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Mint
39 minutes ago
- Mint
Zee to Bajaj Housing- Prashanth Tapse of Mehta Equities suggests stocks to buy in the short term
Stock market today: Indian stock markets faced pressure on Friday as Foreign Portfolio Investors (FPIs) contributed to a decline in investor sentiment. At 11:30 IST, the Nifty 50 was positioned at 24,890 . 95, down by 170.40 points or 0.67%, while the Sensex was trading at 81,696.77, marking a drop of 480.05 points or 0.53%. Foreign Institutional Investors (FIIs) offloaded equities amounting to ₹ 2,133.69 crore on Thursday, according to exchange statistics. In contrast, Domestic Institutional Investors (DIIs) bought shares valued at ₹ 2,617.14 crore. Market analysts indicate that the short-term outlook for the market has deteriorated. Ongoing selling by FIIs, which has reached a total of ₹ 11,572 crore over the last four trading days, is likely to negatively affect the market. Global signals also remained unfavorable. The upcoming US-China trade discussions scheduled in Sweden for Monday are anticipated to provide critical insights into the direction of US-India negotiations, particularly as talks regarding Russian oil supplies are also on the agenda in Stockholm. With a lack of fiscal measures and the monetary policy meeting set for August 6, Indian markets are preparing for a potentially weak conclusion to the week, which could result in the fourth consecutive week of losses. Nifty 50 remains in a positive zone, with the 24,882 mark acting as the most important support for today. On the upside, the index faces stiff resistance at 25,246. As long as Nifty 50 holds above 24,882, the trend is expected to stay constructive, with any dip providing an opportunity to buy. Market breadth and participation from large-cap stocks continue to support the upward bias. Sustaining above 25,000 can lead to a push towards 25,200–25,250, but a breach of 24,882 would warrant caution. Bank Nifty's primary support lies at 56,692, with a secondary cushion at 56,204. Key resistance levels are seen at 57,294 and 57,628. The index remains resilient and is likely to see further upside as long as 56,692 holds. Positive sentiment in both private and PSU banks is keeping the momentum strong. Traders are advised to maintain long positions with stop losses just below key support, as a move above 57,294 could open the way to 57,628 and higher. Prashanth Tapse recommends buying these three stocks in the short term - Apollo Hospitals, Zee Ltd, and Bajaj Housing Finance. Buy at ₹ 7,414 | SL: ₹ 7,200 | Target: ₹ 7,900 Apollo Hospitals has formed a strong base near ₹ 7,200 and is witnessing renewed buying interest. The stock has broken out above short-term resistance levels with healthy volumes, indicating bullish momentum. As long as ₹ 7,200 holds, Apollo Hospitals can rally toward ₹ 7,900. Suitable for short-term traders seeking momentum plays. Buy at ₹ 127.39 | SL: ₹ 110.00 | Target: ₹ 160 Zee Ltd is showing signs of recovery from its recent lows, finding support near ₹ 122. A close above ₹ 127.39 confirms a bullish reversal, backed by improved volume activity and positive momentum on technical indicators. The stock has potential to move towards ₹ 150-160 in the near term, with a stop loss at ₹ 110 to manage risk. Buy at ₹ 117.44 | SL: ₹ 100 | Target: ₹ 150 Bajaj Housing Finance is consolidating above key support at ₹ 112 and has started to show early signs of accumulation. A breakout above ₹ 117.44 could trigger a swift upmove towards ₹ 150. Momentum indicators are turning positive, making this an attractive buy for short-term positional traders with a well-defined stop loss at ₹ 100. 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.
