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Mint
6 days ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US tariffs on India to Apple shares
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday, after the US President Donald Trump imposed an additional 25% tariff on imports from India, bringing the combined tariffs to 50%. Asian markets traded mixed, while the US stock market ended higher, lifted by a rally in Nasdaq. On Wednesday, the Indian stock market ended lower after the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged, and maintain the policy stance to 'Neutral'. The Sensex fell 166.26 points, or 0.21%, to close at 80,543.99, while the Nifty 50 settled 75.35 points, or 0.31%, lower at 24,574.20. 'We expect the market to continue its consolidation as investor sentiment remains cautious amid India-US trade tensions and the ongoing Q1 earnings announcements,' said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed on Thursday after Trump's vow to impose a 100% tariff on imports of semiconductors and chips. Japan's Nikkei 225 rose 0.66%, while the Topix index gained 0.19%. South Korea's Kospi rallied 0.53% while the Kosdaq was flat. Hong Kong's Hang Seng index futures indicated a weaker opening. Gift Nifty was trading around 24,594 level, a discount of nearly 40 points from the Nifty futures' previous close, indicating a negative start for the Indian stock market indices. US stock market ended higher on Wednesday, led by a more than 1% gain in the Nasdaq. The Dow Jones Industrial Average gained 81.38 points, or 0.18%, to 44,193.12, while the S&P 500 rallied 45.87 points, or 0.73%, to 6,345.06. The Nasdaq Composite closed 252.87 points, or 1.21%, higher at 21,169.42. Apple share price jumped 5.1%, Amazon shares rallied 4.00%, Microsoft shares fell 0.53%, and Nvidia stock price gained 0.65%. Tesla share price rallied 3.62%, McDonald's shares rose 3%, while Arista Networks shares jumped 17.5%. Advanced Micro Devices stock price slumped 6.4% and Super Micro Computer shares plunged 18.3%. Walt Disney shares eased 2.7%. US President Donald Trump slapped an additional 25% tariff on imports from India, citing the country's alleged direct and indirect import of oil from the Russian Federation, bringing the combined tariffs imposed by the United States on its ally to 50%. Apple share price jumped 5% after US President Donald Trump announced that the company will invest an additional $100 billion in the United States, a move which will expand its domestic investment commitment and could help it sidestep potential tariffs on iPhones. The new pledge brings Apple's total investment commitment in the US to $600 billion. Earlier this year, the company had announced it would invest $500 billion and hire 20,000 workers across the country over the next four years, Reuters reported. Minneapolis Fed President Neel Kashkari said that for him, the cooling US labor market and a slowing economy adds up to a case for interest rate cuts in coming months. 'The economy is slowing, and that means in the near term it may become appropriate to start adjusting,' Kashkari said on CNBC's Squawk Box, adding that two quarter-percentage-point rate cuts by the end of the year 'seems reasonable to me.' The dollar remained lower against major peers. The dollar index, which measures the greenback against a basket of major peers, edged up 0.1% to 98.259, after a 0.6% slide in the previous session, Reuters reported. The US currency was little changed at 147.36 yen. The euro stood at $1.1654, down almost 0.1%. Gold prices rose, helped by a weaker dollar on growing expectations of a Federal Reserve rate cut next month. Spot gold price rose 0.1% to $3,372.97 per ounce, while US gold futures gained 0.3% to $3,442.20. (With inputs from Reuters) 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
05-08-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 5 July 2025
Stocks to buy under ₹ 100: On Monday, the Indian stock market registered a relief rally on broad-based buying. The Nifty 50 index went up 157 points and closed at 24,722, the BSE Sensex surged 418 points and finished at 81,018, while the Bank Nifty index ended marginally higher at 55,619. Hero Motocorp, Tata Steel and Adani Ports led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for Power Grid Corporation of India, HDFC Bank, and ONGC, which ended as the major losers within the Nifty pack. Trading volumes on the NSE cash market were lower by 12% compared to Friday, the lowest since 07 July. The widespread buying interest across sectors clearly showed the market's improved sentiment. Barring Nifty FMCG, which ended marginally in the red, all other sectoral indices closed the day in the green. The gains were robust in Nifty Metal, Realty, Auto, and IT, which all ended as major gainers, indicating a broad-based return of confidence among investors. