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Mint
2 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 6 August 2025
Stocks to buy under ₹ 100: Following the renewed fear of Trump's tariffs, the Indian stock market underperformed global markets on Tuesday. The Nifty 50 index ended 73 points lower at 24,649, the BSE Sensex finished 308 points down at 80,710, while the Bank Nifty index corrected 259 points and closed at 55,360. Titan, IndusInd Bank and SBI Life led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for heavyweights like Adani Ports, Reliance Industries, and Infosys, which ended as the major losers within the Nifty pack. Trading volumes on the NSE cash market were higher by 6% compared to the previous session. Nifty OIL & GAS, pharma, and FMCG were major losers among the sectoral indices. In contrast, auto, consumer durables, and metals ended in the green, indicating pockets of buying interest despite the cautious sentiment. Both the Midcap and smallcap Indices witnessed profit booking, along with the Benchmark Index. The Nifty Midcap 100 fell 0.39%, while the Nifty Smallcap Index lost 0.16%. Market breadth turned negative, with advancing shares outnumbering declining ones, as indicated by an advanced-decline ratio on the BSE, which was 0.77. Speaking on the outlook of the Nifty 50 indices, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The near-term down trend of the Nifty 50 index remains intact and the market is expected to slide down towards the 24,500 to 24,400 levels in the next few sessions. However, today's RBI's mid-quarter policy outcome is expected to show clear directions for the market. Immediate resistance for Nifty today is placed at 24,800." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index is slipping down slowly towards the 55000 zone with bias weakening and would need a revival in the coming sessions to expect some decent pullback. The index has the important 100-period MA at the 56700 level, which would be the next support zone and needs to be sustained. On the upside, a decisive breach above the 50-DEMA zone at the 56000 level is much needed to improve the bias, and thereafter, expect a further rise." Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended these three intraday stocks for today under ₹ 100: GMR Airports, MSP Steel & Power, and DCW. 1] GMR Airports: Buy at ₹ 92, Target ₹ 96, Stop Loss ₹ 89. 2] MSP Steel & Power: Buy at ₹ 30.30, Targets ₹ 31.50, ₹ 33.30, Stop Loss ₹ 29.40. 3] DCW: Buy at ₹ 75.50, Target ₹ 80, Stop Loss ₹ 72.
Mint
2 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 6 August 2025
Stocks to buy under ₹ 100: Following the renewed fear of Trump's tariffs, the Indian stock market underperformed global markets on Tuesday. The Nifty 50 index ended 73 points lower at 24,649, the BSE Sensex finished 308 points down at 80,710, while the Bank Nifty index corrected 259 points and closed at 55,360. Titan, IndusInd Bank and SBI Life led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for heavyweights like Adani Ports, Reliance Industries, and Infosys, which ended as the major losers within the Nifty pack. Trading volumes on the NSE cash market were higher by 6% compared to the previous session. Nifty OIL & GAS, pharma, and FMCG were major losers among the sectoral indices. In contrast, auto, consumer durables, and metals ended in the green, indicating pockets of buying interest despite the cautious sentiment. Both the Midcap and smallcap Indices witnessed profit booking, along with the Benchmark Index. The Nifty Midcap 100 fell 0.39%, while the Nifty Smallcap Index lost 0.16%. Market breadth turned negative, with advancing shares outnumbering declining ones, as indicated by an advanced-decline ratio on the BSE, which was 0.77. Speaking on the outlook of the Nifty 50 indices, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The near-term down trend of the Nifty 50 index remains intact and the market is expected to slide down towards the 24,500 to 24,400 levels in the next few sessions. However, today's RBI's mid-quarter policy outcome is expected to show clear directions for the market. Immediate resistance for Nifty today is placed at 24,800." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index is slipping down slowly towards the 55000 zone with bias weakening and would need a revival in the coming sessions to expect some decent pullback. The index has the important 100-period MA at the 56700 level, which would be the next support zone and needs to be sustained. On the upside, a decisive breach above the 50-DEMA zone at the 56000 level is much needed to improve the bias, and thereafter, expect a further rise." Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended these three intraday stocks for today under ₹ 100: GMR Airports, MSP Steel & Power, and DCW. 1] GMR Airports: Buy at ₹ 92, Target ₹ 96, Stop Loss ₹ 89. 2] MSP Steel & Power: Buy at ₹ 30.30, Targets ₹ 31.50, ₹ 33.30, Stop Loss ₹ 29.40. 3] DCW: Buy at ₹ 75.50, Target ₹ 80, Stop Loss ₹ 72. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 days ago
- Business
- Mint
Buy or sell: Vaishali Parkh recommends three intraday stocks for today — 6 August 2025
