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Time of India
5 days ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 30, 2025
Stock market recommendations: According to Bajaj Broking Research, Aurobindo Pharma, and Gokaldas Exports are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for May 30, 2025: Index View: NIFTY Benchmark indices extended consolidation for the second week in a row amid stock specific action. Tired of too many ads? go ad free now Nifty is seen consolidating in the range of 24,400-25,200. Despite facing multiple global macroeconomic and geopolitical headwinds — including heightened geopolitical tensions, persistent global trade tariff uncertainties, and elevated U.S. bond yields — the Indian equity market continues to exhibit a resilient upward bias. The benchmark index has sustained its positive trajectory and is now placed around the 24,800 level. From a short-term technical perspective, the market sentiment remains constructive. The index is expected to find strong demand in the support zone of 24,400–24,500. As long as this key support range is held, we anticipate the Nifty 50 to continue its bullish momentum towards the resistance at 25,200-25,300 levels in the short term. Short-term support for Nifty is placed at 24,400–24,500 levels being confluence of 20 days EMA, previous breakout area and the last 2 weeks lows. While on the higher side 25,200-25,300 remains a key hurdle area being the previous major high and 80% retracement of the entire decline (26.277-21,744). Factors that support the positive momentum in the market 1) Rate cut expectations in the monetary policy outcome (2) Above normal Monsoon Forecast by the Indian Meteorological Department (IMD) (3) Brent crude prices have remained in a downward trajectory, offering a major tailwind to the Indian economy, which is a net importer of crude. Tired of too many ads? go ad free now NIFTY BANK Bank Nifty continues to consolidate in the broad range of 56,000-53,500 in the last 5 weeks. A key technical observation on the daily chart is that the index has already taken 26 sessions; it has retraced just 38.2% of the prior 9-session rally (49,157–56,098), indicating a shallow pullback that suggests underlying strength and potential higher bottom formation. We expect the index to extend the last 5 weeks' consolidation in the range of 53,500-56,000. Only a move above 56,000 levels will signal acceleration of the up move towards 56,700 levels in the coming sessions. Within consolidation we believe dips should be used as a buying opportunity. Key support placed at 54,000-53,500 as it is the confluence of the lower band of the last 5 weeks range, key retracement and 50 days EMA. Stock Recommendations: Aurobindo Pharma Buy in the range of Rs 1155-1175 Target SL Return Time Period Rs 1278 1109 10% 3 Months The stock is rebounding taking support at the rising trendline support joining lows of the last 3 months signaling buying demand at lower levels. The daily stochastic is rebounding from the oversold territory and has generated a buy signal moving above its three periods average thus validates positive bias. We expect the stock to head towards 1278 levels in the coming months being the 80% retracement of the previous decline (1356-1010) and the high of April 2025. Gokaldas Exports Buy in the range of Rs 960-980 Target SL Return Time Period Rs 1090 905 12% 3 Months The stock is witnessing buying demand from the previous major breakout area and the confluence of 20- & 50-days EMA signaling strength and offers fresh entry opportunity. It is currently trading above the short- and long-term moving averages signaling strength and overall positive bias. The daily stochastic is rebounding from the oversold territory and has generated a buy signal moving above its three periods average thus validates positive bias. We expect the stock to head towards 1090 levels in the coming months being the 123.6% external retracement of the previous decline (1060-925). Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
India Gazette
27-05-2025
- Business
- India Gazette
Indian indices open in red, indicating volatile trading session amid mixed global cues
New Delhi [India] May 27 (ANI): Indian stock markets opened in the red on Tuesday, indicating a volatile trading session during the day and a cautious approach of investors amid global uncertainties and mixed domestic cues. On the opening of the trading session, the BSE Sensex dropped 430 points to 82,038.20. Acting similarly, on the other hand, the Nifty 50 at the National Stock Exchange (NSE) declined about 0.5 per cent to 24,956. Stocks of Eternal, Mahindra & Mahindra, and NTPC were the major losers in the NSE's opening hour of trading. Observing the sentiments of the investors in the Indian stock markets, Ajay Bagga, a Banking and market expert, said, 'Indian markets are showing a tepid start, but given the Thursday expiry of the monthly derivative series, expect volatility as we saw on Monday, with both bulls and bears seeking to dominate.' He said the Bank of Japan is hosting an annual meeting of economists and central bankers in Tokyo from today, with economic worries and inflation overhang as this year's key themes. Bagga said Asian markets are lacklustre at the open, and direction will be sought this evening from the US markets. Akshay Chinchalkar, Head of Research, Axis Securities, said, 'The Nifty managed to close above the psychological 25000 level yesterday, but as long as the previous high of 25116 is holding, there is a small chance of a dip that holds 24462.' On Monday, Nifty opened on a strong note at 24,919, briefly touching an intraday high of 25,079. However, initial gains were short-lived as the index slipped to the day's low of 24,900. The second half of the session remained largely range-bound, with lacklustre movement keeping the index in check. On the sectoral front, notable strength was observed in IT, Auto, Metals, Construction, and Consumer Goods, lending some support to the broader market sentiment. Globally, investors' mood looks mixed due to the geopolitical developments. The upcoming week from May 28 to 31, 2025, is poised to deliver several significant economic releases across India, the United States, and China, which could shape global market expectations and investor sentiment. As per the market experts, the investors in the ongoing week will have attention on two key indicators. 