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Time of India
11 hours ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for June 20, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, Paras Defence and Space Technologies, and Thirumalai Chemicals are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for June 20, 2025: Index View: NIFTY Investor sentiment remains fragile amid intensifying geopolitical tensions in the Middle East, which have catalyzed a rally in Brent crude prices. This presents a significant macroeconomic overhang for India, given its substantial reliance on crude imports, thereby casting a shadow over forward earnings visibility for India Inc. Meanwhile, the US Federal Reserve, in its recent policy review, maintained the federal funds rate within the target range of 4.25%–4.50%, aligning with market consensus. The Fed reiterated its forward guidance for 2025, signaling a data-dependent stance with no imminent pivot in sight. On the domestic front, the benchmark index continues to exhibit a phase of time-wise correction, consolidating within a well-demarcated range of 24,400–25,200 for the fifth successive week. The price action suggests a lack of directional conviction, indicative of a range-bound market structure. On the upside, 25,000 remains a critical supply zone. A sustained breakout and close above this resistance threshold could trigger momentum-driven upside towards the upper boundary of the consolidation band at 25,200. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sunteck Sky Park, Mira Road - 2 & 3 BHK @ ₹1.33 Cr* Sunteck Sky Park Learn More Undo However, failure to absorb supply at this level may extend the prevailing sideways trajectory. On the downside, immediate support is situated at 24,700. A decisive breach below this inflection point could intensify selling pressure, potentially dragging the index towards the lower end of the consolidation band in the 24,500–24,400 range. Key support is anchored in the 24,500–24,400 zone, which marks a confluence of the 50-day EMA and the lower boundary of the five-week consolidation range, making it a crucial demand zone for the index. Only a breach below the lower band amid further escalation of geopolitical tension will signal acceleration of the decline towards 24,000 levels. NIFTY BANK Bank Nifty continues to consolidate in a range as investors remain on the edge amid intensifying geopolitical tensions in the Middle East. From a structural standpoint, a sustained breakout and close above the 56,000 psychological marks would be essential to unlock further upside potential, with the index likely to gravitate towards the 56,600–57,000 resistance zone. However, failure to clear this overhead supply zone could result in continued range-bound action, with price oscillating between 56,000 and 55,000, shifting market attention to stock-specific alpha generation. On the flip side, a decisive break down below the 55,000 levels would negate the ongoing consolidation structure and trigger a corrective move towards the critical support cluster at 54,500–54,000. This zone represents a confluence of the 50-day Exponential Moving Average (EMA) and the key Fibonacci retracement zone of the prior impulse leg (53,483–57,049). Stock Recommendations: Paras Defence and Space Technologies Buy in the range of Rs 1610-1645 Target SL Return Time Period Rs 1790 1528 10% 3 Months The stock is at the cusp of breaking above the falling trendline joining the highs of May and June 2025 signaling resumption of up move and offers fresh entry opportunity. The stock is currently seen rebounding after a base formation above the 20 days EMA signaling overall positive bias. The daily 14 periods RSI has generated a buy signal moving above its nine periods average thus validating positive bias. We expect the stock to head higher towards 1790 levels in the coming months being the 61.8% retracement of the previous decline (1945-1540). Thirumalai Chemicals Buy in the range of Rs 286-294 Target SL Return Time Period Rs 319 272 10% 3 Months The stock has recently generated a breakout above a rounding formation and is seen sustaining above the short- and medium-term moving averages thus supports the positive bias. The daily MACD is in uptrend and is seen sustaining above its nine periods average signaling positive bias. We expect the stock to head towards 319 levels in the coming months being the 61.8% retracement of the entire decline (395-201). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Recorder
a day ago
- Business
- Business Recorder
Indian shares set for weak start on Middle East turmoil, hawkish Fed
India's equity benchmarks are set to open lower on Thursday, pressured by hawkish signals from the U.S. Federal Reserve and persistent geopolitical turmoil in the Middle East. The Gift Nifty futures were trading at 24,768, as of 7:33 a.m. IST, indicating that the Nifty 50 will open below the previous close of 24,812.05. Broader Asian markets declined, with the MSCI Asia ex-Japan index slipping 0.8%. On Wall Street, U.S. equities closed largely unchanged after the Fed left interest rates steady but signalled a slower path for rate cuts, projecting two reductions by year-end. Fed Chair Jerome Powell also noted that goods inflation could accelerate over the summer, partly driven by tariffs linked to U.S. President Donald Trump's trade policies. A slower pace of monetary easing is likely to curb foreign investors' appetite for riskier emerging market assets such as Indian equities. Geopolitical risks remain front and center. The Israel-Iran conflict stretched into a seventh day, with Iranian Supreme Leader Ayatollah Ali Khamenei rejecting Trump's demand for unconditional surrender. In response, Trump said his patience had run out and warned of unpredictable consequences. 'Indian market continues to wrestle with macro headwinds —rising crude prices, sticky inflation, and geopolitical flashpoints — all of which cloud earnings visibility,' Bajaj Broking Research wrote in a note. India's equity benchmarks snap two-day losing streak Both the Nifty and Sensex indexes fell in the last two sessions, but the losses were marginal. Domestic institutional investors purchased Indian shares for the 22nd straight session on Wednesday, buying stock worth 10.91 billion rupees ($126.26 million), and helping cushion volatility from foreign flows.
