Latest news with #SiddharthaKhemka
Mint
12 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 4 June 2025
Stocks to buy under ₹ 100: Despite a gap-up opening, the Indian stock market ended lower for the third straight session on Tuesday. The Nifty 50 index ended 174 points lower at 24,542. The BSE Sensex nosedived 636 points and closed at 80,737, while the Bank Nifty index finished 303 points lower at 55,599. Oil & Gas was the worst-performing index, and Nifty Realty was the best-performing index. The Nifty Realty index added 1% amid hopes of a rate cut by the Reserve Bank of India in its upcoming policy review. The Nifty Smallcap100 index showcased its outperformance relative to the benchmark by rising 0.10%. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "With the Q4 earnings season largely behind us, markets are expected to remain in a consolidation phase as participants shift focus to key macro trends and global cues." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed resistance near the 24,800 zone in the morning session and succumbed to profit booking as the day progressed on the back of weak global cues to witness profit booking and closed near the important support zone at 24,500 level. The index needs to sustain above the 24,500 zone, failing which the bias would turn slightly weak, and thereafter, the significant 200-period MA at the 24,050 zone would be the next major support position. The sentiment would be maintained cautiously with the geo-political tensions looming around again." "The Bank Nifty index fizzled out the positive development witnessed in the last session and has been gripped inside the tight range of 55800 and 54500 levels with overall bias remaining positive. As mentioned earlier, the index needs to sustain above the crucial support of the 54500 level to maintain the overall bias intact and would need a decisive breach above the 55800 level to break through above the tight range and expect a fresh upward move in the coming days," said Shiju Kuthupalakkal of Prabhudas Lilladher. 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 and Securities, recommended buying these four intraday stocks under ₹ 100: Medico Remedies, Jain Irrigation Systems, Sterlite Technologies, and Nova Agritech. 1] Medico Remedies: Buy at ₹ 52, Target ₹ 58, Stop Loss ₹ 49; and 2] Jain Irrigation Systems: Buy at ₹ 60, Target ₹ 65, Stop Loss ₹ 58. 3] Sterlite Technologies: Buy at ₹ 72, Targets ₹ 75.50, ₹ 78.80, Stop Loss ₹ 70. 4] Nova Agritech: Buy at ₹ 51.40, Target ₹ 55, Stop Loss ₹ 50.
Mint
13 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 4 June 2025
Stocks to buy under ₹ 100: Despite a gap-up opening, the Indian stock market ended lower for the third straight session on Tuesday. The Nifty 50 index ended 174 points lower at 24,542. The BSE Sensex nosedived 636 points and closed at 80,737, while the Bank Nifty index finished 303 points lower at 55,599. Oil & Gas was the worst-performing index, and Nifty Realty was the best-performing index. The Nifty Realty index added 1% amid hopes of a rate cut by the Reserve Bank of India in its upcoming policy review. The Nifty Smallcap100 index showcased its outperformance relative to the benchmark by rising 0.10%. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "With the Q4 earnings season largely behind us, markets are expected to remain in a consolidation phase as participants shift focus to key macro trends and global cues." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed resistance near the 24,800 zone in the morning session and succumbed to profit booking as the day progressed on the back of weak global cues to witness profit booking and closed near the important support zone at 24,500 level. The index needs to sustain above the 24,500 zone, failing which the bias would turn slightly weak, and thereafter, the significant 200-period MA at the 24,050 zone would be the next major support position. The sentiment would be maintained cautiously with the geo-political tensions looming around again." "The Bank Nifty index fizzled out the positive development witnessed in the last session and has been gripped inside the tight range of 55800 and 54500 levels with overall bias remaining positive. As mentioned earlier, the index needs to sustain above the crucial support of the 54500 level to maintain the overall bias intact and would need a decisive breach above the 55800 level to break through above the tight range and expect a fresh upward move in the coming days," said Shiju Kuthupalakkal of Prabhudas Lilladher. 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 and Securities, recommended buying these four intraday stocks under ₹ 100: Medico Remedies, Jain Irrigation Systems, Sterlite Technologies, and Nova Agritech. 1] Medico Remedies: Buy at ₹ 52, Target ₹ 58, Stop Loss ₹ 49; and 2] Jain Irrigation Systems: Buy at ₹ 60, Target ₹ 65, Stop Loss ₹ 58. 3] Sterlite Technologies: Buy at ₹ 72, Targets ₹ 75.50, ₹ 78.80, Stop Loss ₹ 70. 4] Nova Agritech: Buy at ₹ 51.40, Target ₹ 55, Stop Loss ₹ 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.
