Latest news with #BankNifty
Mint
12 hours ago
- Automotive
- Mint
Stock market crash: Nifty 50 falls below 50-DEMA support. Will it bounce back or go further down?
The Indian stock market extended decline on Friday, with the benchmark indices, Sensex and Nifty 50, falling over half a percent each weighed down by selling in auto, metals, banks, IT and energy sectors. The BSE Sensex dropped 0.78% to 81,539.97, while the NSE Nifty 50 slipped 0.86% to 24,844.45. The Bank Nifty shed 0.62% to 56,710.15. Broader markets also reeled under selling pressure as the Nifty Smallcap 100 and the Nifty Midcap 100 indices were down over 1% each. Bajaj Finserv, Bajaj Finance, Shriram Finance, Bajaj Auto, Hero MotoCorp, Eternal, PowerGrid Corporation of India and Jio Financial Services were among the top Nifty 50 losers. 'The near-term market construct has turned weak. Sustained FII selling of ₹ 11572 crores in the last four trading days will weigh on the market. The weakness in the broader market, particularly in smallcaps, might continue since valuations had turned excessive and difficult to justify,' said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments. The decline in heavyweight stocks dragged the Nifty 50 below the psychologically and technically important support level of 24,900. A sustained breakdown below this level could lead to further downside in the near term, analysts said. 'Nifty 50 was consolidating within its 50-DMA support zone of 24,900–25,000. However, the index has now breached this critical support and may see further correction. Market breadth remains negative, and broader indices are undergoing price-wise correction,' said Ruchit Jain, Vice President – Equity Technical Research, Motilal Oswal Financial Services. According to Jain, a close below 24,900 could open up further downside of 350–400 points, maintaining a negative bias for the index. Anshul Jain, Head of Research at Lakshmishree Investments, echoed a cautious outlook, stating that the Nifty 50 could move towards its swing low of 24,733 following the breakdown below 24,900. However, some analysts believe the downside momentum may slow down around the current levels. 'The slippage past 24,900 could set an immediate objective of 24,750 - 24,650. Further supports are near 24,450 and 24,000. However, with momentum low, favoured view expects downsides to slow down near 24,900 initially, prompting sideways moves again, with upsides capped near 25,130,' said Anand James, Chief Market Strategist, Geojit Investments. 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
14 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 25 July 2025
Stocks to buy under ₹ 100: The benchmark indices of the Indian stock market began the session on a weak footing and remained under pressure throughout the weekly expiry, as lacklustre Q1 results 2025 from IT majors triggered a sharp sell-off in the sector, weighing on overall sentiment. Caution also prevailed before next week's U.S. Federal Reserve policy decision, likely to steer global market direction. The Sensex dropped 542.47 points, or 0.66%, to close at 82,184.17, while the Nifty fell 157.80 points, or 0.63%, settling at 25,062.10. Sector-wise, PSU Banks, Healthcare, and Pharma outperformed in positive territory, bucking the broader downtrend. In contrast, heavy selling was seen across most other sectors, with the IT index sliding over 2%, leading the losses. Broader markets also came under selling pressure, with the Nifty Midcap index down 0.58% and the Small-cap index shedding 1.09%, indicating a weak undertone across segments. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect Indian markets to remain range-bound, with stock/sector-specific movements driven by Q1 results 2025. Meanwhile, global developments, including formalisation of the UK FTA and updates on the India-US trade deal, will be closely tracked by market participants." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of the Nifty 50 index is still weak. Strong overhead resistance and the formation of a bearish pattern indicate chances of more weakness in the short term. A slide below 24,900 levels could open some weakness down to 24,500 levels soon." Asked about the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index continues to move within a tight range, having the tough resistance barrier near the 57,300 zone, which needs to be breached decisively and expect further upward movement in the coming days. On the downside, the 50-DEMA zone at the 56,000 level shall be an important and crucial support that must be sustained to maintain the overall bias and sentiment intact." Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks for today under ₹ 100: Prozone Realty, Balaji Telefilms, and Elpro International. 1] Prozone Realty: Buy at ₹ 41.90, Target ₹ 45.50, Stop Loss ₹ 40.50. 2] Elpro International: Buy at ₹ 97, Targets ₹ 100.50, ₹ 102.80, Stop Loss ₹ 94.80. 3] Balaji Telefilms: Buy at ₹ 98.50, Target ₹ 105, Stop Loss ₹ 95.