Buy or sell stocks: Following the renewed fear of Trump's tariffs, the Indian stock market underperformed global markets on Tuesday. The Nifty 50 index ended 73 points lower at 24,649, the BSE Sensex finished 308 points down at 80,710, while the Bank Nifty index corrected 259 points and closed at 55,360. Titan, IndusInd Bank and SBI Life led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for heavyweights like Adani Ports, Reliance Industries, and Infosys, which ended as the major losers within the Nifty pack. Trading volumes on the NSE cash market were higher by 6% compared to the previous session. Among the sectoral indices, Nifty OIL & GAS, pharma, and FMCG ended as major losers. In contrast, auto, consumer durables, and metals ended in the green, indicating pockets of buying interest despite the overall cautious sentiment. Both the Midcap and smallcap Indices witnessed profit booking, along with the Benchmark Index. The Nifty Midcap 100 fell 0.39%, while the Nifty Smallcap Index lost 0.16%. Market breadth turned negative, with advancing shares outnumbering declining ones, as indicated by an advanced-decline ratio on the BSE, which was 0.77. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above the crucial 24,500 support. The Prabhudas Lilladher expert said the 50-stock index is facing a hurdle at the 50-DEMA levels, which are around 24,950. So, the key benchmark index is trading in a tight 24,500 to 24,950 range. A bullish or bearish trend can be assumed on the breakage of either side of this range. Speaking on the outlook of the Nifty 50 indices, Vaishali Parekh said, "The Nifty 50 index once again slipped down from the 24700 zone in the morning session and thereafter hovered near the 24600 level for the rest of the trading session with bias precariously placed and would need further clarity in the coming sessions. Once again, we maintain our view that the crucial support zone of 24500 level needs to be sustained to maintain the overall trend intact, failing which one can expect further intensified selling pressure from the counters, with 24000 level positioned as the next major support." On the outlook of the Bank Nifty today, Parekh added, "The Bank Nifty index is slipping down slowly towards the 55000 zone with bias weakening and would need a revival in the coming sessions to expect some decent pullback. The index has the important 100-period MA at the 56,700 level, which would be the next support zone and would need to be sustained. On the upside, a decisive breach above the 50-DEMA zone at the 56,000 level is much needed to improve the bias, and thereafter, expect a further rise." Parekh said that support for the Nifty 50 index is at 24,500, while resistance is at 24,800. The Bank Nifty would have a daily range of 54,800 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended these three intraday stocks: GMR Airports, Mazagon Dock Shipbuilders, and PNB Housing Finance. 1] GMR Airports: Buy at ₹ 92, Target ₹ 96, Stop Loss ₹ 89; 2] Mazagon Dock Shipbuilders: Buy at ₹ 2847, Target ₹ 3020, Stop Loss ₹ 2720; and 3] PNB Housing Finance: Sell at ₹ 765, Target ₹ 740, Stop Loss ₹ 790. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
08-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 8 July
On Monday, Nifty50 traded in a narrow range and closed flat amid cautious investor sentiment. The subdued movement was driven by global uncertainty ahead of the US tariff decision, which weighed on risk appetite. While FMCG and Consumption stocks provided support, weakness in IT and Metal stocks capped gains. Low trading volumes and a declining volatility index, with the India VIX near 9-month lows, reflected a wait-and-watch approach ahead of the tariff decision and Q1 numbers. Two stock recommendations by MarketSmith India for 8 July: Buy: Godrej Consumer Products Limited (current price: ₹ 1268.40) Also Read: India's share in global market cap up from recent low—but risks remain Buy: Hindustan Unilever Ltd (current price: ₹2410.40) Also Read: Optimistic HUL targets 10% earnings growth over medium-to-long term Nifty 50: How the Benchmark Index Performed On Monday, Nifty50 traded within a narrow intraday range of 83 points, oscillating between 25,490–25,407, and ended the session on a flat note. The price action resulted in the formation of a narrow-range candle on the daily chart, reflecting indecision amid low volatility. On the sectoral front, FMCG and consumption stocks outperformed, led by gains in HUL, Godrej Consumer, and ITC. In contrast, most other key sectoral indices and broader market segments closed flat to negative, causing the market breadth to weaken, with the advance-decline ratio settling at 2:3. Technically, Nifty50 continues to maintain a structurally bullish setup, trading firmly above its key moving averages. The recent price action suggests a phase of short-term consolidation. The relative strength index (RSI) on the daily chart is hovering near 61, reflecting a neutral-to-positive bias without entering overbought territory. Simultaneously, the MACD remains in positive territory, with a bullish crossover intact and trending flat above the central line. According to O'Neil's methodology of market direction, Nifty reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of 11 June 2024. Nifty50 witnessed a volatile trading session