Latest news with #Nifty
Bloomberg
an hour ago
- Business
- Bloomberg
Indian Stocks to Catch up With Asian Peers in Second Half of 2025
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Nifty futures point to a positive opening, following Asian markets higher as a favorable ruling from the US trade court that deemed President Donald Trump's global tariffs illegal lifted investor sentiment. Traders' focus will be on IndusInd Bank following the ban on its former CEO for insider trading and Bajaj Auto's earnings.
&w=3840&q=100)
Business Standard
an hour ago
- Business
- Business Standard
SBI Life, Hudco, Canara Bank among top stocks to buy as Nifty consolidates
Stock Market View Markets traded subdued within a narrow range with a negative bias, continuing the ongoing consolidation phase. After an initial dip, the Nifty moved in a tight band throughout the session and eventually settled at the 24,752.45 level on Wednesday. Interestingly, unlike the frontline indices, the broader markets continued to show strength, with the smallcap index closing in the green while the midcap index ended flat. Despite the stable global cues and favorable domestic factors, the market is being weighed down by inconsistent FII inflows, which is reflected in the recent increase in volatility. Stocks to Buy Today, May 29, 2025: Canara Bank | LTP: ₹110.94 | Buy | Share price target: ₹118 | Stop-loss: ₹106 The PSU bank segment is showing renewed buying interest and, among them, Canara Bank share price is leading from the front. The stock recently confirmed a breakout from an 'inverted head and shoulder' pattern, showing clear sign of trend reversal. It is gradually inching higher, witnessing a follow-through breakout from a tight range, and looks poised for further upside. Considering the price action and buoyancy in the counter, traders can go long in Canara Bank shares within the mentioned range. Housing & Urban Development Corporation Limited | LTP: ₹237.24 | Buy | Share price target: ₹256| Stop-loss: ₹228 Hudco stock recently broke out of its multi-month declining trendline, potentially ending the corrective phase. After a brief pullback, it created a fresh buying pivot at the confluence of key moving averages, while forming an 'inverted head and shoulder' pattern. Considering the price structure, Hudco share price looks set for a strong move on the upside. Traders can initiate longs in the mentioned range. SBI Life Insurance Company Limited | LTP: ₹1,807.40 | Buy | Share price target: ₹1,950 | Stop-loss: ₹1,740 SBI Life share price witnessed a sharp rally post its breakout from the consolidation phase. However, to digest the gains, the price traded in a contracting range, resulting into a pennant pattern formation. SBI Life stock has registered a fresh breakout from this trend continuation pattern, suggesting resumption of prevailing uptrend. Participants may consider initiating fresh long positions at current levels.
News18
an hour ago
- Business
- News18
Stocks To Watch: IndusInd Bank, IRCTC, Coal India, Samvardhana Motherson, And Others
Last Updated: Stocks to watch: Shares of firms like IndusInd Bank, IRCTC, Coal India, Samvardhana Motherson, and others will be in focus on Thursday's trade Stocks to Watch on May 29, 2025: Markets remained range-bound and under pressure on Wednesday, continuing the consolidation phase. As investors look ahead, several stocks will be in focus today due to earnings announcements and significant news developments: These companies are set to announce their Q4 results today, keeping their stocks on investors' radar. IndusInd Bank SEBI has barred IndusInd Bank CEO Sumant Kathpalia and four others from the securities market over alleged insider trading. The regulator also froze Rs 19.78 crore, issuing an ex-parte interim order. IRCTC Reported a 26% YoY increase in net profit to Rs 358.22 crore. Revenue rose to Rs 1,268.52 crore. The Navratna PSU also announced its first dividend post-status upgrade. SAIL Steel Authority of India posted an 11% YoY rise in profit at Rs 1,250.98 crore. The Maharatna PSU also declared a dividend along with its results. Deepak Nitrite advetisement Posted a 106.4% jump in net profit to Rs 202 crore, with revenues up 14.5% to Rs 2,180 crore. The company had earlier declared a Rs 7.5/share dividend. Natco Pharma Net profit rose 5% YoY to Rs 406 crore. Revenue grew to Rs 1,287.3 crore. Margins saw a minor dip to 44.89% from 46.55% last year. Bata India Reported a 27.7% fall in net profit to Rs 46 crore. Revenue slipped to Rs 788.2 crore. EBITDA declined 26%, and margins contracted over 200 basis points. Birlasoft Net profit rose 4.3% to Rs 122 crore, but revenue fell 3.4%. EBITDA dropped sharply by 21.7%, with margin erosion to 13.18% from 16.26%. Coal India Named 'Preferred Bidder" for the Oranga-Revatipur Graphite and Vanadium Block in Chhattisgarh, marking its diversification beyond coal. Gensol Engineering NCLT's Ahmedabad bench has initiated proceedings against Gensol, its promoters, and affiliates over allegations of corporate fraud. Nuvama Wealth Management Posted a strong performance with a 41% surge in profit after tax (PAT) to Rs 255 crore, and revenue rising 29% to Rs 771 crore, driven by growth across wealth, asset, and capital markets services. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: News business » markets Stocks To Watch: IndusInd Bank, IRCTC, Coal India, Samvardhana Motherson, And Others
Time of India