Mint
15 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 25 July 2025
Stocks to buy under ₹ 100: The benchmark indices of the Indian stock market began the session on a weak footing and remained under pressure throughout the weekly expiry, as lacklustre Q1 results 2025 from IT majors triggered a sharp sell-off in the sector, weighing on overall sentiment. Caution also prevailed before next week's U.S. Federal Reserve policy decision, likely to steer global market direction. The Sensex dropped 542.47 points, or 0.66%, to close at 82,184.17, while the Nifty fell 157.80 points, or 0.63%, settling at 25,062.10. Sector-wise, PSU Banks, Healthcare, and Pharma outperformed in positive territory, bucking the broader downtrend. In contrast, heavy selling was seen across most other sectors, with the IT index sliding over 2%, leading the losses. Broader markets also came under selling pressure, with the Nifty Midcap index down 0.58% and the Small-cap index shedding 1.09%, indicating a weak undertone across segments. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect Indian markets to remain range-bound, with stock/sector-specific movements driven by Q1 results 2025. Meanwhile, global developments, including formalisation of the UK FTA and updates on the India-US trade deal, will be closely tracked by market participants." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of the Nifty 50 index is still weak. Strong overhead resistance and the formation of a bearish pattern indicate chances of more weakness in the short term. A slide below 24,900 levels could open some weakness down to 24,500 levels soon." Asked about the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index continues to move within a tight range, having the tough resistance barrier near the 57,300 zone, which needs to be breached decisively and expect further upward movement in the coming days. On the downside, the 50-DEMA zone at the 56,000 level shall be an important and crucial support that must be sustained to maintain the overall bias and sentiment intact." Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks for today under ₹ 100: Prozone Realty, Balaji Telefilms, and Elpro International. 1] Prozone Realty: Buy at ₹ 41.90, Target ₹ 45.50, Stop Loss ₹ 40.50. 2] Elpro International: Buy at ₹ 97, Targets ₹ 100.50, ₹ 102.80, Stop Loss ₹ 94.80. 3] Balaji Telefilms: Buy at ₹ 98.50, Target ₹ 105, Stop Loss ₹ 95. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
16 hours ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 25 July 2025
Buy or sell stocks: The benchmark indices of the Indian stock market began the session on a weak footing and remained under pressure throughout the weekly expiry, as lacklustre Q1 results 2025 from IT majors triggered a sharp sell-off in the sector, weighing on overall sentiment. Caution also prevailed before next week's U.S. Federal Reserve policy decision, likely to steer global market direction. The Sensex dropped 542.47 points, or 0.66%, to close at 82,184.17, while the Nifty fell 157.80 points, or 0.63%, settling at 25,062.10. Sector-wise, PSU Banks, Healthcare, and Pharma outperformed in positive territory, bucking the broader downtrend. In contrast, heavy selling was seen across most other sectors, with the IT index sliding over 2%, leading the losses. Broader markets also came under selling pressure, with the Nifty Midcap index down 0.58% and the Small-cap index shedding 1.09%, indicating a weak undertone across segments. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is sideways to positive. The Nifty 50 index is sustaining above the 50-DEMA support of 24,900, while the key benchmark index faces resistance at 25,250. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index once again found resistance near the hurdle of 25,250 zone and witnessed profit booking to slip towards the 25,000 zone to indicate a tight rangebound movement between 25,000 and 25,250 level for quite some time, with overall bias maintained positive. As mentioned earlier, we continue to maintain our stance, would need a decisive breach above the 25,250 to 25,300 zone to continue with the positive movement further ahead and expect the next targets of 25,500 and 25,700 levels in the coming days, provided the crucial support zone of 24,900 level is sustained as of now." "The Bank Nifty index continues to move within a tight range, having the tough resistance barrier near the 57,300 zone, which needs to be breached decisively and expect further upward movement in the coming days. On the downside, the 50-DEMA zone at the 56,000 level shall be an important and crucial support which needs to be sustained to maintain the overall bias and sentiment intact," said Parekh. Parekh said that the immediate support for the Nifty 50 index is at 24,900, while the resistance is at 25,300. The Bank Nifty would have a daily range of 56,500 to 57,600. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Bandhan Bank, REC, and Hubtown. 1] Bandhan Bank: Buy at ₹ 184, Target ₹ 190, Stop Loss ₹ 180; 2] REC: Buy at ₹ 405.50, Target ₹ 412, Stop Loss ₹ 398; and 3] Hubtown: Buy at ₹ 305, Target ₹ 325, Stop Loss ₹ 295. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
17 hours ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, global markets, to Q1 results today; Eight stocks to buy or sell on Friday