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Investors now await key global macro data – including US Services and Manufacturing PMI due today – along with Q1 results 2025 from Bharti Airtel, Adani Ports, Prestige Estates, Bharti Hexacom, and Lupin, which are likely to drive stock-specific action ahead of the RBI's policy outcome." Speaking on the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The negative chart pattern, like lower tops and bottoms, remains intact on the daily chart. After the formation of a new lower bottom on Monday at 24535, Nifty is expected to form a new lower top around 24850-24900 levels in the short term, which could be a sell-on-rise opportunity. Immediate support is placed at 24550." Askeda bout the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, overall, remained sluggish, hovering near the 55,500 zone, and has been moving within a tight range for some time, resisting near the 50-DEMA level of 56,072 and having crucial support near the 55,000 level. As mentioned earlier, the index needs to move past the important hurdle of the 56,100 level to establish conviction and confirm a directional move further ahead." 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 four intraday stocks: Bank of Maharashtra, SJVN, Morepen Laboratories, and Jagran Prakashan. 1] Bank of Maharashtra: Buy at ₹ 55, Target ₹ 60, Stop Loss ₹ 52; and 2] SJVN: Buy at ₹ 93, Target ₹ 99, Stop Loss ₹ 90. 3] Morepen Laboratories: Buy at ₹ 57.40, Target ₹ 59.60, ₹ 60.80, Stop Loss ₹ 55.90. 4] Jagran Prakashan: Buy at ₹ 74, Target ₹ 85, Stop Loss ₹ 70.
Mint
05-08-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 5 July 2025
Stocks to buy under ₹ 100: On Monday, the Indian stock market registered a relief rally on broad-based buying. The Nifty 50 index went up 157 points and closed at 24,722, the BSE Sensex surged 418 points and finished at 81,018, while the Bank Nifty index ended marginally higher at 55,619. Hero Motocorp, Tata Steel and Adani Ports led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for Power Grid Corporation of India, HDFC Bank, and ONGC, which ended as the major losers within the Nifty pack. Trading volumes on the NSE cash market were lower by 12% compared to Friday, the lowest since 07 July. The widespread buying interest across sectors clearly showed the market's improved sentiment. Barring Nifty FMCG, which ended marginally in the red, all other sectoral indices closed the day in the green. The gains were robust in Nifty Metal, Realty, Auto, and IT, which all ended as major gainers, indicating a broad-based return of confidence among investors. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Investors now await key global macro data – including US Services and Manufacturing PMI due today – along with Q1 results 2025 from Bharti Airtel, Adani Ports, Prestige Estates, Bharti Hexacom, and Lupin, which are likely to drive stock-specific action ahead of the RBI's policy outcome." Speaking on the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The negative chart pattern, like lower tops and bottoms, remains intact on the daily chart. After the formation of a new lower bottom on Monday at 24535, Nifty is expected to form a new lower top around 24850-24900 levels in the short term, which could be a sell-on-rise opportunity. Immediate support is placed at 24550." Askeda bout the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, overall, remained sluggish, hovering near the 55,500 zone, and has been moving within a tight range for some time, resisting near the 50-DEMA level of 56,072 and having crucial support near the 55,000 level. As mentioned earlier, the index needs to move past the important hurdle of the 56,100 level to establish conviction and confirm a directional move further ahead." 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 four intraday stocks: Bank of Maharashtra, SJVN, Morepen Laboratories, and Jagran Prakashan. 1] Bank of Maharashtra: Buy at ₹ 55, Target ₹ 60, Stop Loss ₹ 52; and 2] SJVN: Buy at ₹ 93, Target ₹ 99, Stop Loss ₹ 90. 3] Morepen Laboratories: Buy at ₹ 57.40, Target ₹ 59.60, ₹ 60.80, Stop Loss ₹ 55.90. 4] Jagran Prakashan: Buy at ₹ 74, Target ₹ 85, Stop Loss ₹ 70. 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
30-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Wednesday
