Latest news with #OmMehra
Mint
2 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 6 June 2025
Stock market today: Ahead of the weekly expiry, the Indian stock market ended higher on Thursday. The Nifty 50 index ended 130 points higher at 24,750, the BSE Sensex finished 443 points upside at 81,442, while the Bank Nifty index added 84 points and closed at 55,760. Eternal, Trent and Dr Reddy were major gainers on the Nifty, while major losers were IndusInd Bank, Tata Consumer, and Axis Bank. Trading volumes on the NSE cash market were higher by 6% compared to Wednesday's session. The Mid-cap and the Small-cap indices continued to outperform the benchmark. The Nifty Mid-cap 100 Index rose by 0.53%, while the Nifty Small-cap 100 Index surged by 0.96%. Nifty small-cap index continued its upward journey for the fourth day to close at a four-month high. Market breadth remained positive for the fourth consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.33. On the outlook of the Nifty 50 today, Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Technically, the Nifty has regained its level above the 20-day EMA, indicating a potential strengthening of the underlying trend. The index appears to have established a strong base near 24,500. On the upside, 24,900 could offer short-term resistance for the Nifty, as investors also looked ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time." Asked about the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, "The Bank Nifty index is trading above all major moving averages, and the ascending triangle visible on the daily chart suggests the potential for an upward push. A close above 56,162 could open room for a fresh leg of gains." Speaking on the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, 'We expect markets to consolidate with a positive bias, tracking global markets, macro-economic indicators and progress in US-India trade negotiations.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today under ₹ 100: Shriram Properties, Subex, Sagility India, Ujjivan Small Finance Bank, YATRA, and Ugar Sugar. 1] Shriram Properties: Buy at ₹ 97.95, Target ₹ 103, Stop Loss ₹ 95.50; and 2] Subex: Buy at ₹ 15.30, Target ₹ 18, Stop Loss ₹ 14. 3] Sagility India: Buy at ₹ 38.50 to ₹ 39.10, Targets ₹ 40.75, ₹ 42.50, ₹ 45, Stop Loss ₹ 37.70; and 4] Ujjivan Small Finance Bank: Buy at ₹ 44 to ₹ 44.60, Targets ₹ 45.60, ₹ 46.50, ₹ 48, ₹ 50, Stop Loss ₹ 42.80. 5] YATRA: Buy at ₹ 95.90, Targets ₹ 100.80, ₹ 104, Stop Loss ₹ 93.80. 6] Ugar Sugar: Buy at ₹ 49.70, Target ₹ 53, Stop Loss ₹ 48.50.
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 6 June 2025
Stock market today: Ahead of the weekly expiry, the Indian stock market ended higher on Thursday. The Nifty 50 index ended 130 points higher at 24,750, the BSE Sensex finished 443 points upside at 81,442, while the Bank Nifty index added 84 points and closed at 55,760. Eternal, Trent and Dr Reddy were major gainers on the Nifty, while major losers were IndusInd Bank, Tata Consumer, and Axis Bank. Trading volumes on the NSE cash market were higher by 6% compared to Wednesday's session. The Mid-cap and the Small-cap indices continued to outperform the benchmark. The Nifty Mid-cap 100 Index rose by 0.53%, while the Nifty Small-cap 100 Index surged by 0.96%. Nifty small-cap index continued its upward journey for the fourth day to close at a four-month high. Market breadth remained positive for the fourth consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.33. On the outlook of the Nifty 50 today, Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Technically, the Nifty has regained its level above the 20-day EMA, indicating a potential strengthening of the underlying trend. The index appears to have established a strong base near 24,500. On the upside, 24,900 could offer short-term resistance for the Nifty, as investors also looked ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time." Asked about the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, "The Bank Nifty index is trading above all major moving averages, and the ascending triangle visible on the daily chart suggests the potential for an upward push. A close above 56,162 could open room for a fresh leg of gains." Speaking on the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, 'We expect markets to consolidate with a positive bias, tracking global markets, macro-economic indicators and progress in US-India trade negotiations.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today under ₹ 100: Shriram Properties, Subex, Sagility India, Ujjivan Small Finance Bank, YATRA, and Ugar Sugar. 1] Shriram Properties: Buy at ₹ 97.95, Target ₹ 103, Stop Loss ₹ 95.50; and 2] Subex: Buy at ₹ 15.30, Target ₹ 18, Stop Loss ₹ 14. 3] Sagility India: Buy at ₹ 38.50 to ₹ 39.10, Targets ₹ 40.75, ₹ 42.50, ₹ 45, Stop Loss ₹ 37.70; and 4] Ujjivan Small Finance Bank: Buy at ₹ 44 to ₹ 44.60, Targets ₹ 45.60, ₹ 46.50, ₹ 48, ₹ 50, Stop Loss ₹ 42.80. 5] YATRA: Buy at ₹ 95.90, Targets ₹ 100.80, ₹ 104, Stop Loss ₹ 93.80. 6] Ugar Sugar: Buy at ₹ 49.70, Target ₹ 53, Stop Loss ₹ 48.50. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Mint
