Indices: Stock market update: Nifty Bank index advances 0.12%
Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
The Nifty Bank index closed 0.12 per cent up at 55420.7.
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NEW DELHI: The Nifty Bank index closed on a positive note on Monday.Shares of Punjab National Bank(up 2.03 per cent), Federal Bank Ltd.(up 1.45 per cent), Bank of Baroda(up 1.3 per cent), IndusInd Bank Ltd.(up 0.5 per cent) and State Bank of India(up 0.37 per cent) ended the day as top gainers in the pack.On the other hand, IDFC First Bank Ltd.(down 0.87 per cent), Axis Bank Ltd.(down 0.5 per cent) and ICICI Bank Ltd.(down 0.35 per cent) finished as the top losers of the day.The Nifty Bank index closed 0.12 per cent up at 55420.7.Benchmark NSE Nifty50 index ended down 74.35 points at 24945.45, while the BSE Sensex stood down 271.17 points at 82059.42.Among the 50 stocks in the Nifty index, 19 ended in the green, while 31 closed in the red.Shares of Vodafone Idea, YES Bank, IRFC, Suzlon Energy and Reliance Power were among the most traded shares on the NSE.Shares of Peria Karamalai Tea, Suven Life Sci, Stampede Cap(DVR), Maharashtra Scooter and Kanpur Plastip hit their fresh 52-week highs in today's trade, while Protean eGov Techno, SKIL Infrastructure, Techindia Nirman, Varanium Cloud and Future Consumer hit their fresh 52-week lows.
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Mint
37 minutes ago
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Buy or sell: Vaishali Parekh recommends three intraday stocks for today amid escalating Israel-Iran conflict
Buy or sell stocks: Following weak global cues amid the rising Israel-Iran conflict, the Indian stock market witnessed sharp selling pressure on Thursday. The Nifty 50 index crashed 253 points and closed at 24,888, the BSE Sensex nosedived 823 points and ended at 81,691, while the Bank Nifty index finished 377 points lower at 56,082. A sharp fall in US market futures and escalating tensions in West Asia weighed down investor sentiment. Trading volumes on the NSE cash market were down by 7% compared to Wednesday. Apollo Hospital, Asian Paints, and Bajaj Finserv were among the major gainers on the Nifty, showing some resilience. Conversely, Tata Motors, Trent, and Titan faced significant selling pressure and ended as major losers. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has weakened as the Nifty 50 index decisively slipped below the 25,000 mark. The Prabhudas Lilladher expert said the key benchmark index may try to touch the 24,500 mark if the selling pressure continues. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after witnessing tough resistance near the 25,200 zone, finally tanked below the 25,000 level with heavy profit booking post the lunch session dragged the index to the 24,850 zone with bias and sentiment turned little bit weak. The index has got the next major support positioned near the 24,500 zones, and from here on, for the bias to improve, it would once again need a decent revival and a decisive breach above the 25,200 level to anticipate a further rise in the coming days." "The Bank Nifty index once again continued with the erosion from the peak made near the 57000 zone and has slipped towards the 56000 level, where the crucial support zone is positioned, which needs to be sustained to maintain the overall trend intact. After the recent breakout witnessed, the index has fizzled out in the last four sessions and, with the sentiment turning cautious once again, can keep a check for the crucial zone near the 56000 level. If a revival is confirmed, we can expect a further rise in the coming days," said Parekh. Parekh said that Nifty's immediate support today is at 24,700, while resistance is at 25,100. The Bank Nifty would have a daily range of 55,500 to 56,700. Regarding buy or sell stocks, Vaishali Parekh recommended these three intraday stocks for today: Sterlite Technologies, BSE, and Sterling and Wilson Renewable Energy. 1] Sterlite Technologies: Buy at ₹ 84, Target ₹ 90, Stop Loss ₹ 80; 2] BSE: Sell at ₹ 2750, Target ₹ 2640, Stop Loss ₹ 2850; and 3] SW Solar / Sterling and Wilson Renewable Energy: Buy at ₹ 328, Target ₹ 370, Stop Loss ₹ 315. 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.
