Buy or sell: Vaishali Parekh recommends three stocks to buy today — 30 July 2025
The BSE Sensex index closed 0.55% higher at 81,337.95 points, compared to 80,891.02 points at the previous stock market session.
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said the Nifty 50 index witnessed a strong recovery from the 24,600-point zone with steady gains and ended on a quite optimistic note. The index is expected to rise further in the upcoming stock market sessions.
Vaishali Parekh recommended three buy-or-sell stocks for Wednesday: HFCL, Rashtriya Chemicals and Fertilizers (RCF), and Navkar Corporation.
On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, 'Nifty witnessed a strong recovery from the 24,600 zone during the intraday session with a steady gain as the day progressed and ended on a quite optimistic note above 24,800 level to expect for further rise in the coming sessions.'
'A decisive close above the 25,000 zone would be important for the index which can boost the sentiment and anticipate for next target of 25,300 level with currently having 24,500 level as the major and crucial support which needs to be sustained, as mentioned earlier,' said the stock market expert.
'Bank Nifty, sustained the 55,900 zone and indicated a small pullback to end above the 56,000 level with bias still maintained intact and once again would need a decent revival to break past the important hurdle at 57,400 zone to trigger for fresh upward move in the coming days. The index would need to sustain the crucial support zone near the 50EMA level at 56,000 zone with the frontline banking stocks like HDFC Bank and ICICI Bank standing firm and their progress shall decide the further directional move of the index in the coming days,' said Parekh.
Parekh said that the Nifty 50 Spot for today has support at 24,700 points and resistance at 25,000 points. The Bank Nifty index would have a daily range of 55,700 to 56,800.
1. HFCL Ltd (HFCL): Buy at ₹ 78; Target Price at ₹ 82; Stop Loss at ₹ 76.
2. Rashtriya Chemicals and Fertilizers Ltd (RCF): Buy at ₹ 152; Target Price at ₹ 160; Stop Loss at ₹ 148.
3. Navkar Corporation Ltd (NAVKARCORP): Buy at ₹ 130; Target Price at ₹ 155; Stop Loss at ₹ 126.
Read all stories by Anubhav Mukherjee
Disclaimer: This story is for educational purposes only. 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
6 minutes ago
- First Post
Trump's ‘penalty' tariff threat: How much Russian oil does India buy? What are the other alternatives?
Donald Trump's threat of a 'penalty' tariff on India for buying Russian crude oil looms large as New Delhi and Washington try to reach a trade deal. Russia accounted for a mere 0.2 per cent of India's imports of crude oil before the Ukraine war began in February 2022. Today, the South Asian country is among the top buyers of Russian oil. But how did this happen? read more A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia, July 14, 2025. File Photo/Reuters United States President Donald Trump has increased pressure on India to reach a bilateral trade deal by imposing 25 per cent tariffs on Indian imports. Compared to India, more than 50 countries have lower levies, including Pakistan and Bangladesh at 19 per cent and 20 per cent, respectively. On Wednesday (July 30), Trump announced 25 per cent tariffs on goods imported from India from August 1 and threatened a 'penalty' tariff for buying Russian crude oil. In another scathing attack, the US president said that India and Russia could 'take their dead economies down together.' STORY CONTINUES BELOW THIS AD As Trump goes after New Delhi for its trade with Moscow, particularly crude, can India give up Russian oil? Let's take a closer look. How much Russian oil does India buy? India's oil purchases from Russia have seen a hike since Moscow invaded Ukraine in February 2022. In fact, China and India are the top two buyers of Russian oil. Before the Ukraine invasion in early 2022, Russia accounted for a mere 0.2 per cent of India's imports of crude oil. India purchased 68,000 barrels per day of crude oil from Russia in January 2022, PTI reported, citing global real-time data and analytics provider Kpler. By June 2022, Russia replaced Iraq to become India's top oil supplier. Moscow supplied 1.12 million barrels per day (bpd) to India, compared to 993,000 bpd from Iraq and 695,000 bpd from Saudi Arabia. The turnabout came as the West sanctioned Russia over its war in Ukraine. This led Moscow to cut crude prices, with discounts reaching $40 per barrel at one point. India ramped up its purchase of discounted crude oil from Russia. In May 2023, Russian oil imports peaked at 2.15 million bpd. A man stands at an Indian Oil fuel station in Sonipat, March 5, 2025. India's oil purchase from Russia has increased in the past three years. File Photo/Reuters India's import of crude oil from Russia has not fallen below 1.4 million bpd. While prices have varied, New Delhi has since bought Russian oil worth approximately $275 billion each year, as per a New York Times (NYT) report. STORY CONTINUES BELOW THIS AD Since the Western sanctions on Russian oil, China has purchased 47 per cent of Russia's crude exports, followed by India (38 per cent), the European Union (six per cent), and Turkiye (six per cent), according to the Centre for Research on Energy and Clean Air (CREA) analysis. Last month, India's crude oil imports from Russia rose to an 11-month high of about 2.08 million barrels per day. 'In June, India remained the second-largest purchaser of Russian fossil fuels, importing fossil fuels worth 4.5 billion euros. Crude oil accounted for 80 per cent (3.6 billion euros) of these imports,' as per the CREA data, reported by CNBC-TV18. The oil companies in India refined some of their imported crude oil for domestic consumption, while the rest was exported as diesel and other products, including to Europe. The cheap Russian oil helped India keep inflation in check and the economy stable amid growing geopolitical tensions. India has maintained a neutral stance in Russia's war with Ukraine. It has also defended its trade with Moscow, citing historical ties and energy needs. STORY CONTINUES BELOW THIS AD Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has also repeatedly stated that global oil prices would have significantly spiked if India had not purchased Russian oil. Can India cease buying Russian oil? As Trump presses New Delhi, Indian state refiners have stopped buying Russian oil in the past week, industry sources told Reuters. On July 14, Trump had threatened 100 per cent tariffs on countries buying Russian oil unless Moscow reached a peace deal with Ukraine. Puri previously asserted that India was not perturbed by the US president's threat, as oil markets remain well supplied. 