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Mint
28 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 24 July 2025
Breakout stocks buy or sell: Benchmark indices, Sensex and Nifty 50, posted solid gains on Wednesday, July 23, driven by favorable global cues and buying interest in select heavyweight stocks such as HDFC Bank and ICICI Bank. The Sensex surged 540 points, or 0.66 per cent, to close at 82,726.64, while the Nifty 50 advanced 159 points, or 0.63 per cent, to settle at 25,219.90. The BSE Midcap index registered a rise of 0.24 per cent, and the Smallcap index ended marginally higher with a 0.05 per cent gain. Sumeet Bagadia, Executive Director at Choice Broking, believes that the improved sentiment of the Indian stock market is still intact as the Nifty 50 has been sustaining above 25,000 levels after bouncing back from the 50-DEMA support of 24,900. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is facing hurdle at 25,250 and it needs to breach this resistance for further improvement in Dalal Street mood. On breaking above 25,250 in a closing basis, we can expect the 50-stock index touching 25,500 and 25,700 soon. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Mangalore Refinery and Petrochmcls, JM Financial, Radhika Jeweltech, Parag Milk Foods, and Paradeep Phosphates. 1] Mangalore Refinery and Petrochmcls: Buy at ₹ 155.15, target ₹ 166, stop loss ₹ 149; 2] JM Financial: Buy at ₹ 179.59, target ₹ 195, stop loss ₹ 173; 3] Radhika Jeweltech: Buy at ₹ 103.08, target ₹ 112, stop loss ₹ 99; 4] Parag Milk Foods: Buy at ₹ 253.6, target ₹ 272, stop loss ₹ 244; 5] Paradeep Phosphates: Buy at ₹ 200.15, target ₹ 215, stop loss ₹ 193. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
28 minutes ago
- Economic Times
Stablecoin $2 trillion forecast is ‘optimistic,' JP Morgan says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The eye-catching $2 trillion projection for the potential growth of the stablecoin market that was often cited during the recent push to approve US regulation of the crypto market for the first time is 'a little bit optimistic,' according to JPMorgan Chase & month, Treasury Secretary Scott Bessent said during a Senate hearing that the sector could even exceed that estimate by 2028 provided there is legislative support. That would be almost roughly eight times the current $260 billion market value of all stablecoins.'We find it hard to believe that the market could grow substantially larger over the next few years as the infrastructure/ecosystem that supports stablecoins is far from developed and will take time to build out,' JPMorgan strategists led by Teresa Ho wrote in a note to clients on Wednesday. 'While adoption is poised to grow further, it might be at a slower pace than what some might anticipate.'Stablecoins have been touted as disruptive to traditional financial systems because of their potential use in almost instantaneous cross-border payments and remittances. Unlike more volatile cryptocurrencies, stablecoins are usually pegged to fiat currencies, potentially making it easier to settle payments instantly and around the clock. But despite the recent increase in interest for the assets, they still only account for less than 1% of global money flows, suggesting the role of the digital asset in upending financial rails still has significant steps to take, the strategists pointed out that given the current growth trajectory, it was more likely that the market would double or triple, which is far lower than other estimates. The stablecoin market has grown significantly over recent years, with Tether Holdings SA's USDT and Circle Internet Group Inc.'s USDC accounting more than 60% of the have been marketed by some issuers as a means of bypassing card networks, though they're seen as being more attractive for merchants than consumers. While issuers are able to generate millions of dollars from yield on their reserves, customers are usually only able to store and transfer value through the digital asset.'We suspect liquidity investors, whether retail or institutional, are not going to immediately jump into payment stablecoins as a cash alternative given their conservative nature in terms of how they manage their cash as a source of liquidity,' the bank the signing of the GENIUS Act into law last week, regulatory concerns regarding stablecoins has mostly cleared. The law sets rules for US dollar-backed stablecoins , including a requirement for firms to hold equivalent dollar amounts for their stablecoins reserves in Treasuries or similar products overseen by state or federal regulators. Bessent has hailed dollar-pegged stablecoins for their potential to increase demand for dollars and US debt globally.
Time of India
42 minutes ago
- Time of India
Stablecoin $2 trillion forecast is ‘optimistic,' JP Morgan says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The eye-catching $2 trillion projection for the potential growth of the stablecoin market that was often cited during the recent push to approve US regulation of the crypto market for the first time is 'a little bit optimistic,' according to JPMorgan Chase & month, Treasury Secretary Scott Bessent said during a Senate hearing that the sector could even exceed that estimate by 2028 provided there is legislative support. That would be almost roughly eight times the current $260 billion market value of all stablecoins.'We find it hard to believe that the market could grow substantially larger over the next few years as the infrastructure/ecosystem that supports stablecoins is far from developed and will take time to build out,' JPMorgan strategists led by Teresa Ho wrote in a note to clients on Wednesday. 'While adoption is poised to grow further, it might be at a slower pace than what some might anticipate.'Stablecoins have been touted as disruptive to traditional financial systems because of their potential use in almost instantaneous cross-border payments and remittances. Unlike more volatile cryptocurrencies, stablecoins are usually pegged to fiat currencies, potentially making it easier to settle payments instantly and around the clock. But despite the recent increase in interest for the assets, they still only account for less than 1% of global money flows, suggesting the role of the digital asset in upending financial rails still has significant steps to take, the strategists pointed out that given the current growth trajectory, it was more likely that the market would double or triple, which is far lower than other estimates. The stablecoin market has grown significantly over recent years, with Tether Holdings SA's USDT and Circle Internet Group Inc.'s USDC accounting more than 60% of the have been marketed by some issuers as a means of bypassing card networks, though they're seen as being more attractive for merchants than consumers. While issuers are able to generate millions of dollars from yield on their reserves, customers are usually only able to store and transfer value through the digital asset.'We suspect liquidity investors, whether retail or institutional, are not going to immediately jump into payment stablecoins as a cash alternative given their conservative nature in terms of how they manage their cash as a source of liquidity,' the bank the signing of the GENIUS Act into law last week, regulatory concerns regarding stablecoins has mostly cleared. The law sets rules for US dollar-backed stablecoins , including a requirement for firms to hold equivalent dollar amounts for their stablecoins reserves in Treasuries or similar products overseen by state or federal regulators. Bessent has hailed dollar-pegged stablecoins for their potential to increase demand for dollars and US debt globally.