Mint
an hour ago
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Stock market today: Trade setup for Nifty 50 to Israel-Iran conflict; 8 stocks to buy or sell on Friday — 13 June 2025
Stock Market Today: The benchmark Nifty=50 Index lost more than 1% to end at 24,888.20 on an expiry day, when multiple global cues and rising crude prices impacted the markets. The Bank Nifty, at 56,082.56, was down 0.67%, and most sectors, led by realty, auto, ended in the red. The broader indices also saw an early 2% correction. Immediate support for the Nifty is now seen at 24,750, followed by 24,500. On the higher side, the previous support band of 25,000-25,050 could now interchange its role as a resistance band, indicating that any bounce attempts might face selling pressure around these levels, as per Nandish Shah, Deputy Vice President at HDFC Securities. The revised support would move higher to the previous all-time high of 56,100 followed by 55,500 levels, while the pivot resistance is placed at 57,700 levels as per Vikas Jain, Head of Research at Reliance Securities The US dollar index slipped to a seven-week low following softer-than-expected US inflation data that could support the case for a Federal rate cut. Meanwhile, in a positive development on the domestic front, India's retail inflation cooled to 2.82% (vs expected 3%) in May- its lowest level in over six years. Overall, we expect the market to remain in a consolidation mode, tracking global market cues and developments on the US-India trade deal, said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Arvind Fashions Ltd. An Israeli military official has confirmed the attack, saying that it has targeted 'dozens' of sites across Iran, Reuters reported. The Israeli military said it has launched a preemptive strike against Iran's nuclear program. According to a report by Axios, Israel's defence minister declared a state of emergency throughout Israel. Iran had previously vowed to respond to any attack. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks. These Include Subros Ltd, Krishana Phoschem Limited, Vijaya Diagnostic Centre Ltd, Radico Khaitan Ltd, Indian Bank, Vimta Labs Ltd and Asian Granito India Ltd or ASIAN TILES Subros Ltd- Bagadia recommends buying SUBROS at around ₹ 859 keeping Stoploss at ₹ 825 for a target price of ₹ 920. SUBROS showcases a strong bullish momentum, the stock has now broken out of a long consolidation phase and is displaying strong price structure, firmly above all key exponential moving averages. The stock formed a bullish candle with a wide trading range and closed near the higher end, suggesting strong intraday demand. SUBROS had been trading sideways between ₹ 540– ₹ 620 for several months before staging a powerful breakout in late May. 2. Krishana Phoschem Limited - Bagadia recommends buying KRISHANA at around ₹ 490.05 keeping Stoploss at ₹ 470 for a target price of ₹ 525. KRISHANA showcases a strong bullish momentum, evident from a substantial upward movement and a significant closing around ₹ 490.05. The stock has been experiencing robust buying interest, the stock has shown consistent higher highs and higher lows, a classic pattern of a strong uptrend. The stock shows a parabolic uptrend since mid-March 2025. The slope of EMAs is steeply upward, especially the EMA-20 and EMA-50, which are acting as dynamic supports. 3. Vijaya Diagnostic Centre Ltd - Dongre recommends buying Vijaya Diagnostic Centre or VIJAYA at around ₹ 960, keeping Stoploss at ₹ 945 for a target price of ₹ 995. Stock has exhibited a strong, notable, continuous bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 960 and maintaining a strong support at ₹ 945. The technical setup indicates the potential for a price retracement towards the ₹ 995 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 945 offers a prudent approach to capturing the anticipated upside. 4. Radico Khaitan Ltd - Dongre recommends buying Radico Khaitan or RADICO at around Rs 2580, keeping Stoploss at ₹ 2635 for a target price of ₹ 2680. Stock has exhibited a strong, notable, continuous bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2580 and maintaining a strong support at ₹ 2635. The technical setup indicates the potential for a price retracement towards the ₹ 2680 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 2635 offers a prudent approach to capturing the anticipated upside. 5. Indian Bank - Dongre recommends buying Indian Bank at around ₹ 625 keeping Stoploss at ₹ 615 for a target price of ₹ 645. In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 625 and holding above a key support level at ₹ 615. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 615 to manage downside risk. The target for this trade is set at ₹ 645, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Arvind Fashions Ltd - Koothupalakkal recommends buying ARVIND FASHIONS at around ₹ 483 for a target price of ₹ 520, keeping Stop loss at ₹ 474. The stock has indicated a consolidation breakout above the ₹ 476 zone with a bullish candle formation accompanied with huge volume participation visible to improve the bias and expecting for further rise in the coming sessions. The RSI is well placed and has signalled a buy with much upside potential movement anticipated and with the chart technically well positioned. 7. Vimta Labs Ltd- Koothupalakkal recommends buying Vimta Labs Ltd or VIMTA LABS at around ₹ 1003 for Target price of ₹ 1045 keeping Stop loss at ₹ 980. The stock has indicated a decent pullback with positive candle formation on the daily chart moving past the 50EMA level at ₹ 985 zone to improve the bias and with the chart set up looking attractive, can anticipate for further rise. The RSI has been well positioned and signalling a buy has much upside potential visible. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 1045 keeping the stop loss of ₹ 980 level. 8. Asian Granito India Ltd- Koothupalakkal recommends buying Asian Granito India or ASIAN TILES at around ₹ 64.60 for a target price of ₹ 70 keeping Stop loss at ₹ 63. The stock has recently gained strength with series of higher bottom formation visible on the daily chart and with currently has moved past the 200 period MA at ₹ 63 level to strengthen the bias and accompanied by decent volume participation, one can expect for further upward movement in the coming days. The RSI has indicated strength and can carry on with the positive move further ahead. With the chart looking good, we suggest buying the stock for an upside target of ₹ 70 level keeping the stop loss of ₹ 63 level. 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.
