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Mint
10 hours ago
- Business
- Mint
Indian stock market: What does US-Iran escalation mean for Nifty 50, Sensex? Key technical levels to watch out
Indian stock market: Indian benchmark indices - Sensex, Nifty 50 - are expected to open in gap-up session on Monday after United States has officially joined Israel in striking Iranian nuclear strikes. However, investors are hopeful for a market rebound as escalating geopolitical tensions continue to exert downward pressure on market sentiment, according to experts. Mahesh M Ojha, AVP — Research at Hensex Securities, said, ' Investors should keep an eye on the gap-up opening on Monday as geopolitical tensions intensify worldwide. The escalating conflict between Israel and Iran is expected to push up global crude oil and gold prices.' Experts suggest that the U.S. economy and global markets were unprepared for this sudden conflict, which could weigh heavily on overall investor sentiment across global stock markets. The Israel-Iran conflict has escalated significantly, with the United States launching attacks on Iranian nuclear facilities and formally entering the war alongside Israel. The strikes reportedly targeted Iran's heavily guarded nuclear sites at Fordow, Natanz, and Esfahan. US B-2 bombers, known for their advanced stealth capabilities and built by Northrop Grumman, were used in the operation. These aircraft are capable of carrying powerful bombs, which experts believe are well-suited for such high-security targets. Iran has pledged to strike back, sparking concerns about a wider conflict in the Middle East. In light of the escalating tensions, the United States has initiated evacuation flights from Israel. On Friday, Indian equities ended the week with a 1.6% gain, rebounding from a three-day slump with a strong rally. Sensex opened slightly below its previous close at 81,354.85, compared to 81,361.87, but rallied by 1,133 points or 1.4% to hit an intraday high of 82,494.49. Similarly, the Nifty 50 started the day at 24,787.65, just under its last close of 24,793.25, and rose 1.4% to reach an intraday high of 25,136.20. Also Read | Stocks to buy under ₹100: Sumeet Bagadia recommends 3 shares to buy on Monday Key technical levels to watch out According to Sugandha Sachdeva, Founder of SS WealthStreet, the Nifty has successfully defended key support of 24500 and appears poised for an upside breakout from its consolidation range. ' For the past six consecutive weeks, Nifty has largely moved in a band of 24500-25200 and once there is a breakout on the higher side it would signal a bullish impulse and is likely to pave the way for higher targets of around the 25700 mark,' Sachdeva said. Meanwhile, on the outlook of Bank Nifty, she said, ' As for the Bank Nifty, it's likely to remain supported at 55400 levels and as long as the banking index is able to maintain this level, it is well-positioned to target higher levels of around 57180 mark.'
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 20 June 2025
Stocks to buy under ₹ 100: Amid rising geopolitical tension caused by the Israel-Iran war, the Indian stock market extended its downside trend for the third straight session on Thursday. The Nifty 50 index ended 18 points lower at 24,793, the BSE Sensex finished 82 points lower at 81,361, while the Bank Nifty index corrected 251 points and closed at 55,577. Tata Consumer, Eicher Motors, and M&M emerged as top performers on the Nifty. Conversely, Adani Ports, Bajaj Finance, and Shriram Finance concluded the session as major losers of the Nifty. Trading volumes on the NSE cash market were lower by 23% compared to the average volumes of the last ten days. Across sectors, the selling pressure was widespread. Barring Nifty Auto, all other sectoral indices ended in the red. Nifty PSU Banks, Media, Realty, Metal, and IT witnessed the most significant declines. The Nifty Midcap and Smallcap Indices witnessed considerable selling pressure, with the Nifty Midcap 100 Index plummeting by 1.63%, while the Nifty Smallcap 100 Index plunged by 2%. Market breadth remained weak for the seventh consecutive day, with declining stocks sharply outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.32, the lowest since 06 May. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index amid the geopolitical tensions has managed to show resilience sustaining near the 24,800 zone for quite some time with very narrow movement witnessed as of now and currently is precariously placed having the crucial and important support zone positioned at 24,500 and at the same time, would need a decisive move above the 25,200 to anticipate for further fresh upward move." "The Bank Nifty index witnessed some profit booking from near the 56000 zone and closed near the 55600 level with overall bias maintained with a cautious approach and anticipating fresh developments in the coming sessions, which shall decide the further directional move of the index. The index has been precariously placed and would need a decisive move above the 56000 zone, as mentioned earlier, to turn the bias positive and, at the same time, would need to sustain the near-term support positioned near the 55000 level to maintain the overall trend intact," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding intraday stocks for today, Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended four stocks to buy under ₹ 100: ESAF Small Finance Bank, Sat Industries, Imagicaaworld Entertainment, and Morepen Laboratories. 1] ESAF Small Finance Bank: Buy at ₹ 30.15 to ₹ 31.15, Targets ₹ 32.50, ₹ 34, ₹ 36, Stop Loss ₹ 28.80; and 2] Sat Industries: Buy at ₹ 96.25 to ₹ 97.25, Targets ₹ 99, ₹ 102, ₹ 105, Stop Loss ₹ 94.50. 3] Imagicaaworld Entertainment: Buy at ₹ 66.25, Target ₹ 69.50, Stop loss ₹ 64.50. 4] Morepen Laboratories: Buy at ₹ 60, Target ₹ 63.50, Stop Loss ₹ 58.50.
