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Mint
15 hours ago
- Business
- Mint
Tata Motors to Titan - Prashanth Tapse suggests stocks to buy in the short term
Stock market today: On Friday, June 20, Indian stock market indices, the Sensex and the Nifty 50, recorded significant gains during intraday trading, despite heightened tensions between Israel and Iran. The Sensex started at 81,354.85 compared to its previous close of 81,361.87 and surged over 800 points, or 1%, reaching an intraday peak of 82,186.37. Meanwhile, the Nifty 50 commenced at 24,787.65 against its prior close of 24,793.25 and also climbed 1% to achieve an intraday high of 25,040.45. The rise was widespread, as the BSE Midcap and Smallcap indices each increased by more than half a percent during the session. The Indian stock market is experiencing strong buying interest across various segments. Several factors appear to be driving the stock market surge, including short covering following a recent decline, a drop in crude oil prices, and purchases by foreign portfolio investors (FPIs), according experts. Nifty 50 witnessed a sharp decline amid a spike in global volatility and escalating tensions in the Middle East. The index has slipped below the 25,000 mark, with crucial support now placed at 24,700 and 24,600. A gap-down opening or continued weakness may lead to a retest of these zones. Traders are advised to stay cautious and avoid aggressive longs until the index stabilizes. Watch for signs of reversal near key supports before re-entering. Bank Nifty breached the 56,000 mark, signaling weakness and potential downside. A further dip below 55,900 could trigger a fall toward the 55,500–55,400 zone. While the broader structure remains in a range, volatility could lead to intraday swings. Traders are advised to avoid fresh longs and adopt a wait-and-watch approach until signs of reversal emerge or volatility cools off. Prashanth Tapse recommends buying these three stocks in the short term - Tata Consumer Products Ltd, Tata Motors Ltd, and Titan Company Ltd. Tata Consumer continues to show relative strength despite overall market weakness. The stock has recently taken support around ₹ 1,060–1,065 and has bounced back with rising volumes. Momentum indicators are favoring bulls, and as long as ₹ 1,040 holds, there is scope for the stock to rally toward ₹ 1,175. Buying on dips near ₹ 1,070–1,075 is advisable. Tata Motors is holding firm near its short-term moving averages and has shown resilience against broader market volatility. The stock has formed a short-term base near ₹ 660 and is attempting to move higher. Momentum remains strong and a move past ₹ 678 could accelerate the rally toward ₹ 700. Ideal for positional traders with risk-managed entries near current levels. Titan remains in a healthy uptrend and has been consolidating near its recent highs. The stock is finding support at ₹ 3,450–3,460 levels and is trading above key moving averages. RSI and MACD are both showing early signs of upward momentum. A close above ₹ 3,500 could lead to a swift move toward ₹ 3,650. Buying on minor dips is advisable with a protective stop at ₹ 3,440. 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.
New Indian Express
16 hours ago
- Business
- New Indian Express
Nifty crosses 25,000, Sensex rises 710 points; all sectors see gains
CHENNAI: Stock markets are trading strong in the mid-morning session on Friday, with the Sensex up by 710 points and the Nifty reclaiming the 25,000 level. Both the BSE Midcap and Smallcap indices have gained around 0.5%. The uptick is being driven by continued buying from foreign institutional investors (FIIs) and domestic institutional investors (DIIs), though overall momentum remains subdued amid ongoing Middle East tensions. Top gainers on the Nifty include M&M, Jio Financial, Bharti Airtel, Power Grid Corp, and Shriram Finance. Meanwhile, Bajaj Auto, Hero MotoCorp, Bajaj Finance, Wipro, and Tech Mahindra are among the top losers. All sectoral indices are in the green, with metals, PSU banks, real estate, and telecom stocks rising between 1% and 2%. Institutional Flows & Sector Trends: FIIs continued their buying streak for a third straight session on June 19, with net inflows of ₹934 crore. DIIs were also net buyers, adding ₹605 crore, lending support to the market. Financials led intraday gains (+0.5% to 0.8%), especially power-financing firms and state-owned banks, buoyed by the RBI's easing of infrastructure funding norms, effective October. Defensive sectors like FMCG, pharma, and IT remain in favor amid prevailing uncertainty. Market Expectations and Analyst Forecasts: The Nifty is encountering resistance near the 25,000 mark, struggling to hold above it, with sell-offs seen at each attempt.