on Monday, reflecting investor caution ahead of key global macroeconomic events. Despite the intraday fluctuations, the broader market structure remains constructively bullish. The key support levels are situated around 25,200, followed by 25,000, which are likely to cushion any downside pressure. On the upside, resistance is observed near 25,600–25,700, and a decisive move beyond this range could pave the way for a renewed upward trajectory. Also read: data-vars-page-type="story" data-vars-link-type="Manual">For Nuvama Wealth, Jane Street impact is more about sentiment than financials How did Nifty Bank Perform? Bank Nifty witnessed a volatile, roller-coaster trading session on Monday and ended with a marginal loss of 0.15%. After opening on a weak note, the index oscillated between positive and negative territory throughout the day. The price action resulted in the formation of a doji candle with a long upper shadow on the daily chart, signaling profit booking at higher levels and indecision near resistance zones. Mirroring this trend, Nifty Financial Services (FINNIFTY) also traded volatile and closed slightly lower, declining by 0.12%. Technically, Bank Nifty remains positioned above all its key moving averages across multiple timeframes, reaffirming the strength of its broader bullish structure. However, short-term momentum indicators point toward potential consolidation. The relative strength index (RSI) on the daily chart is trending downward and currently hovers around 57, indicating a loss of upward momentum. Additionally, the MACD has turned negative, accompanied by a bearish crossover, further supporting the possibility of a near-term pause or corrective phase within the ongoing uptrend. As per O'Neil's methodology of market direction, Bank Nifty remains in a "Confirmed Uptrend", a trend it has sustained over the past few weeks. Bank Nifty exhibited a choppy intraday session yet successfully held its previous day's low and closed flat. The broader structure remains bullish, with the index consolidating in a range of 56,500–57,500. A sustained move above 57,000 could propel it toward 58,500–59,000 in the upcoming sessions. Conversely, if 57,000 fails to hold, volatility may intensify, confining the index within 57,000–56,000. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
28-04-2025
- Business
- Time of India
Nilesh Shah lists 5 key challenges faced by mutual fund managers in generating alpha
This alpha generation / outperformance is despite constraints of - Fund keeps cash to provide Daily Liquidity. Index doesn't have any cash. Cash creates a drag on Fund Performance by 50 bps to 100 bps. - Index can have more than 10 % weight in a Stock. Fund weight is capped at… — Nilesh Shah (@NileshShah68) April 27, 2025 Live Events Rolling Return Alpha / Outperformance over Benchmark Index — Nilesh Shah (@NileshShah68) April 27, 2025 First They said fund managers don't outperform they said large cap fund managers don't outperform index. Then they said small and mid cap fund managers don't outperform Index. now they say Fund Managers don't outperform index on a five year risk adjusted basis. Going… — Nilesh Shah (@NileshShah68) April 27, 2025 Despite various constraints, Kotak Mutual Fund's schemes have been adding value to investors' returns — generating alpha on SIP , point-to-point, and rolling return basis. Nilesh Shah , managing director of Kotak Mutual Fund , noted that this outperformance is akin to fund managers running a hurdle race while being held accountable as if they were running a normal sharing five constraints, Shah said that the fund keeps cash to provide daily liquidity, the index doesn't have any cash and keeping cash in the portfolio creates a drag on fund performance by 50 bps to 100 second constraint, according to Shah, is 'Index can have more than 10% weight in a Stock. Fund weight is capped at 10%. Most Funds have to book profit when stock weight goes above 10%.' The third constraint is that index changes happen at the closing price, whereas the fund has to bear the impact cost of buy and sell next constraint, shared by Shah, is that the Index doesn't have any transaction costs, whereas the fund has to incur transaction costs for entry and exit from stocks/investors.'Globally Fund performance is compared gross of expenses with total return Index. We compare net of expenses fund performance with the Total Return Index,' Shah wrote on social media platform X (formerly Twitter).The schemes managed by Kotak Mutual Fund have generated alpha or outperformed the benchmark index across different timeframes, such as three-, five-, seven-, and 10 years, based on SIP returns, rolling return, and point-to-point returnsShah compared what many investors or people say about the fund managers when there is a slight underperformance against the benchmark with reference to a popular dialogue from the Devdas movie.'First, they said fund managers don't outperform index. Then they said large-cap fund managers don't outperform index. Then they said small and mid-cap fund managers don't outperform index,' Shah of Kotak Mutual Fund wrote on X.'Now they say Fund Managers don't outperform index on a five-year risk-adjusted basis. Going forward, what will they say ?' he added.