Time of India
13-06-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for June 13, 2025
Stock market recommendations: According to Bajaj Broking Research, Sterling and Wilson Renewable Energy, and Prince Pipes and Fittings are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for June 13, 2025: Index View: Nifty Nifty traded in a 170 points range in the first three sessions of the current week. Tired of too many ads? go ad free now However, sharp decline in Thursday's session saw the index breach the 25,000 levels on the weekly expiry session and closed at 24888 levels. The Nifty has strong support in the range of 24,600–24,700 zone, which coincides with the confluence of the 20-day EMA and the rising trendline connecting the previous two significant swing lows. Sustaining above this support band would likely set the stage for a continuation of the uptrend towards immediate resistance levels at 25,300 and 25,500 in the near term. Importantly, the index has posted an impressive 16% rally from its April lows. Following this, it underwent a healthy consolidation phase with a mild 3% retracement before resuming its upward trajectory. This pattern of extended rallies followed by shallow corrections is characteristic of a structurally strong bull market, suggesting the potential for further upside. Any intermediate dips from current levels should be viewed as incremental buying opportunities. Market internals continue to exhibit strength, particularly in the broader indices. Outperformance is evident in the relative strength ratio of the Nifty 500 versus the Nifty 100, which has been on a steady upward trajectory. Furthermore, market breadth remains robust, with approximately 62% of stocks within the Nifty Midcap 100 and Nifty Small cap 100 trading above their 200-day Simple Moving Averages—a technical indicator that bodes well for the sustainability and depth of the ongoing uptrend. Tired of too many ads? go ad free now NIFTY BANK Bank Nifty post breakdown above the recent 5 weeks broader consolidation range (56,000-53,500) on last Friday has rallied to a fresh all time high of 57049 on Monday's session. However, profit booking at higher levels saw the index gave up its gains and closed Thursday session around 56082 levels. The index is currently trading above its short- and long-term moving averages signaling overall positive bias. The last four sessions profit booking have helped the index to cool off the overbought condition. We expect the index to hold above the support area of 55,200-55,500 and head higher towards 57,000 and 57,700 levels in the coming weeks. Stock Recommendations: Sterling and Wilson Renewable Energy (SWSOLAR) Buy in the range of Rs 325-331 Target SL Return Time Period Rs 363 309 10% 3 Months The stock is seen breaking above the last two months consolidation pattern with strong volume signaling resumption of up move and offers fresh entry opportunity. The daily 14 periods RSI is in up trend and is seen sustaining above its nine periods average thus validating positive bias. We expect the stock to head towards 363 levels being the 138.2% external retracement of the previous decline (333-244). Prince Pipes and Fittings Buy in the range of Rs 345-352 Target SL Return Time Period Rs 383 328 10% 3 Months The stock has recently generated a breakout above a bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity. The daily MACD is in uptrend and is seen sustaining above its nine periods average signaling positive bias. We expect the stock to head towards 383 levels in the coming weeks being the presence of the 200 days EMA. Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
New Indian Express
12-06-2025
- Business
- New Indian Express
Sensex and Nifty slide 1 per cent, investors' wealth erodes by Rs 6 lakh crore