Stock Market Today: The benchmark Nifty-50 index rebounded 0.57% on Tuesday to end at 24,821.10 amidst short covering. Bank Nifty at 56,222.00 gained 0.24%, as most sectors led by Realty, Pharma, Metals, and Oil & Gas were among the gainers. Even mid- and small-caps ended with 0.8-1.0% gains. On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750, said Rupak De, Senior Technical Analyst at LKP Securities. For the Bank Nifty, support lies at 56000–55800, while it faces resistance in the 56500–56750 zone, as per analysts. Going ahead, investor focus would shift towards global macros, with US Q2 GDP and the Fed interest rate decision scheduled to be announced tomorrow. On the earnings front, key results on Wednesday include Tata Steel, Interglobe Aviation, Hyundai Motor, PNB, and Power Grid, amongst others. Overall, we expect the markets to witness selective buying, driven by quarterly results, while broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal, said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd. 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: Shankara Building Products Ltd., Krishana Phoschem Ltd., Biocon Ltd , Glenmark Pharmaceuticals Ltd., One 97 Communications Ltd, Lloyds Engineering Works Ltd, Graphite India Ltd., and Ideaforge Technology Ltd. Shankara Building Products Ltd _ Bagadia recommends buying SHANKARA at around ₹ 1132.2 , keeping Stoploss at ₹ 1090 for a target price ₹ 1210 SHANKARA is currently positioned at ₹ 1132. 2 levels witnessed a robust up move in today's session. The stock registered a strong bullish candle on the daily chart, confirming a breakout from a month-long consolidation zone. After trading in a narrow range near 1,000–1,060 for several weeks, today's price action clearly signals a resumption of the prior bullish trend. This breakout strengthens the view of fresh buying interest from institutions or large players. 2. Krishana Phoschem Ltd-Bagadia recommends buying KRISHANA at around ₹ 544, keeping stop loss at ₹ 523 for a target price of ₹ 580 KRISHANA, currently trading at ₹ 544, has shown a reaffirming strong bullish sentiment. Recent price action indicates the stock gradually moved higher, forming higher highs and higher lows—a classic sign of a bullish reversal. The bullish alignment of EMAs confirms that the broader trend remains firmly positive, with the 20-day EMA now acting as immediate dynamic support. Biocon Ltd-Dongre recommends buying Biocon at ₹ 398, keeping stop loss at ₹ 390 for a target price of ₹ 415 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 398 and has established a solid support base at ₹ 390. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 415 level in the near term. Given the renewed strength and the favorable risk-reward ratio, entering at the current market price with a stop-loss placed at ₹ 390 offers a strategic opportunity to capture the expected upside move. The outlook remains positive as long as the stock holds above its key support zone 2. Glenmark Pharmaceuticals Ltd—Dongre recommends buying GLENMARK at around ₹ 2158, keeping Stoploss at ₹ 2130 for a target price of ₹ 2220 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2158 and maintaining strong support at ₹ 2130. The technical setup indicates the potential for a price retracement towards the ₹ 2220 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 ₹ 2130 offers a prudent approach to capturing the anticipated upside. 3. One 97 Communications Ltd.—Dongre recommends buying One 97 Communications or PAYTM, at around ₹ 1075 keeping the stop loss at ₹ 1050 for a target price of ₹ 1120 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1075 and maintaining strong support at ₹ 1050. The technical setup indicates the potential for a price retracement towards the ₹ 1120 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 ₹ 1050 offers a prudent approach to capturing the anticipated upside. 6. Lloyds Engineering Works Ltd.-Koothupalakkal recommends buying LLOYDS ENGG at around ₹ 73.20 for a target price of ₹ 79, keeping Stop loss at ₹ 71 After the strong pickup from the ₹ 55 zone, the stock has witnessed a short period of correction to take support near the important 50EMA at the ₹ 69 zone and has indicated a bullish candle with decent volume participation to improve the bias, and we can anticipate a further rise in the coming days. The RSI has cooled off significantly from the highly overbought zone and is currently well positioned, indicating a reversal with improving bias, expecting further rise in the coming days. With the chart technically looking attractive, we suggest buying the stock. 