rise, a small-cap electrical equipment stock for 7% gain
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Economic Times
3 minutes ago
- Economic Times
ICICI Bank Q1 Results Preview: PAT seen to grow up to 12% YoY. NII could rise by up to 9% amid margin contraction
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Mint
5 minutes ago
- Mint
Closing bell! Enviro Infra to Tata Motors- Prashanth Tapse of Mehta Equities suggests stocks to buy in the short term
Stock market today: The benchmark indices Sensex and Nifty experienced a significant decline on Friday due to foreign fund withdrawals and a lackluster beginning to the quarterly earnings season, which negatively affected investors' mood. Analysts noted that the sentiment surrounding banking stocks is particularly cautious following Axis Bank's recent financial results, which did not meet market expectations. The 30-share Sensex plummeted by 651.11 points or 0.79% to reach 81,608.13 during the trading day. Similarly, the 50-share Nifty 50 fell by 192.8 points or 0.76% to settle at 24,918.65. Prashanth Tapse from Mehta Equities suggests that if the Nifty 50 remains below 25,000, it may swiftly drop to 24,800 or even lower, making risk management crucial in the current circumstances. Tapse recommends these three stocks to buy in the near-term. Here's what he says about the overall market. Nifty 50 has fallen below the important 25,000 mark, showing that the market is turning more negative. This break suggests that the index may move down further, with the next support at 24,800. The failure to stay above 25,000 means sellers are still in control, possibly due to both global and local worries. Technical signals like RSI show weakness. Traders with short positions should keep a strict stop-loss at 25,100. If Nifty 50 stays under 25,000, it could quickly fall to 24,800 or lower, so managing risk is very important in these conditions. Bank Nifty has slipped below its key support of 56,600, making banking stocks more vulnerable. The index could drop further to 56,000 or even 55,500, with 55,000 as a major support if selling continues. Technical indicators show a negative trend, and many private and PSU banks are under pressure. The short-term view is weak, so traders should keep a stop-loss at 57,000 on their shorts. Unless Bank Nifty moves back above 56,600, more declines are possible. It's best to wait for clear signs of recovery before buying aggressively. Prashanth Tapse recommends buying these three stocks in the short term - Enviro Infra, Tata Motors, and Astral. Buy at: ₹ 299 | Stop Loss: ₹ 294 | Target: ₹ 325, ₹ 330 Enviro Infra share price is starting to recover after a recent fall. The stock is close to strong support at ₹ 294, giving a good entry point with low risk. Technical indicators point to a possible move up towards ₹ 325 and ₹ 330. Traders can consider buying at the current price, but must keep a stop-loss at ₹ 294. Rising volumes will add confidence to the bullish view. If the stock closes below ₹ 294, the positive outlook will not hold, so following the stop-loss is important. Buy at: ₹ 684 | Stop Loss: ₹ 650 | Target: ₹ 750 Tata Motors share price looks attractive after falling back to ₹ 684. The stock is holding above key averages and may bounce back to ₹ 750. Technical charts, including RSI, show signs of a possible recovery. Traders should set a stop-loss at ₹ 650 to control risk. If the price goes above ₹ 700 and stays there, it will be a stronger buy signal. Weakness can be used to buy more, but if it falls below ₹ 650, positions should be exited. Buy at: ₹ 1,507 | Stop Loss: ₹ 1,450 | Target: ₹ 1,650, ₹ 1,700 Astral share price is moving sideways near support at ₹ 1,507 and could bounce back from here. The overall trend is still positive, with targets at ₹ 1,650 and ₹ 1,700 if buying picks up. Short-term technical indicators are showing some stability. Buy at current levels with a stop-loss at ₹ 1,450 to protect downside. If the price breaks above ₹ 1,530, it will confirm the bullish view. As long as the stop-loss is respected, the chances for higher levels remain good. 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.