2 hours ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 29, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for May 29, 2025: Index View: Nifty For the past 9 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. Unless a closing above 25050 is not confirmed, the downside swing towards 24300 / 24100 remains open on the index. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100. Bank Nifty Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1200-1500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55600. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777 After a bullish head and shoulder breakout on daily and weekly charts earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 7-9% is likely to be unfolded post this monthly derivative expiry. LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525 After trading at a 3 year low in April, LTIMindtree has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 13% while LTIM is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. ZYDUSLIFE (BUY): LCP: 925.60Stop Loss: 888Target: 980 Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
2 hours ago
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 29 after Trump's tariffs blocked
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday, tracking positive cues from global markets. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,843 level, a premium of nearly 80 points from the Nifty futures' previous close. Sentiment in the global markets improved after the Manhattan-based Court of International Trade blocked President Donald Trump from imposing tariffs on countries under emergency powers law. On Wednesday, the domestic equity market ended lower for the second consecutive session, with the benchmark Nifty 60 The Sensex dropped 239.31 points, or 0.29%, to close at 81,312.32, while the Nifty 50 settled 73.75 points, or 0.30%, to lower at 24,752.45. Here's what to expect from Sensex, Nifty 50 and Bank Nifty today: Sensex hovered between 81,200 and 81,600 on Wednesday and formed a small bearish candle on daily charts, which indicates indecisiveness between the bulls and the bears. 'We believe that the intraday market texture is non-directional; perhaps traders are waiting for a breakout on either side. For day traders, now, 81,600 would be the immediate breakout level. Above this, Sensex is likely to retest the levels of 82,100 – 82,500. On the other hand, below 81,200 could accelerate selling pressure, with support levels at 80,800 – 80,400,' said Shrikant Chouhan, Head Equity Research, Kotak Securities. In the derivatives space, the highest Call open interest (OI) was at the 25,000 strike, while the highest Put OI stood at 24,500, suggesting a likely near-term range between 24,500 and 25,000. Market participants should continue monitoring global cues and domestic macro data for further direction, said Mandar Bhojane, Equity Research Analyst at Choice Broking. Nifty 50 declined 0.30% to end at 24,752.45 on May 28, forming a modest bearish candle. 'Nifty 50 failed to reclaim the 9 EMA and drifted closer to the 20 EMA, reflecting sustained selling pressure at higher levels. A double top pattern has emerged near the 25,000 zone, where the index has repeatedly faced rejection. However, Nifty 50 has not yet breached the recent swing low of 24,460, but weakness still persists. The 23.6 percent Fibonacci retracement, placed near 24,312, may serve as a meaningful support if the decline deepens,' said Om Mehra, Technical Research Analyst, SAMCO Securities. According to him, a decisive move above the 25,000 - 25,020 is still essential for the continuation of bullish set up. Until that occurs, the index remains vulnerable to further downside. The current tone appears cautious, with neither the bulls nor the bears taking full control. Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. highlighted that the Nifty 50 index formed a red candle on the daily chart, indicating weakness. 'However, it continues to trade above its 21-Day Exponential Moving Average (21-DEMA), which is positioned near 24,570. As long as the index holds above this level, the probability of a pullback move cannot be ruled out. On the upside, the index is likely to face strong resistance near the 25,000 – 25,100 zone,' Yedve said. Dr. Praveen Dwarakanath, Vice President of said that the Nifty 50 continues to be range bound between 24,500 and 25,150 levels, with sell near higher levels and buy near dips. 'The higher timeframe momentum is still suggesting an upside, thus yesterday's fall is an opportunity to go long. The fall has pushed the stochastics on hourly charts to an oversold region suggesting a possible bounce from the current levels,' Dwarakanath said. Bank Nifty gained 64.20 points, or 0.12%, to close at 55,417.00 on Wednesday, forming a small-bodied green candle amid a narrow trading range. 'Bank Nifty index during the current week tested the upper band of the last 4 weeks consolidation range placed around 55,800 - 56,000 levels. Overall, we expect the Bank Nifty index to extend the last 4 weeks' consolidation in the broad range of 56,000 - 53,500. Only a move above 56,000 levels will signal acceleration of the up move towards 56,700 levels in the coming sessions,' said Bajaj Broking Research. According to the brokerage firm, immediate support is placed at 54,800 levels, while short-term support is seen at 54,000 - 53,500 being the confluence of key retracement and 50 days EMA. Om Mehra believes that the index remains supported above its rising trendline on the daily chart and the midline of the Bollinger Bands, indicating that short-term support is still intact. The resistance remains near the upper band, around 55,900, which may limit the upside attempts. 'The RSI stands at 59, while the MACD remains skewed to the downside. A breakout above 55,900 would signal fresh bullish momentum, with the potential to test lifetime highs. On the downside, 54,980 remains immediate support, followed by 54,400 if selling pressure intensifies,' said Mehra. Hrishikesh Yedve said that the Bank Nifty index formed a small green candle on the daily chart, indicating strength. 'On the upside, it is still facing resistance near the 56,000 – 56,100 zone. On the downside, 21-DEMA support is placed near 54,830. As long as the index remains above this level, it could attempt a relief rally towards 56,000 levels,' Yedve said. 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.