Mint
2 hours ago
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Recommended stocks to buy today—by India's leading market experts
The benchmark Nifty 50 opened on a slightly upper note on Thursday, but remained on a declining trend throughout the rest of the trading session. The index hit the day's lowest at 24,825.90 before closing at 24,888.20, a fall of 1.01% or 253.20 points over Wednesday's close. The BSE Sensex also followed the decline, dropping to the day's lowest at 81,523.16 and closing at 81,691.98, slipping 1% or 823.16 points. Thursday's steep market fall came amid rising geopolitical issues in West Asia and renewed tariff threats from US President Donald Trump, which are set to take effect on 9 July. On to the top stock picks for today, as recommended by some of India's leading market experts. Trade Brains Portal's recommendations for 13 June Current price: ₹1,843 Target price: ₹2,160 in 12 months Stop-loss: ₹1,684 Why Kirloskar Brothers is recommended: Incorporated in 1920, KBL is one of India's largest manufacturers and exporters of pumps with expertise in fluid management systems. The company caters to 120 countries across six continents from nine domestic and five international manufacturing plants. KBL has more than 2,500 active customers and a diverse product portfolio that serves a larger range of applications in more than 12 industries and emerging areas, including chemicals, petrochemicals, wastewater management, and renewable energy. In FY25, the company's revenue jumped 12% year-on-year to ₹4,492 crore, driven by strong demand for its diverse range of products and services. It holds a strong market share of 15% on the retail side, 25% in small- and medium-sized pumps, 40% in large pumps, and 66% in centrifugal pumps. The company recorded order inflows of ₹5,182 crore, a growth of 12% y-o-y, from both domestic and international markets, and has pending orders of ₹1,208 crore from overseas markets. It launched 200 new products, specifically energy-efficient products with energy-efficient motors and large submersible products with up to around 10-inch oil-filled submersibles. Going forward, Kirloskar Brothers aims to increase its efficiency by cutting costs, decreasing waste, and improving processes, and anticipates increasing its margin by 20% or more over the next three to four years. Using its own technologies, Colligo and Phoenix, the company is concentrating on growing its services business in the UK, Europe, and Southeast Asia. A maintenance capital expenditure of ₹100 crore is anticipated for machine replacement, modernization, and debottlenecking. The urbanization, building, and construction segments, the electricity and thermal sectors, and the small pumps industry have all seen positive growth of 7% for KBL. Risk factors: The company faces fierce rivalry in the pump manufacturing sector because small- and medium-sized unorganized firms have a greater regional presence, which results in low margins for organized players. KBL is also subject to fluctuations in the price of raw materials because pig iron, gun metal, and steel scrap are used in the manufacturing process, and their prices are naturally fluctuating. Current price: ₹576 Target price: ₹720 in 12 months Stop-loss: ₹504 Why Emami is recommended: One of India's top FMCG firms, Emami was established in 1974 and produces and markets healthcare and personal care goods. Trusted power brands including Navratna, BoroPlus, Smart and Handsome, Zandu Balm, Mentho Plus, and Kesh King are among Emami's more than 550 varied product offerings. Through its network of more than 3,400 distributors, Emami goods can be found in more than 5.4 million retail locations throughout India. The company's global reach includes more than 70 countries. In FY25, the company's revenue increased 6.5% to ₹3,809 crore while Ebitda grew 9.7% to ₹1,093 crore and profit after tax by 9% to ₹803 crore. Despite tepid urban mass demand, Emami demonstrated resilient performance. Its core domestic business delivered robust double-digit growth of 11%, coupled with a healthy volume growth of around 7%, led by key brands such as Navratna, Dermicool, BoroPlus, and the Healthcare range. Emami repositioned Smart and Handsome from a fairness-focused product to a complete male grooming solution during the fourth quarter. It also forayed into the brightening cream category with the launch of 'Emami Pure Glow". Additionally, the company introduced more than 25 new products in its domestic business during FY25. Emami's international business recorded a 6% growth in Q4, demonstrating resilience in the face of geopolitical volatility across Bangladesh, West Asia, and parts of Africa. Strong momentum was witnessed across South Asian Association for Regional Cooperation (Saarc), Southeast Asia, Commonwealth of Independent States (CIS), and African markets. Organized trade channels comprising modern trade, e-commerce, and institutional sales contributed 27.6% of domestic revenues in FY25. Emami remains confident of navigating short-term macro uncertainties through portfolio premiumization, innovation acceleration, enhanced channel productivity, and strategic international expansion. Risk factors: Profitability is subject to fluctuations in raw material prices since Emami uses menthol, packaging