Mint
a day ago
- Business
- Mint
Best stocks to buy today—recommended by NeoTrader's Raja Venkatraman
The stock markets were unable to trigger any further negative bias on Thursday. Investors, however, should continue to participate, although in a limited fashion. The markets were not able to sustain the intraday decline yesterday, hinting at possible breakout of resistance zones. Here are two stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Friday, 20 June. Best stocks to buy today BODALCHEM: Buy above: ₹68 | Stop: ₹64.50 | Target: ₹74-78 LTFOODS: Buy aboveL ₹426 | Stop: ₹410 | Target: ₹475-495 The stock market on Thursday On June 19, Indian stocks closed slightly lower in a choppy session, with the Nifty 50 slipping below 24,800 as most sectors—auto being the lone exception—saw selling pressure. The market opened flat-to-negative and spent the day trading in a tight band, buffeted by mixed global cues after the US Federal Reserve held rates steady but warned of higher inflation and slower growth ahead. Mounting geopolitical strains in West Asia further dampened sentiment. By the bell, the Sensex had lost 82.79 points (0.10%) to end at 81,361.87, while the Nifty dropped 18.80 points (0.08%) to finish at 24,793.25. Broader gauges underperformed, with the BSE Midcap and Smallcap indices each sliding over 1.5%. Outlook for trading As the markets remained muted, it tested investor patience but did not give up the lower levels. Over the last one month, the 500-point range has been stifling the market sentiment. However, the trend seen over the last few days highlights that the Nifty 50 managed to hold on and did not give up. On the charts, the doji formation continues to keep investors guessing. Taking cues from options data, we can add that the levels around 24,800 that had steady Put writers have now ensured that the upward possibility gets more wings. With the PCR nearing 0.95 we can expect some trended move today. Stay alert. The trend that is emerging suggests that the dips seen last week managed to hold the support zone and the gap-down opening was covered to ensure that the prices traded above the range area that developed in the last few days. Hence, one should track the trends that are in progress as the upmove needs to continue its way above 25,000 (Nifty Spot) to renew the bullish bias. Momentums on hourly charts are indicating that the prices after settling down seems to have witnessed a resumption of selling pressure. With the gradual and hesitant rise emerging from lower levels we can expect the rise to remain hesitant. For undertaking shorts, we need to see the Nifty move above 24,500, which is the immediate support as per the open interest data. If we witness a 30-minute range breakout on Tuesday we can consider to trade on either side as the trends still remain tentative, where we expect some resistances to kick in. While the trends in the indices are still unclear there is plenty of action as far as the stocks are concerned. Two stocks to trade, recommended by NeoTrader's Raja Venkatraman for 20 June BODALCHEM: Buy above: ₹68 | Stop: ₹64.50 | Target: ₹74-78 LTFOODS: Buy above: ₹426 | Stop: ₹410 | Target: ₹475-495 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
a day ago
- Business
- Hans India
Sensex, Nifty end lower; Mid & Small-caps crash: Should you buy the dip?
Indian stock markets ended on a cautious note on Thursday, June 19, as frontline indices Sensex and Nifty 50 slipped slightly, while mid- and small-cap stocks took a severe beating. The BSE Midcap index tanked 1.64% and the Smallcap index plunged 1.77%, wiping out nearly ₹4 lakh crore in investor wealth in just one session. The Sensex declined by 83 points or 0.10%, to close at 81,361.87, while the Nifty 50 ended 19 points or 0.08% lower at 24,793.25. The sharp correction in the broader market was triggered by escalating geopolitical tensions between Israel and Iran, with US President Donald Trump warning that it might be too late for Iran to negotiate and teasing a major announcement next week. These developments kept investor sentiment fragile. In parallel, the US Federal Reserve kept its policy rate unchanged at 4.25%–4.50%, while painting a worrying picture of persistent inflation and slower growth — raising global stagflation concerns. This particularly impacted Indian software and export-oriented stocks. 'Markets stayed rangebound with a negative tilt as global fears over US involvement in the Middle East weighed heavily. The Fed's signals of sticky inflation also dampened risk appetite,' said Vinod Nair, Head of Research at Geojit Financial Services. Top Gainers on Nifty 50: Tata Consumer: +2.14% Eicher Motors: +1.71% Mahindra & Mahindra: +1.58% Top Losers on Nifty 50: Adani Ports: -2.52% Bajaj Finance: -2.29% Shriram Finance: -2.08% In total, 33 stocks on the Nifty 50 closed in the red. Sectoral Snapshot: Only Nifty Auto ended higher, up 0.52%. All other indices closed in the red: Nifty PSU Bank: -2.04% Nifty Media: -1.91% Nifty Realty: -1.60% Nifty Metal: -1.29% Nifty Bank: -0.45% Financial Services: -0.38% Private Bank Index: -0.30% Investor Wealth Erosion: The total market capitalization of BSE-listed companies fell from ₹446.3 lakh crore to ₹442.5 lakh crore — a single-day erosion of ₹4 lakh crore.