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Business Standard
a day ago
- Business
- Business Standard
Benchmarks extend losses for third session in a row; Sensex down 636.24 pts
Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Tuesday, weighed down by a widespread selloff amid foreign fund outflows and growing geopolitical uncertainties. Domestic markets fell for the third straight session as investors offloaded energy, finance, and IT stocks, traders said. In a volatile trading session, the 30-share BSE index dipped 636.24 points or 0.78 per cent to settle at 80,737.51. The NSE Nifty plunged 174.1 points or 0.7 per cent to settle at 24,542.50. As many as 2,266 stocks declined, while 1,731 advanced and 147 remained unchanged on the BSE. On Tuesday, Foreign Portfolio Investors (FPIs) were the net sellers to the tune of ₹2,854 crore, while domestic institutional investors (DIIs) bought shares worth ₹5,908 crore. FPIs turned net sellers in June after making their largest net purchase of ₹19,860 crore in May, the highest in eight months. ICICI Bank and HDFC Bank were the biggest contributors to the Sensex decline, falling 0.9 per cent and 0.4 per cent respectively. Both stocks have significant FPI ownership. The FPI selling came as the OECD slashed its global economic growth forecasts for the second time this year, citing US trade policies. The Paris-based organisation stated that trade barriers are eroding confidence, hindering investments, and exacerbating inflationary pressures. Adani stocks decline Shares of Adani group companies declined following a news report alleging that US prosecutors were investigating whether Adani entities had imported Iranian LPG into India via their Mundra port. The report highlighted that tankers travelling between the Gulf and Mundra port allegedly exhibited traits common to ships evading sanctions. The US Justice Department was reportedly reviewing the activities of several LPG tankers used to ship cargoes to Adani Enterprises. The Adani group dismissed the report as baseless and mischievous, stating they were unaware of any investigation by US authorities. Adani Ports saw the largest decline among Adani stocks, falling 2.4 per cent. 'Optimism over a potential RBI rate cut was offset by global concerns around trade tariffs and rising geopolitical tensions. Attention is likely to shift towards monsoon-linked themes and interest rate-sensitive sectors, such as PSU banks and real estate, amid hopes that monetary easing will support economic momentum. With the Q4 earnings season largely behind us, markets are expected to remain in a consolidation phase as participants shift focus to key macro trends and global cues,' said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services. Twelve of the thirteen major sectors logged losses. 'The domestic market remained in negative territory amid mixed global cues, geopolitical issues, and a volatile currency market led by a weak US dollar. Profit booking was evident across sectors, except for real estate stocks, which were supported by expectations of an interest rate cut by the RBI," said Vinod Nair, head of research, Geojit Financial Services. "Mid- and small-cap stocks are experiencing relatively less consolidation than large caps due to better earnings growth and moderation in premium valuation. While short-term consolidation is likely to persist, strong domestic-oriented players are estimated to outperform against external volatility,' Nair added.
Mint
2 days ago
- Business
- Mint
Stock to buy under ₹100: Experts recommend six shares to buy today — 3 June 2025
Stock to buy under ₹ 100: After opening lower in the early morning session, the Indian stock market showed resilience and steadily recovered on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "The Indian market is expected to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI rate cut." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. As mentioned earlier, the near-term support shall be maintained near the 54,500 zone, which needs to be sustained as of now," said Shiju Kuthupalakkal. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today: Indian Overseas Bank, OLA Electric, Yes Bank, TTML, PSB, and Sigachi Industries. 1] Indian Overseas Bank: Buy at ₹ 42, Target ₹ 50, Stop Loss ₹ 38. 2] OLA Electric: Buy at ₹ 52.70 to ₹ 53.70, Targets ₹ 55, ₹ 56.50, ₹ 58; 3] Yes Bank: Buy at ₹ 22.80 to ₹ 23.30, Targets ₹ 23.90, ₹ 24.50, ₹ 26, Stop Loss ₹ 21.80; and 4] TTML: Buy at ₹ 72 to ₹ 73.50, Targets ₹ 75.50, ₹ 78, ₹ 80, Stop Loss ₹ 70.80. 5] PSB or Punjab & Sind Bank: Buy at ₹ 32.90, Target ₹ 37.50, Stop Loss ₹ 35.50. 6] Sigachi Industries: Buy at ₹ 53.50, Target ₹ 60, Stop Loss ₹ 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
2 days ago
- Business
- Mint
Stock to buy under ₹100: Experts recommend six shares to buy today — 3 June 2025
Stock to buy under ₹ 100: After opening lower in the early morning session, the Indian stock market showed resilience and steadily recovered on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "The Indian market is expected to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI rate cut." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. As mentioned earlier, the near-term support shall be maintained near the 54,500 zone, which needs to be sustained as of now," said Shiju Kuthupalakkal. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today: Indian Overseas Bank, OLA Electric, Yes Bank, TTML, PSB, and Sigachi Industries. 1] Indian Overseas Bank: Buy at ₹ 42, Target ₹ 50, Stop Loss ₹ 38. 2] OLA Electric: Buy at ₹ 52.70 to ₹ 53.70, Targets ₹ 55, ₹ 56.50, ₹ 58; 3] Yes Bank: Buy at ₹ 22.80 to ₹ 23.30, Targets ₹ 23.90, ₹ 24.50, ₹ 26, Stop Loss ₹ 21.80; and 4] TTML: Buy at ₹ 72 to ₹ 73.50, Targets ₹ 75.50, ₹ 78, ₹ 80, Stop Loss ₹ 70.80. 5] PSB or Punjab & Sind Bank: Buy at ₹ 32.90, Target ₹ 37.50, Stop Loss ₹ 35.50. 6] Sigachi Industries: Buy at ₹ 53.50, Target ₹ 60, Stop Loss ₹ 50.