'Russia is 10 per cent of global production. We have the analysis that if Russia were not included, the prices would have gone to $130 a barrel. Even Turkey, China, Brazil and even the EU have bought oil and gas from Russia,' the minister said. Puri also warned an uptick in oil prices if Russian crude was shunned. 'There are two possibilities: one, the whole world consumes 10 per cent less — which means some people won't get heating in winter; some won't get air conditioning in summer; some of the transport will stop flying. Or, you start buying more from the remaining 90 per cent (suppliers). You know what that would do to prices? The prices would skyrocket,' he said. STORY CONTINUES BELOW THIS AD If Trump goes through with his threat of a 'penalty' tariff, it would become difficult for India to continue buying Russian oil, the discount on which has decreased. In such a case, Indian refiners will have to return to their traditional crude suppliers in West Asia and seek new ones such as Brazil. However, these new barrels would bear a higher cost, ranging around $4-5/barrel, as per an Economic Times report. India has also enhanced its crude imports from the US. However, it is not easy for the South Asian country to ditch Russian oil, partly because its refineries are configured for Russia's denser and more sulfurous fuel, reported NYT. 'The pivot away from Russia — if forced — will be costly, complex and politically fraught,' Kpler wrote in a note this week. With inputs from agencies
India.com
6 minutes ago
- India.com
Tariff tension with US hits Indian companies, decides to pause oil import from Russia due to...
Tariff tension with US hits Indian companies, decides to pause oil import from Russia due to... Trump Tariff Woes: As Donald Trump's tariffs are haunting several countries, Indian oil refineries are also feeling the heat. Oil refineries such as Indian Oil Corporation, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, and Mangalore Refinery and Petrochemicals have temporarily halted purchases of crude oil from Russia. Notably, India is the biggest buyer of seaborne Russian crude oil. The country ranks third in the world in terms of oil imports. According to reports, Indian refiners have turned to the Middle East and Africa to purchase oil. Indian Refiners Quietly Pulling Back On Russian Oil As per a report by Reuters, citing sources, stated that the state-owned refineries have not imported oil from Russia since last week. However, no response has come from the companies regarding the development. It is to be noted that four state-owned refiners – IOC, BPCL, HPCL, MRPL – buy Russian oil in bulk but no purchase has been done since last week, Reuters report said, citing sources. As the supply of crude oil have impacted, these refiners are now looking at the spot market to fulfil their demands. These refiners are now buying crude oil from West Asia and West African oil. This occurs as the price reductions on Russian oil have decilned, alongside President Donald Trump's caution to nations regarding the acquisition of oil from Moscow. The report states that Indian refiners are distancing themselves from Moscow's crude oil due to shrinking discounts. The price reductions on Russian crude oil have decreased to their lowest levels since 2022, attributed to reduced exports and consistent demand. Private Refiners Still Importing Russian Crude Oil Meanwhile, the private players of the country are still importing the crude oil from Moscow as per their annual agreement with the country. Notably, the discounted rates at which India was buying crude from Moscow since 2022 has declined. Recently, US President Donald Trump has issued a warning that India could face a 100 percent tariff for buying crude oil from Russia. Starting August 1, he's already set a 25 percent tariff on Indian goods as part of a broader move affecting more than 90 countries. It is expected that Trump may hit New Delhi with more penalties over its oil trade with Russia.
Mint
6 minutes ago
- Mint
Corporate bond market records robust growth, poised for another strong year
The Indian corporate bond market has been in an upward trajectory, recording a healthy 13.42% year-on-year (YoY) growth in FY24-25. As per SEBI data, the market stood at ₹ 47.29 lakh crore ($ 567 billion) at the end of FY23-24, as against ₹ 53.63 lakh crore as of FY24-25, reflecting deepening participation amid evolving macroeconomic conditions. Like bonds issued by the government, corporate bonds are debt securities issued by a company or a corporation to raise funds from the market to meet various needs. Since these bonds are riskier than government bonds, they carry a higher return. A breakdown of the corporate bond market shows significant participation from the private sector players. According to data shared by India Bonds, barring non-bank and non-PSU segments, the private sector accounted for 45.12% of the entire corporate bond market. Meanwhile, the non-banking financial companies (NBFCs) — both public and private — comprised 29% of total outstanding bonds, the data showed. Breakdown of India's corporate bond market The financial sector as a whole, including banks, NBFCs, and housing finance companies (HFCs), comprised 51% of the outstanding corporate bond market. The non-financial sector, excluding the companies operating in the above-mentioned sector, accounted for the remaining 49%, reflecting a relatively balanced participation from both financial and non-financial entities. Looking ahead into FY25-26, India Bonds said the market shows signs of another strong year. In FY25-26, we have already seen record issuances in bond markets by companies, it said. Further, it added that going ahead, India Bonds sees a very healthy growth once again of the corporate bond markets, led by new investors coming in through Online Bond Platforms, uncertainty in the equity markets and a reducing interest rate cycle. Disclaimer: This story is for educational purposes only. 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.
