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Economic Times
35 minutes ago
- Economic Times
GIFT Nifty down 25 points; here's the trading setup for today's session
The position of FIIs in the futures market increased from a net short of Rs 69,100 crore on Monday to Rs 70,513 crore on Tuesday. Indian equities closed marginally higher, with the Nifty at 25,522, as analysts anticipate near-term market optimism fueled by trade breakthrough hopes and the upcoming earnings season. Technically, the index shows improved sentiment, with support at 25,400 and resistance at 25,600-25,800. The rupee strengthened, while FIIs remained net sellers, and DIIs were net buyers. Tired of too many ads? Remove Ads Tech View: The index has moved up after a consolidation on the hourly chart, improving sentiment for the bulls. On the daily chart, the Nifty formed a green candle following a hammer and a doji pattern. This type of setup often indicates a potential positive move ahead. On the lower end, support is placed at 25,400, while on the higher end, resistance is seen at 25,600 and 25,750–25,800. The index has moved up after a consolidation on the hourly chart, improving sentiment for the bulls. On the daily chart, the Nifty formed a green candle following a hammer and a doji pattern. This type of setup often indicates a potential positive move ahead. On the lower end, support is placed at 25,400, while on the higher end, resistance is seen at 25,600 and 25,750–25,800. India VIX: India VIX, which is a measure of the fear in the markets, fell 2.9% to settle at 12.20 levels. Dow off 0.37%, S&P 500 falls 0.07%, Nasdaq up 0.03% S&P 500 futures were little changed as of 9:23 a.m. Tokyo time Hang Seng futures were little changed Japan's Topix rose 0.2% Australia's S&P/ASX 200 fell 0.5% Euro Stoxx 50 futures rose 0.5% Tired of too many ads? Remove Ads Indian equities ended marginally higher on Tuesday, with the Nifty closing at 25,522. Overall, analysts expect markets to remain optimistic in the near term, supported by hopes of a trade breakthrough and the upcoming earnings Nifty on the NSE IX traded lower by 25 points, or 0.10 per cent, at 25,579, signaling that Dalal Street was headed for negative start on S&P 500 ended Tuesday's choppy session slightly lower as investors waited for clarity on U.S. trade policy after President Donald Trump's latest tariff threats dampened hopes around talks with some trade partners. Wall Street equities had sold off sharply on Monday after Trump warned of sweeping new tariffs on goods from key trading partners such as Japan and South Korea and a range of smaller countries starting in shares opened cautiously as investors held back from taking risky bets after President Donald Trump ruled out extending his August deadline. Copper futures fell on Trump's tariff dollar rose for a third day against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position rupee rose 21 paise to close at 85.73 against the US dollar on Tuesday on the back of a decline in global crude oil prices and a weaker greenback against major rivals.
Mint
37 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy amid Trump's tariff deadline extension
Breakout stocks buy or sell: Indian stock market benchmarks, the Sensex and Nifty 50, ended higher on Tuesday, July 8, supported primarily by gains in major financial stocks. The Sensex advanced by 270 points, or 0.32 per cent, to close at 83,712.51, while the Nifty 50 added 61 points, or 0.24 per cent, finishing at 25,522.50. However, mid and small-cap stocks lagged behind. The BSE Midcap index closed nearly unchanged, whereas the Smallcap index declined by 0.17 per cent. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market mood has gradually improved in last couple of sessions. Speaking on the outlook of Indian stock market, Bagadia said, ' The Nifty 50 index has made strong base at 25,300 to 25,250 levels, while the key benchmark index is facing hurdle at 25,550 to 25,600 levels. On breaking above this resistance, the 50-stock index may soon touch 25,700 and 26,200 levels. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Cartrade Tech, BF Utilities, Wonder Electricals, Valor Estate, and Schaeffler India. 1] Cartrade Tech: Buy at ₹ 1825, target ₹ 1930, stop loss ₹ 1740; 2] BF Utilities: Buy at ₹ 835, target ₹ 900, stop loss ₹ 810; 3] Wonder Electricals: Buy at ₹ 173.97, target ₹ 188, stop loss ₹ 168.5; 4] Valor Estate: Buy at ₹ 246.65, target ₹ 264, stop loss ₹ 237; 5] Schaeffler India: Buy at ₹ 4201.9, target ₹ 4500, stop loss ₹ 4050. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
an hour ago
- Mint
Recommended stocks to buy today, 9 July, by India's leading market experts