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 20 June 2025
Stocks to buy under ₹ 100: Amid rising geopolitical tension caused by the Israel-Iran war, the Indian stock market extended its downside trend for the third straight session on Thursday. The Nifty 50 index ended 18 points lower at 24,793, the BSE Sensex finished 82 points lower at 81,361, while the Bank Nifty index corrected 251 points and closed at 55,577. Tata Consumer, Eicher Motors, and M&M emerged as top performers on the Nifty. Conversely, Adani Ports, Bajaj Finance, and Shriram Finance concluded the session as major losers of the Nifty. Trading volumes on the NSE cash market were lower by 23% compared to the average volumes of the last ten days. Across sectors, the selling pressure was widespread. Barring Nifty Auto, all other sectoral indices ended in the red. Nifty PSU Banks, Media, Realty, Metal, and IT witnessed the most significant declines. The Nifty Midcap and Smallcap Indices witnessed considerable selling pressure, with the Nifty Midcap 100 Index plummeting by 1.63%, while the Nifty Smallcap 100 Index plunged by 2%. Market breadth remained weak for the seventh consecutive day, with declining stocks sharply outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.32, the lowest since 06 May. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index amid the geopolitical tensions has managed to show resilience sustaining near the 24,800 zone for quite some time with very narrow movement witnessed as of now and currently is precariously placed having the crucial and important support zone positioned at 24,500 and at the same time, would need a decisive move above the 25,200 to anticipate for further fresh upward move." "The Bank Nifty index witnessed some profit booking from near the 56000 zone and closed near the 55600 level with overall bias maintained with a cautious approach and anticipating fresh developments in the coming sessions, which shall decide the further directional move of the index. The index has been precariously placed and would need a decisive move above the 56000 zone, as mentioned earlier, to turn the bias positive and, at the same time, would need to sustain the near-term support positioned near the 55000 level to maintain the overall trend intact," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding intraday stocks for today, Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended four stocks to buy under ₹ 100: ESAF Small Finance Bank, Sat Industries, Imagicaaworld Entertainment, and Morepen Laboratories. 1] ESAF Small Finance Bank: Buy at ₹ 30.15 to ₹ 31.15, Targets ₹ 32.50, ₹ 34, ₹ 36, Stop Loss ₹ 28.80; and 2] Sat Industries: Buy at ₹ 96.25 to ₹ 97.25, Targets ₹ 99, ₹ 102, ₹ 105, Stop Loss ₹ 94.50. 3] Imagicaaworld Entertainment: Buy at ₹ 66.25, Target ₹ 69.50, Stop loss ₹ 64.50. 4] Morepen Laboratories: Buy at ₹ 60, Target ₹ 63.50, Stop Loss ₹ 58.50. 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
15-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today amid ease in India-Pakistan tension
Stocks to buy under ₹100: The Indian stock market witnessed heightened volatility throughout the Wednesday trading session. The Nifty 50 index gained 88 points and closed at 24,666. The BSE Sensex finished 182 points higher at 81,330. The Bank Nifty index lost 139 points and closed at 54,801. In addition to Metals and IT, the Real Estate and Energy sectors also outperformed. Positive momentum persisted in the broader markets, with the mid- and Small-Cap indices advancing by 1.11% and 1.44%, respectively, outperforming the frontline indices. Advertisement Stock market today On the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "The positive momentum in the Indian markets is likely to persist, supported by easing geopolitical tensions, progress on trade agreements, and improving signs of macroeconomic stability. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index has been volatile during the intraday session and after cooling off to some extent in the previous session has taken support near 24,550 zone, to indicate a revival with overall bias maintained positive to close in the green near 24,650 level. As mentioned earlier, the index would have the near-term support zone of 24,450 to 24,500 band where it can find some consolidation and once a decisive breach above the 24,800 zone is confirmed, then it can target the 25,200 and 25,400 levels in the coming days." Advertisement Asked about the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, 'The broader structure still appears to be bullish as long as the index sustains above the support zone of 54,400–54,250. On a wider time frame, a breakdown below this region could drag it toward the lower band of the channel near 53,500. The resistance is seen around 55,220. A decisive close above this level could signal a breakout from the declining trendline and may revive bullish momentum.' Stocks to buy today Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended buying these three intraday stocks for today under ₹100: Morepen Laboratories, Manali Petrochemicals, and NFL. Advertisement Vaishali Parekh's stock recommendations today 1] Morepen Laboratories: Buy at ₹60, Target ₹66, Stop Loss ₹57. Mahesh M Ojha's stock to buy under ₹ 100 2] Manali Petrochemicals: Buy at ₹55 to ₹56.50, Targets ₹58, ₹60, ₹62, ₹65, Stop Loss ₹54. Sugandha Sachdeva's intraday stock for today under ₹ 100 3] NFL: Buy on dips at ₹88.90, Target ₹95.50, Stop Loss ₹86.90. 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 taking any investment decisions. Advertisement