Indian stock market fell sharply on Thursday with the benchmarks -NSE Nifty and BSE Sensex - sliding 1% each. At close, the Sensex stood at the 81,691.98 level, falling 823.16 points, or 1%, while the NIFTY50 index settled at the 24,888.20 level, sliding 253.20 points, or 1.01%. The sell-off is attributed to rising geopolitical tensions in the Middle East and investors turning cautious ahead of the U.S. inflation data. 'The downturn was attributed to intensified profit-booking and risk-off sentiment, as escalating geopolitical tensions in the Middle East overshadowed positive macro cues such as softening inflation and encouraging trade data. Investor mood remained cautious ahead of further developments on the US-China trade front, adding to market uncertainty,' said Bajaj Broking Research. The broader markets underperformed, with the Nifty Midcap 100 and Smallcap 100 indices falling 1.6% and 1.78%, respectively, highlighting heightened selling pressure. Sectoral performance was uniformly weak, with all major indices closing in the red. Nifty Realty and Nifty Energy led the decline, shedding 2% and 2.04%, respectively. Investors lost Rs 6 lakh crore on Thursday as the overall market capitalisation of firms listed on the BSE dropped to nearly Rs 449.6 lakh crore from about Rs 455.6 lakh crore in the previous session. Vinod Nair, Head of Research, Geojit Investments said that valuation concerns and rising oil prices—driven by Middle East tensions, are fuelling risk aversion among investors. He added that adding to the uncertainty, the U.S. is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline. Pranay Aggarwal, Director and CEO of Stoxkart said that weak global cues, particularly concerns around sticky US inflation data and the possibility of delayed interest rate cuts by the Federal Reserve, weighed heavily on investor sentiment. Domestically, markets saw profit booking across the board following the recent post-election rally. Key sectors such as banking, IT, and FMCG came under significant pressure, dragging the indices lower. 'Looking ahead, market participants are likely to remain cautious in the near term as they await clarity on global monetary policy direction and domestic macroeconomic data,' added Aggarwal. In the Nifty50 pack, 43 stocks declined while only 7 advanced on Thursday. Tata Motors was the top loser, falling 2.98%, followed by Titan (-2.62%), Trent (-2.62%), Shriram Finance (-2.57%) and Coal India (-2.51%). Meanwhile, gold is witnessing a fresh leg of safe-haven buying, amid escalating geopolitical and economic risks. Gold prices jumped Rs 850 to Rs 99,340 per 10 grams in the national capital on Thursday, according to the All India Sarafa Association. The yellow metal of 99.5% purity climbed Rs 800 to Rs 98,800 per 10 grams (inclusive of all taxes).
Business Recorder
10-06-2025
- Business
- Business Recorder
Indian shares set to open higher on trade optimism, RBI policy support
India's benchmark indexes are poised to open higher on Tuesday, buoyed by optimism around US-China trade talks and domestic policy support. The Gift Nifty futures were trading at 25,247 as of 7:59 a.m. IST, indicating that the Nifty 50 will open above Monday's close of 25,103.20. The benchmark has risen 2.3% in four sessions and logged its highest close for 2025 on Monday. 'Markets are continuing their upward momentum, buoyed by supportive domestic monetary policy and favourable global cues,' Bajaj Broking Research analysts said in a note. Indian shares open higher on global tailwinds, RBI policy support Other Asian markets opened higher, with the MSCI Asia ex-Japan index gaining 0.5%. Wall Street equities closed mostly higher overnight and the US dollar retreated as US-China talks began in London, aimed at mending a trade dispute that has rattled financial markets for much of the year. US President Donald Trump said he was getting good reports on progress in trade negotiations. Expectations of cooling global trade tensions and bumper monetary policy support from the Reserve Bank of India have aided a rally, two analysts said. This was reflected in the market as both foreign portfolio investors (FPI) and domestic institutional investors (DII) remained net buyers of Indian shares on Monday, with net inflows of 19.93 billion rupees ($232.7 million) and 35.04 billion rupees, respectively.