7. Graphite India Ltd-Koothupalakkal recommends buying GRAPHITE INDIA at around ₹ 550 for a target price of ₹ 580. keeping Stop loss at ₹ 538 The stock, after correcting to some extent, has taken support near the base of the ascending channel pattern on the daily chart near the 535 level and has indicated a positive candle formation moving past the significant 50EMA at the 548 level to improve the anticipation for further rise in the coming days. The RSI has corrected well and is currently well positioned with improvement visible. With the chart technically looking attractive, we suggest buying the stock . 8. Ideaforge Technology Ltd-Koothupalakkal recommends buying IDEA FORGE at around ₹ 459 for a target price of ₹ 485. keeping Stop loss at ₹ 448 The stock has witnessed a decent erosion from the peak zone of 660 level and has currently arrived near the upper band of the descending channel pattern at the 446 zone with support visible, and with a pullback witnessed, it, it has shown signs of improvement, expecting a further rise in the coming sessions. The RSI has corrected quite significantly and has arrived at the oversold zone with a high probability of a trend reversal, expecting a fresh upward move in the coming days. With the chart technically looking good, we suggest buying the stock. 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
30-07-2025
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US-China trade talks to Trump tariffs
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a muted note on Wednesday, following mixed global market cues. Asian markets traded mixed, while the US stock market ended lower amid cautiousness over US tariffs and Federal Reserve policy. On Tuesday, the Indian stock market ended higher, lifted by fag-end short-covering, with the Nifty 50 closing above 24,800 level. The Sensex gained 446.93 points, or 0.55%, to close at 81,337.95, while the Nifty 50 settled 140.20 points, or 0.57%, higher at 24,821.10. 'We expect the markets to witness selective buying, driven by quarterly results; while broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal,' said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asia markets traded mixed on Wednesday amid uncertainties related to US tariffs. Japan's Nikkei 225 fell 0.17%, while the Topix was flat. South Korea's Kospi gained 0.53%, and the Kosdaq rose 0.42%. Hong Kong's Hang Seng Index futures indicated a weaker opening. Gift Nifty was trading around 24,821 level, a discount of nearly 17 points from the Nifty futures' previous close, indicating a muted start for the Indian stock market indices. US stock market ended lower on Tuesday after some disappointing corporate earnings, while investors awaited a Federal Reserve policy. The Dow Jones Industrial Average declined 204.57 points, or 0.46%, to 44,632.99, while the S&P 500 fell 18.91 points, or 0.30%, to 6,370.86. The Nasdaq Composite closed 80.29 points, or 0.38%, lower at 21,098.29. United Parcel Service shares plunged 10.6%. Whirlpool share price plummeted 13.4%, UnitedHealth stock price stumbled 7.5%, Boeing shares declined 4.4% and Merck stock dropped 1.7%. US and Chinese officials agreed to seek an extension of their 90-day tariff truce, following two days of talks in Stockholm. No major breakthroughs were announced, and US officials said it was up to President Donald Trump to decide whether to extend a truce that expires on August 12. US President Donald Trump said that India could face tariff rates as high as 25% on its exports to the United States, but emphasised that a final decision had not yet been made. 'I think so,' Trump responded when asked by reporters aboard Air Force One if the US would impose a 20–25% tariff rate on Indian goods. Gold prices steadied ahead of the Federal Reserve's policy statement later in the day for cues into future rate cuts. Spot gold price was steady at $3,329.19 per ounce, while US gold futures rose 0.1% to $3,327.70. The dollar index, which measures the US currency against six others, at 98.815, hovering near a one-month high. The euro was 0.12% higher at $1.1558, and Sterling was at $1.3358. The offshore yuan was little changed at 7.178 per US dollar, while the Japanese yen firmed a bit to 148.20 per dollar. Crude oil prices held the biggest gain in six weeks after US President Donald Trump reiterated he may impose additional economic penalties on Russia unless a truce is reached with Ukraine. Brent crude oil rose 0.12% to $72.60 a barrel, after closing 3.5% higher in the previous session, while the US West Texas Intermediate (WTI) crude futures were flat at $69.20. (With inputs from Reuters) 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.