3 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to RBI MPC meeting; eight stocks to buy or sell on Friday — 6 June 2025
Stock market today: Ahead of the weekly expiry, the Indian stock market ended higher on Thursday. The Nifty 50 index ended 130 points higher at 24,750, the BSE Sensex finished 443 points upside at 81,442, while the Bank Nifty index added 84 points and closed at 55,760. Eternal, Trent and Dr Reddy were major gainers on the Nifty, while major losers were IndusInd Bank, Tata Consumer, and Axis Bank. Trading volumes on the NSE cash market were higher by 6% compared to Wednesday's session. The Mid-cap and the Small-cap indices continued to outperform the benchmark. The Nifty Mid-cap 100 Index rose by 0.53%, while the Nifty Small-cap 100 Index surged by 0.96%. Nifty small-cap index continued its upward journey for the fourth day to close at a four-month high. Market breadth remained positive for the fourth consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.33. Speaking on the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect markets to consolidate with a positive bias, tracking global markets, macro-economic indicators and progress in US-India trade negotiations." On the outlook of the Nifty 50 today, Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Technically, the Nifty has regained its level above the 20-day EMA, indicating a potential strengthening of the underlying trend. The index appears to have established a strong base near 24,500. On the upside, 24,900 could offer short-term resistance for the Nifty, as investors also looked ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time." Asked about the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, "The Bank Nifty index is trading above all major moving averages, and the ascending triangle visible on the daily chart suggests the potential for an upward push. A close above 56,162 could open room for a fresh leg of gains." On the volatility expected on Dalal Street, Om Mehra of SAMCO Securities said, "India VIX eased further ahead of Friday's RBI monetary policy, slipping 4.21% to 15.08, amounting to nearly a 12% decline over the past three sessions. This cooling off in volatility signals lower market anxiety, and possibly, the early signs of a shift in sentiment toward risk-on." The US stock market veered to a sharply lower close, and crude prices advanced on Thursday as a high-profile dispute between US President Donald Trump and billionaire Elon Musk overshadowed trade talks between Washington and Beijing and a spate of downbeat economic data. The Dow Jones Industrial Average fell 108.00 points, or 0.25%, to 42,319.74, the S&P 500 lost 31.48 points, or 0.53%, to 5,939.33 and the Nasdaq Composite dropped 162.04 points, or 0.83%, to 19,298.45. Tesla's share price crashed over 14% after Donald Trump threatened to terminate Elon Musk's government subsidies after Musk criticized Trump's tax and spending bill. Tesla helped pull the Nasdaq down the most, while the S&P 500 and the Dow suffered shallower losses. MSCI's gauge of stocks across the globe fell 2.47 points, or 0.28%, to 886.46. The pan-European STOXX 600 index rose 0.16%, while Europe's broad FTSEurofirst 300 index rose 4.07 points or 0.19%. 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 Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: MOIL, Fortis Healthcare, Oberoi Realty, SBI, Aditya Birla Capital, NIIT, Shriram Properties, and Paras Defence. 1] MOIL: Buy at ₹ 387.95, Target ₹ 420, Stop Loss ₹ 370; and 2] Fortis Healthcare: Buy at ₹ 754.75, Target ₹ 820, Stop Loss ₹ 720. 3] Oberoi Realty: Buy at ₹ 1800, Target ₹ 1950, Stop Loss ₹ 1750; 4] SBI: Buy at ₹ 807, Target ₹ 840, Stop Loss ₹ 790; and 5] Aditya Birla Capital: Buy at ₹ 225, Target ₹ 235, Stop Loss ₹ 218. 6] NIIT: Buy at ₹ 136.15, Target ₹ 143, Stop Loss ₹ 133; 7] Shriram Properties: Buy at ₹ 97.95, Target ₹ 103, Stop Loss ₹ 95.50; and 8] Paras Defence: Buy at ₹ 1724, Target ₹ 1820, Stop Loss ₹ 1690. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
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.