materials, and vegetable oil. The price of polymers, which are used to make packaging materials, is linked to the price of crude oil, which is volatile. The main raw materials used in health care and personal care products are til oil, seshale wax, rice bran oil (RBO), LLP (crude derivative), and menthol/mentha oil (which has a calming effect). Very few of the materials are imported; the majority are purchased domestically. Price-sensitive customers may make it difficult for the business to quickly pass on price increases for raw materials. Two stocks to buy as recommended by Raja Venkatraman of NeoTrader for Friday, 13 June Buy CMP and dips to ₹970 | Stop ₹940 | Target ₹1,185-1,250 NELCO Ltd, part of the Tata group, stands as a niche player in India's expanding digital infrastructure landscape, specialising in satellite communication and managed network services. The company's positioning aligns well with India's growing demand for remote and enterprise connectivity, but its Q4 FY25 financial performance has raised some concerns. However, the prices started bottoming out in February this year, and the prices slipped into consolidation and started generating some demand for the last few months. The steady buying at lower levels and the higher highs that formed indicate that the upward traction in the counter can continue. The last few months have been quite volatile as the stock price trends have been facing bearish momentum right from July 2024. The prices hit some major supports around 800 levels, where it began to show some strength and started producing a positive divergence. The divergence was followed by some strong tailwind that has now emerged in the form of a breakout. Now with some fresh momentum infused and also supported by robust volumes not seen in the last few days the future augurs well for the prices. Considering a low-risk scenario, we can consider this counter as a good play from a short-term investment perspective. Strategically, Nelco has made efforts to expand through integrated service offerings, cybersecurity solutions, and managed connectivity, but this quarter's poor financial performance highlights an apparent gap between vision and execution. However, an early entrant into the satellite services and its affiliation with the Tata group, providing both credibility and potential synergies with related entities. For investors, Nelco may represent a high-risk, high-reward proposition. It could appeal to those seeking thematic exposure to digital infrastructure and satellite technologies. Future quarters will be pivotal—Nelco must demonstrate operational turnaround, improved cost control, and the ability to exploit sector momentum to reassert its investment appeal. As negative concerns seem to be getting absorbed, we can now look for some upward bias to unfold. Look to go long above ₹1,130 and dips to ₹970 with a stop at ₹940 for a target of ₹1,185 and ₹1,250. Buy CMP and dips to ₹1,090 | Stop ₹1,060 | Target ₹1,225-1,295 DCM Shriram Ltd, a diversified conglomerate with interests spanning chemicals, agri-inputs, sugar, ethanol, and building systems, continues to demonstrate resilience amid a volatile macroeconomic environment. The company's Q4 FY25 results reflect a healthy year-on-year performance, though sequentially, there are signs of margin pressure. For the quarter ended March 2025, DCM Shriram reported total revenue of ₹3,019.32 crore, marking a 19.28% increase year-on-year. Operating profit stood at ₹291.06 crore, up 57.36% on-year, while net profit rose 51.88% to ₹178.91 crore. However, on a quarter-on-quarter basis, both revenue and profitability declined, indicating near-term headwinds in certain segments. Strategically, DCM Shriram is well-positioned in emerging sectors like green energy and ethanol blending. Its ethanol capacity, supported by multi-feedstock distilleries, aligns with India's biofuel policy and offers long-term growth potential. The chemicals segment, particularly caustic soda and hydrogen peroxide, benefits from industrial demand and backward integration. The charts clearly demonstrate that over the last few weeks, there has been some steady improvement in volumes and got the boost last week from the positive Q4, which came out of its narrow range that had kept the prices suppressed. We can note that on higher time frames, the selling intensity had begun to wear off, and now the Relative Strength Index (RSI) has moved above 40, indicating that momentum is calling for a rebound from lower levels. Considering the setup and encouraging news flow, we can look at a buying opportunity. As we look into the future from an investment perspective, DCM Shriram offers a balanced mix of stability and growth. It may appeal to those seeking exposure to India's rural economy, green energy transition, and industrial manufacturing. While not a high-beta stock, it provides consistent returns with a strong dividend track record and prudent capital allocation. In conclusion, DCM Shriram's Q4 FY25 results reinforce its position as a fundamentally sound and strategically diversified enterprise. With a positive outlook unfolding, we can look at how to participate on the long side by initiating a long at CMP and dips to ₹1,070, stop ₹1,050, target ₹ ₹1,225-1,295. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