Stock Market Today: The weakness in the market continues as the benchmark Nifty-50 index at 25,062.10 ended 0.63% lower on Thursday. The Bank Nifty at 57,066.05 was also down 0.25%, while the IT and Realty Index were key losers, and only a few, such as Pharma and Healthcare, stood among the gainers. The mid and small caps also ended 0.58-1.09% lower. For the short term, immediate support for the Nifty is seen at 24,882. On the upside, unless 25255 is taken out decisively, traders should take a cautious stance, said Nandish Shah - Deputy Vice President, HDFC Securities. For Bank Nifty, immediate support is seen in the 56,000–55,700 zone, as per Bajaj Broking. In summary, Thursday's session painted a cautionary picture, and strong domestic earnings from banks couldn't offset widespread disappointment in IT and continued global trade concerns. With earnings and geopolitics in focus, investors will be watching for clarity on trade deals and recovery cues from tech fundamentals,' said Vikram Kasat, Head - Advisory, PL Capital. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Eternal Ltd , Fortis Healthcare Ltd., Glenmark Pharmaceuticals Ltd., Tata Chemicals Ltd., Zydus Wellness Ltd., Surya Roshni Ltd., and Welspun Living Ltd. 1. Eternal Ltd-Bagadia recommends buying ETERNAL at around ₹ 313.15, keeping Stop Loss at ₹ 302 for a target price of ₹ 336 ETERNAL is currently trading at ₹ 313.15 and has recently reached a new all-time high at 314.45, underscoring its strong bullish momentum. The stock continues to maintain an upward price structure marked by higher highs and higher lows, indicating sustained buying interest. The breakout to a new high reflects a shift in sentiment and robust demand. 2. Fortis Healthcare Ltd—Bagadia recommends buying FORTIS at around ₹ 846.55, keeping Stop Loss at ₹ 817 for a target price at ₹ 906 FORTIS is currently trading at ₹ 846.55 and is exhibiting strong signs of recovery, backed by a consistent formation of higher highs and higher lows. The stock has posted bullish candlesticks for four consecutive sessions and recently touched a fresh all-time high of ₹ 849, reflecting sustained upward momentum and the potential emergence of a long-term trend continuation. Rising volumes further reinforce the bullish sentiment, indicating heightened investor participation. 3. Glenmark Pharmaceuticals Ltd—Dongre recommends buying GLENMARK at around ₹ 2143, keeping the stop loss at ₹ 2100 for a target price of ₹ 2200 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2143 and maintaining strong support at ₹ 2100. The technical setup indicates the potential for a price retracement towards the ₹ 2200 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 ₹ 2100 offers a prudent approach to capturing the anticipated upside. 4. TVS Motor Company Ltd—Dongre recommends buying TVSMOTOR at ₹ 2800, keeping the stop loss at ₹ 2760 for a target price of ₹ 2885. Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2800 and maintaining strong support at ₹ 2760. The technical setup indicates the potential for a price retracement towards the ₹ 2885 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 ₹ 2760 offers a prudent approach to capturing the anticipated upside. 5. Tata Chemicals Ltd—Dongre recommends buying TATACHEM at ₹ 948, keeping stop loss at ₹ 930 for a target price of ₹ 985 In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 948 and holding above a key support level at ₹ 930. 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 ₹ 930 to manage downside risk. The target for this trade is set at ₹ 985, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Zydus Wellness Ltd—Koothupalakkal recommends buying ZYDUS WELLNESS at around ₹ 2138 for a target price of ₹ 2220, keeping the stop loss at ₹ 2100 The stock with a positive candle formation on the daily chart has been in a rising trend with bias getting better, and we can anticipate a further rise with volume participation visibly looking significant. The RSI is well positioned, indicating a buy signal, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of the 2220 level, keeping the stop loss of 2100 level. 7. Surya Roshni Ltd-Koothupalakkal recommends buying SURYA ROSHNI at around ₹ 347, keeping target price of ₹ 365, and keeping a stop loss of ₹ 338 The stock with a higher bottom formation has indicated a strong spurt in the last two sessions, taking support near the important 50EMA zone at ₹ 324 levels, and with gaining strength, we can anticipate a further rise. The RSI, after correcting from the overbought zone, is currently well placed, indicating a positive trend reversal to signal a buy, and can carry on with the positive move further ahead in the coming sessions. With the chart technically looking attractive, we suggest buying the stock. 8. Welspun Living Ltd-Koothupalakkal recommends buying WELSPUN LIVING at around ₹ 141 for a target price of ₹ 152, keeping Stop loss at Rs137 The stock has been in consolidation for quite some time, with the current indication of a bullish candle with rising volume participation. This has improved the bias, and we can expect a continuation of the positive move further ahead. The RSI has indicated strength, which is currently well poised for further upward movement with much upside potential visible. With the chart technically looking good, we suggest buying the stock. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