Indian stock market benchmarks, Sensex and the Nifty 50, ended with decent gains on Tuesday with large financial stocks as the key support. The Sensex closed with a gain of 270 points, or 0.32%, at 83,712.51, while the Nifty 50 rose 61 points, or 0.24%, to 25,522.50. The mid and small-cap segments underperformed. While the BSE Midcap index ended almost flat, the Smallcap index dropped 0.17%. Looking for stocks to buy today? Top market experts Ankush Bajaj, Raja Venkatraman, Trade Brains Portal, and MarketSmith share their best stock picks for 9 July. Here are three midcap stocks to buy as recommended by Raja Venkatraman for Wednesday Navin Fluorine International (Cmp ₹5,040) Also Read: Lodha Developers pre-sales dull, but business development activity remains solid Cummins India (Cmp ₹3,478) Datamatics Global Services (Cmp ₹669.05) Also Read: With ₹3.4 trillion already in, are DIIs the new market movers from here on? Two stocks to buy today, recommended by Trade Brains Portal Indian Railway Finance Corporation Ltd (Current price: ₹138) In FY25, IRFC's net interest income grew by 2.2%, rising from ₹6,429 crore in FY24 to ₹6,569 crore. Its net interest margin also saw a modest improvement, reaching 1.42% compared to 1.38% the previous year. During the fiscal year, IRFC sanctioned loans amounting to ₹5,700 crore, which included ₹700 crore to NTPC and ₹5,000 crore to NTPC Renewable Energy Ltd. The company also signed a rupee term loan agreement worth ₹5,000 crore with NTPC REL and emerged as the L1 bidder for financing ₹3,167 crore toward the development of the Banhardih Coal Block in Jharkhand's Latehar District. The company was awarded Navratna status by the Department of Public Enterprises in FY25 and is aiming to achieve Maharatna status in the near future. The IRFC board also approved financing of up to ₹700 crore to NTPC on a finance lease basis for 20 BOBR rakes under Indian Railways' General Purpose Wagon Investment Scheme (GPWIS). Additionally, a lease agreement for eight BOBR rakes valued at approximately ₹250 crore was signed with NTPC Ltd. in January 2025. IRFC has also entered into a Memorandum of Understanding with REMCL to jointly explore financing options for renewable energy projects for Indian Railways, including potential funding in nuclear, thermal, and renewable energy domains. ITC Ltd (Current price: ₹417) The company's operating revenue for FY25 was ₹81,612.78 crore, up 10.4% from FY24 ₹73,891.43 crore. Their net profit increased by 69%, from ₹20,751.36 crore in FY24 to ₹35,052.48 crore in FY25. The company's vertically integrated supply chain and strong network of 27,500 farmers spread across 1.4 lakh acres of certified organic land in 71 clusters across 10 states will provide it with a competitive edge. Additionally, ITC has acquired the Sresta Natural Bioproducts Private Limited brand 24 Mantra Organic, a leader in organic packaged foods with a portfolio that comprises over 100 organic products, for ₹400 crore on a cash-free, debt-free basis. Moreover, the company spent ₹50.6 crore to acquire Mother Sparsh Baby Care Private Limited, a business that provides upscale natural and ayurvedic baby care products. Additionally, ITC declared that it will buy ABREL's pulp and paper business, "Century Pulp and Paper," for a single sum payment of up to ₹3,500 crore on a debt-free, cash-free basis. The company has an installed capacity of 4.8 lakh MTPA. Two stock recommendations by MarketSmith India for 9 July: Lemon Tree Hotels Ltd (current price: ₹ 146.79) Why it's recommended: Strong position in mid-market segment, institutional backing, more hotels coming up in tier-2 and tier-3 cities. Key metrics: P/E: 45.06 | 52-week high: ₹ 162.40 | Volume: ₹ 219.99 crore Technical analysis: Trending above all its key moving averages, bullish pattern breakout. Risk factors: Economic and demand volatility, intense competition and concentration. Buy at: ₹146.79 Target price: ₹165 in two to three months Stop loss: ₹138 Ge Power India Ltd (current price: ₹325) Why it's recommended: The government push for clean energy transition, growing demand for flue gas desulfurization (FGD), focus on grid modernization, and electrification. Key metrics: P/E: N/A | 52-week high: ₹646 | Volume: ₹33.69 crore. Technical analysis: Downward sloping trendline breakout. Risk factors: High dependence on thermal projects, limited presence in the renewable segment. Buy at: ₹325 Target price: ₹385 in two to three months Stop loss: ₹305 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. 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 guarantee 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.