Mint
a day ago
- Business
- Mint
Sensex, Nifty 50 slip; mid, small-caps bleed; investors lose ₹4 lakh crore— 10 key highlights from Indian stock market
Indian stock market benchmarks, the Sensex and the Nifty 50, ended marginally lower, while the mid-cap and small-cap segments suffered deep losses on Thursday, June 19, as escalating tensions between Israel and Iran kept sentiment fragile. The Sensex ended 83 points, or 0.10 per cent, lower at 81,361.87, while the Nifty 50 settled 19 points, or 0.08 per cent, down at 24,793.25. On the other hand, the BSE Midcap index plunged 1.64 per cent and the Smallcap index crashed 1.77 per cent. The overall market capitalisation of BSE-listed firms dropped to nearly ₹ 442.5 lakh crore from ₹ 446.3 lakh crore in the previous session, making investors poorer by about ₹ 4 lakh crore in a single day. Market sentiment remained weak as the risk of Israel-Iran conflict turning into a bigger geopolitical crisis grows. US President Donald Trump has warned that it was too late for Iran to negotiate. Trump also hinted at 'something big' next week. Moreover, the US Fed has revised growth and inflation forecasts of the US, sketching a stagflationary picture of the world's largest economy. The US Federal Reserve left the policy rate unchanged at 4.25 per cent to 4.50 per cent on June 18, reiterating the risks arising from the trade war triggered by President Donald Trump's tariff policies. "The Indian equity index experienced rangebound movement with a negative bias as cautious sentiment spread across the globe, driven by concerns over potential U.S. involvement in the Middle East conflict," said Vinod Nair, Head of Research, Geojit Investments Limited. "Investor mood was further affected by the Fed's decision to keep interest rates unchanged while signalling persistent inflation and slower economic growth, which weighed on software export stocks," Nair said. Shares of Tata Consumer (up 2.14 per cent), Eicher Motors (up 1.71 per cent) and Mahindra & Mahindra (up 1.58 per cent) ended as the top gainers. Adani Ports (down 2.52 per cent), Bajaj Finance (down 2.29 per cent) and Shriram Finance (down 2.08 per cent) ended as the top losers. As many as 33 stocks closed lower in the Nifty index. Barring Nifty Auto (up 0.52 per cent), all sectoral indices ended lower, with Nifty PSU Bank (down 2.04 per cent), Media (down 1.91 per cent), Realty (down 1.60 per cent) and Metal (down 1.29 per cent) losing big. Nifty Bank fell 0.45 per cent, while the Financial Services index dropped 0.38 per cent. The Nifty Private Bank index slipped 0.30 per cent. Vodafone Idea (64.10 crore shares), KBC Global (23.83 crore shares) and GTL Infrastructure (13.66 crore shares) were the most active stocks in terms of volume on the NSE. Aakash Exploration Services (up 20 per cent), Onelife Capital Advisors (up 10 per cent), SPML Infra (up 9.87 per cent), Punjab Chemicals & Crop Protection (up 9.61 per cent) and Aeroflex Industries (up 9.24 per cent) were among the 11 stocks that rose more than 5 per cent on the NSE. Cinevista (down 11.28 per cent) and M K Proteins (down 10.97 per cent) were the two stocks that crashed more than 10 per cent on the NSE. As many as 107 stocks, including Interarch Building Solutions, HCC, Reliance Power, Hindustan Motors and Sigma Solve, hit their lower circuits in intraday trade on the NSE. On the other hand, Jindal Photo, Softtech Engineers and Aakash Exploration Services were among the 46 stocks that hit their upper circuits. The advance-decline ratio tilted heavily towards the decliners. Out of 4,117 stocks traded on the BSE, 959 advanced and 3,018 declined. Some 140 stocks remained unchanged. Vodafone Idea, Protean eGov Technologies and Easy Trip Planners were among the 79 stocks that hit their 52-week lows in intraday trade on the BSE. However, AU Small Finance Bank and Muthoot Finance were among the 73 stocks that hit their 52-week highs during the session. Read all market-related news here Read more stories by Nishant Kumar