Business Standard
8 minutes ago
- Business Standard
Barometers trade with substantial losses; Europen Mrkt advance
The domestic equity benchmarks traded with significant losses in afternoon trade. The Nifty traded below the 24,950 mark. Bank, private bank and FMCG shares declined, while media and metal shares advanced. At 13:30 IST, the barometer index, the S&P BSE Sensex tanked 576.58 points or 0.70% to 81,686.89. The Nifty 50 index slipped 160.45 points or 0.64% to 24,949.50 In the broader market The S&P BSE Mid-Cap index shed 0.55% and the S&P BSE Small-Cap index declined 0.59%. The market breadth was weak. On the BSE, 1,505 shares rose and 2,417 shares fell. A total of 175 shares were unchanged. Gainers & Losers: Wipro (up 2.23%), Oil & Natural Gas Corporation (up 1.17%), Tata Steel (up 1.12%), HCL Technologies (up 0.89%) and Coal India (up 0.45%) were the major Nifty50 gainers. Axis Bank (down 4.60%), Shriram Finance (down 2.38%), Bharat Electronics (down 1.78%), Grasim Industries (down 1.68%) and HDFC Life Insurance Company (down 1.54%) were the major Nifty50 Losers. Wipro advanced 2.23% after the IT major's consolidated net profit jumped 10.89% to Rs 3,330.4 crore on 0.77% rise in revenue from operations to Rs 22,135 crore in Q1 FY26 over Q1 FY25. Axis Bank fell 4.60% after the bank reported a 3.79% drop in standalone net profit to Rs 5,806.14 crore on 6.91% increase in total income to Rs 38,321.57 crore in Q1 FY26 over Q1 FY25. Stocks in Spotlight: Jio Financial Services shed 0.42%. The companys consolidated net profit rose 3.83% to Rs 325 crore while total income jumped 48.09% to Rs 418 crore in Q1 June 2025 over Q1 June 2024. Nuvoco Vistas Corporation advanced 2.16% after the company posted strong Q1 FY26 results. On a consolidated basis, net profit surged 4,589% year-on-year to Rs 133.16 crore in Q1 FY26. Revenue from operations grew 8.96% YoY to Rs 2,872.70 crore during the quarter. Route Mobile fell 4.09% after the company's consolidated net profit declined 32.23% to Rs 53.21 crore on a 4.77% drop in revenue from operation to Rs 1,050.83 crore in Q1 FY26 over Q1 FY25. Indian Hotels Company (IHCL) rose 0.79%. The companys consolidated net profit rose 19.31% to Rs 296.37 crore on 31.66% surge in revenue from operations to Rs 2,041.08 crore in Q1 FY26 over Q1 FY25. Sterling and Wilson Renewable Energy (SWREL) dropped 4.10%. The company reported a consolidated net profit of Rs 31.97 crore in Q1 FY26, which is nearly eight times the PAT of Rs 4.19 crore posted in Q1 FY25. Revenue increased by 92.5% to Rs 1761.63 crore in the first quarter from Rs 915.06 crore recorded in the same period last year. Sunteck Realty declined 1.50%. The company reported a 46.75% rise in net profit to Rs 33.43 crore, despite a 40.45% decrease in total revenue from operations to Rs 188.32 crore in Q1 FY26 compared to Q1 FY25. Global Markets: European Stocks opens higher on Friday, as investors focussed on corporate earnings for clues on the impact of U.S. tariff policies on businesses. Most Asian shares were trading higher, taking cues from Wall Street's rally overnight. Investors cheered a batch of upbeat US economic reports and corporate earnings that comfortably beat expectations. In Japan, inflation showed some signs of cooling. Core inflation for June eased to 3.3%, down from Mays 29-month high of 3.7%, with rice prices showing signs of moderation. Headline inflation also slipped to 3.3%, from 3.5% the previous month. However, the "core-core" inflation gauge, closely tracked by the Bank of Japan, as it strips out both food and energy, edged up to 3.4%, hinting that underlying price pressures are still in play. Over on Wall Street, the S&P 500 and Nasdaq closed at record highs on Thursday. Strong earnings and resilient consumer spending drove the rally. The Dow Jones rose 0.52%, while the S&P 500 climbed 0.54%, and the Nasdaq jumped 0.74%. Investors also brushed off worries about new US trade tariffs set to kick in from August 1 under President Trump, focusing instead on growth and AI-fueled optimism. Taiwanese chip giant TSMC stole the spotlight with stellar earnings and a bullish outlook on AI-related demand. Its US-listed shares surged 3.4%, igniting gains across the semiconductor and tech sectors. Adding to the momentum, US retail sales rebounded strongly in June after two months of decline. Sales rose 0.6% month-on-month, reversing a 0.9% dip in May, thanks to increased auto purchases and a still-healthy consumer.