'On May 28, the Industrial Production (YoY) data for April will be released, offering insights into the country's manufacturing momentum and economic activity,' the Bajaj Broking Research team added in its note. 'Later in the week, on May 30, markets will look to the GDP Quarterly (YoY) figures, a critical barometer of overall economic growth and resilience amid evolving domestic and global conditions,' the Bajaj Broking Research team further added in the note. From the United States, the week kicks off with the release of the FOMC Meeting Minutes on May 28, which could provide deeper clarity into the Federal Reserve's policy stance, inflation outlook, and rate trajectory. On May 29, the market will digest the GDP (QoQ) data for Q1 alongside the latest Initial Jobless Claims, both key indicators of economic health and labour market strength. (ANI)
Hans India
26-05-2025
- Automotive
- Hans India
Indian stock market closes in green; auto and IT stocks gain
The Indian stock market closed in the green on Monday as buying was seen across the sectors, especially in the auto and IT verticals. Benchmark indices commenced the week on a buoyant note, extending their upward trajectory for the second consecutive session. At the end of trading, the Sensex was up 455.37 points or 0.56 per cent at 82,176.45 and the Nifty was up 148 points or 0.60 per cent at 25,001.15. The rise was led by auto and IT stocks. Both Nifty Auto and Nifty IT index closed with a gain of one per cent each. Apart from this, buying was seen in metal, realty, media, energy, commodity and PSE indices. Along with largecap, buying was also seen in midcap and smallcap. The Nifty Midcap 100 index was up 379.50 points, or 0.67 per cent, at 57,067.25, and the Nifty Smallcap 100 index was up 64.45 points, or 0.37 per cent, at 17,707.80. 'The index formed a bullish candle with a higher high and higher low signalling continuation of the up move for the second session in a row as strong buying demand from the 20 days EMA. The bias remains positive and dips if any in the coming sessions should be used as buying opportunity as we expect index to head higher towards 25,300 levels in the coming sessions,' said Bajaj Broking Research in its note. According to market watchers, the US decision to consider extending the deadline for imposing aggressive tariffs on EU, coupled with a decline in the dollar index, contributed to a rebound in the domestic equity markets. These developments suggest that trade negotiations are progressing constructively, which could help moderate market volatility. 'Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets. The broader market outperformed, driven by expectations of increased rural consumption and a stronger Q4 GDP, following better-than-anticipated corporate earnings for the quarter,' informed Vinod Nair, Head of Research, Geojit Investments Limited. Rupee traded higher by 24 paise to close at 85.09 against the US dollar, supported by continued weakness in the dollar index, which fell to 98.93. 'A series of key US economic data lined up this week including Durable Goods Orders, FOMC Meeting Minutes, Q1 GDP, and the Core PCE Price Index are expected to keep USD-INR volatility elevated. The rupee is likely to remain within a range of 84.50 to 85.25 in the near term,' said Jateen Trivedi from LKP Securities.
Mint
20-05-2025
- Business
- Mint
Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Moody's US downgrade to gold prices
Indian stock market: The benchmark domestic equity indices, Sensex and Nifty 50, are likely to start Monday's trading session in green on positive cues from Asian markets. Asian stocks climbed for the first time in four sessions, following gains in the U.S. that pushed the S&P 500 index close to entering a bull market. Traders will monitor some key stock market triggers including Q4 results, developments in global trade agreements and any updates on India-Pakistan tensions. On Monday, Indian indices — the Sensex and Nifty 50 — closed lower on Monday, May 19, amid negative global signals. The Sensex dropped 271 points (0.33%) to finish at 82,059.42, while the Nifty 50 slipped 75 points (0.30%) to end at 24,944.45. "Domestic benchmark indices ended lower on Monday, weighed down by weak global cues, heightened volatility, and a sharp sell-off in IT stocks. Negative sentiment was further exacerbated by Moody's downgrade of the US sovereign credit rating, which triggered risk-off sentiment across equity markets. The Nifty 50 opened on a muted note and attempted an upward move; however, selling pressure emerged at resistance levels near the 25,050 mark, leading to profit booking," said Bajaj Broking Research. Asian stocks climbed for the first time in four sessions, taking cues from gains on Wall Street that pushed the S&P 500 close to entering a bull market. A regional index rose by 0.4%, supported by advances in markets across Australia, Japan, and South Korea, following the S&P 500's sixth consecutive day of gains. Meanwhile, U.S. Treasury yields remained stable in early Asian trading after experiencing volatility on Monday due to the U.S. credit rating downgrade. Gift Nifty was trading around 25,076 level, gaining nearly 85 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices. U.S. stock futures showed minimal movement. Futures for the S&P 500 edged up by less than 0.1%, while Nasdaq 100 futures slipped 0.1%. Dow Jones Industrial Average futures rose by 54 points, or 0.14%. The Nasdaq Composite closed slightly higher, gaining 0.02% to reach 19,215.46. The Dow Jones Industrial Average climbed 137.33 points, or 0.32%, ending at 