News18
an hour ago
- News18
Sensex Falls 590 Points, Nifty Below 24,900; Key Reasons Why Market Is Down Today
Last Updated: The Indian stock market continued to reel under pressure for the second consecutive session on Friday; Why is Sensex, Nifty falling today? Why Is Market Falling Today: The Indian stock market continued to reel under pressure for the second consecutive session on Friday, July 25. Benchmark indices—the Sensex and the Nifty 50—suffered significant losses, while mid- and small-cap segments declined even further. The BSE Sensex index tumbled 590 points or 0.7 per cent to quote at 81,590.68, while the Nifty50 index broke below the 25,000-mark to trade at 24,866, lower by 196 points or 0.78 per cent. Bajaj twins, PowerGrid, Tata Motors and Infosys were the top Sensex losers, bleeding up to 5 per cent. Shriram Finance, Bajaj Auto, Hero MotoCorp, IndusInd Bank, and Wipro were some of the other losers on the Nifty index. In the broader markets, the Nifty MidCap index fell 1.09 per cent, and the Nifty SmallCap index edged 1.44 per cent lower. Among sectors, the Nifty Auto index slipped 1.33 per cent, followed by the Nifty Financial Services ndex (down 0.95 per cent) and Nifty Metal down 1.21 per cent. On the contrary, the Nifty Pharma, and Realty indices were bucking the weak trend to add 0.2 per cent each. Why is the Indian Stock Market Falling? The primary hurdle appears to be the US demand for greater access to India's agricultural, dairy, and genetically modified (GM) product markets—an area where India continues to protect domestic interests. However, Commerce Minister Piyush Goyal recently said that talks are making 'fantastic" progress and India could receive preferential trade treatment, offering a glimmer of hope. 2. Foreign Investor Selling Picks Up Pace Foreign Portfolio Investors (FPIs) have been aggressively offloading Indian equities. So far in July, FPIs have sold stocks worth ₹28,528 crore in the cash segment, including ₹11,572 crore in just the last four trading sessions. 'The primary reason for the decline is continuous FII selling in both equity and F&O segments. Valuation concerns persist despite strong macro and micro fundamentals," said Santosh Meena, Head of Research at Swastika Investmart Ltd. 3. Muted Q1 Results Drag Sentiment The Q1FY26 earnings season has been underwhelming, especially in key sectors like IT and financials. While some companies have managed to meet estimates, more have missed the mark. Moreover, cautious commentary from management teams has added to investor concerns. 'The earnings season so far hasn't been disastrous, but it hasn't inspired much confidence either," Meena noted, adding that delays in the US-India trade deal are further dampening sentiment. 4. Valuation Concerns in Broader Markets Analysts believe that while headline indices like the Nifty aren't excessively valued, broader markets—particularly small-cap stocks—appear overheated. 'The near-term market construct looks weak. Small-caps could remain under pressure as their valuations are difficult to justify amid subdued earnings," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 5. Key Technical Levels Breached The Nifty 50 has fallen below the critical 25,000 mark, raising fears of further downside. According to Akshay Chinchalkar of Axis Securities, Thursday's bearish candle pattern completed another rare 'bearish engulfing," indicating a dominant downtrend. 'Support lies at 25,000, with resistance at 25,245. Bears remain in control unless we see a close above 25,340," he said. Meena of Swastika Investmart added that the immediate demand zone lies between 24,800 and 24,735. If breached, the index could test the 200-day moving average around the 24,000 level. On the upside, resistance is likely near the 20-DMA of 25,300. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
an hour ago
- Mint
Stock market crash: Nifty 50 falls below 50-DEMA support. Will it bounce back or go further down?
The Indian stock market extended decline on Friday, with the benchmark indices, Sensex and Nifty 50, falling over half a percent each weighed down by selling in auto, metals, banks, IT and energy sectors. The BSE Sensex dropped 0.78% to 81,539.97, while the NSE Nifty 50 slipped 0.86% to 24,844.45. The Bank Nifty shed 0.62% to 56,710.15. Broader markets also reeled under selling pressure as the Nifty Smallcap 100 and the Nifty Midcap 100 indices were down over 1% each. Bajaj Finserv, Bajaj Finance, Shriram Finance, Bajaj Auto, Hero MotoCorp, Eternal, PowerGrid Corporation of India and Jio Financial Services were among the top Nifty 50 losers. 'The near-term market construct has turned weak. Sustained FII selling of ₹ 11572 crores in the last four trading days will weigh on the market. The weakness in the broader market, particularly in smallcaps, might continue since valuations had turned excessive and difficult to justify,' said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments. The decline in heavyweight stocks dragged the Nifty 50 below the psychologically and technically important support level of 24,900. A sustained breakdown below this level could lead to further downside in the near term, analysts said. 'Nifty 50 was consolidating within its 50-DMA support zone of 24,900–25,000. However, the index has now breached this critical support and may see further correction. Market breadth remains negative, and broader indices are undergoing price-wise correction,' said Ruchit Jain, Vice President – Equity Technical Research, Motilal Oswal Financial Services. According to Jain, a close below 24,900 could open up further downside of 350–400 points, maintaining a negative bias for the index. Anshul Jain, Head of Research at Lakshmishree Investments, echoed a cautious outlook, stating that the Nifty 50 could move towards its swing low of 24,733 following the breakdown below 24,900. However, some analysts believe the downside momentum may slow down around the current levels. 'The slippage past 24,900 could set an immediate objective of 24,750 - 24,650. Further supports are near 24,450 and 24,000. However, with momentum low, favoured view expects downsides to slow down near 24,900 initially, prompting sideways moves again, with upsides capped near 25,130,' said Anand James, Chief Market Strategist, Geojit Investments. 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.