42,792.07. The 30-stock index was boosted by a strong rebound in UnitedHealth, which surged 8% following a period of significant selling pressure. Moody's downgraded the United States' top-tier sovereign credit rating by one level, pointing to worries over the country's escalating $36 trillion debt. The agency reduced the U.S. government's long-held rating from 'Aaa' to 'Aa1' and changed its outlook from 'negative' to 'stable.' Concerns over trade issues, rising fiscal deficits, and diminishing confidence in the long-term strength of the U.S. economy have put pressure on American assets, with the U.S. dollar notably affected. Investors are increasingly viewing the currency as less attractive, as its value declines from previously high levels. The U.S. dollar index has dropped by as much as 10.6% from its peak in January — marking one of the steepest three-month declines. According to CFTC data, speculators are now holding net short positions against the dollar totaling $17.32 billion, approaching the most negative sentiment toward the currency since July 2023. Gold prices slipped slightly as the initial safe-haven demand triggered by Moody's downgrade of the US credit rating diminished, shifting focus back to the easing trade tensions between the world's two biggest economies. After gaining 0.8% on Monday, bullion was trading near $3,220 per ounce. Financial markets adopted a generally risk-on sentiment, with Asian stocks expected to follow Wall Street's upward trend—a development that typically weighs on gold, which tends to gain when economic outlooks are bleak. Oil prices remained mostly steady following a two-day rise, as traders assessed indications that US President Donald Trump is stepping back from his attempts to resolve the conflict between Ukraine and Russia. (With inputs from agencies) 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
20-05-2025
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 20
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday amid positive global cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,083.50 level, a premium of nearly 107 points from the Nifty futures' previous close. India's equity benchmark indices edged down on Monday, mirroring the trend in global markets. The Nifty 50 slipped 0.3% to close at 24,945.45, while the Sensex ended 0.33% lower at 82,059.42. Throughout the session, they fluctuated between gains of 0.2% and losses of 0.4%. Here's what to expect from Sensex, Nifty 50 and Bank Nifty today: According to Om Mehra, Technical Research Analyst, SAMCO Securities, Nifty 50 holds above the 9-EMA and 20-SMA, highlighting the short-term bullish outlook. Further, Om explained that the Relative Strength Index (RSI) stands above 60, indicating the trend remains firm. However, the ADX has cooled off to 23, implying a lack of trend and hinting at a possible range-bound phase unless fresh triggers emerges. The flattening +DI and subdued -DI lines further support this short-term view. "A close above 25,070 could reignite bullish momentum, potentially opening up the path toward the 25,180-25,280 zone. On the downside, immediate support is placed at 24,800, followed by 24,700, which aligns with the 20-SMA. In the near term, Nifty 50 is likely to remain in a consolidation phase with a bullish bias. A breakout above 25,070 may trigger fresh long positions, while minor pullbacks toward support levels cannot be ruled out," explained Mehra. As per Bajaj Broking Research analysts, going forward, we expect Nifty 50 to hold above the immediate support area 24,800 and head towards the immediate target area 25,200–25,300 in the coming sessions , which represents the measured move target of the recent breakout from the consolidation range of 23,800–24,500. While the broader trend remains constructive, some consolidation around the 25,200–25,300 levels cannot be ruled out given the sharp up move witnessed in recent sessions. 'Market participants should continue to focus on stock-specific opportunities as the Q4FY25 earnings season unfolds. On the downside, immediate support is placed at 24,800, whereas the breakout zone around 24,600–24,400, coinciding with last week's low, is expected to act as a key demand zone and provide strong support in the near term,' said Bajaj Broking Research analysts. Nifty Bank ended the session at 55,420.70, up 0.12%, forming a modest green candle while attempting to move beyond the upper trendline of the descending channel. According to Om Mehra, The index has been oscillating within this falling channel for past several days, and a confirmed breakout is still awaited to establish directional clarity. The Relative Strength Index (RSI) stands above 60, indicating steady momentum and continued strength. However, the MACD hovers in the negative zone, with the fast line yet to cross above the signal line. On the hourly chart, the index is sustaining above the Supertrend support at 55,100. A close above 55,700 would confirm a breakout from the falling channel, potentially opening the path toward 56,000–56,200 levels. The immediate support is placed at 55,000. The overall trend remains neutral to mildly positive, explained Om. According to Bajaj Broking Research analysts, going ahead, we expect the index to maintain its upward bias and gradually move towards the 56,400 level, which corresponds to the 123.6% external Fibonacci retracement of the recent corrective phase (56,194–53,585). A key technical observation on the daily chart is that the index has been trading within a downward-sloping channel for the past 18 sessions. 'Currently, it is poised near the upper boundary of this falling channel, suggesting a potential breakout that would reinforce the bullish momentum. On the downside, immediate support is placed at 54,800. Further, the zone of 54,400–54,100, which aligns with the prior week's low and the 20-day EMA, is expected to act as a strong support base in the near term,' said Bajaj Broking Research analysts. 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.
