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Hans India
30-06-2025
- Business
- Hans India
Global trends to drive near-term market mood
A bottom-up strategy focused on margin mean-reversion and undervalued laggards is advisable MARKET KHABREIN Stock selection should favour low-margin, low-valuation names with potential for cost-driven earnings recovery. Caution persists regarding potential tariff escalations, with US tariffs scheduled to resume from July 9 and focus will shift to trade agreements Quote of the week Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas —Paul Samuelson Buoyedby easing geopolitical tensions, supported by improving global sentiment, renewed buying interest from FIIs and sharp pullback in international crude oil prices; markets finally broke out of their five-week-long consolidation phase. The rebound followed a cautious start, with broader participation seen from midweek as sentiment turned positive. For the week, the Sensex index rose 1,650.73 points or 2 percent to end at 84,058.90, and the Nifty added 525.4 points or 2.09 percent to close at 25,637.80. Mild exuberance was evident in the broader market with both the BSE Mid-cap and the BSE Small-cap indices gaining more than 2 percent and 3.5 percent respectively. Reversing the four-week losing streak, the IndianRupee ended 110 paise higher at 85.49 per dollar. FIIs extended their buying in second week with purchases worth Rs 4,423 crore. DIIs continued their buying in tenth consecutive week buying equities worth Rs 12,390.17 crore. Nine of the top-10 most valued firms together added Rs 2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a buoyant trend in equities. With progress of monsoon a bit tardy, high frequency data points IIP and PMI figures will be in focus. A significant volume of pre-IPO shareholder lock-ins worth $ 1,860 million is set to expire in July 2025, potentially reshaping the shareholding structure of several recently listed companies. Such expiries are closely watched by market participants, as they can lead to changes in liquidity, free float, and shareholding patterns in the post-IPO phase. Corporate India's profitability is currently hovering near decade-high levels, and with scope of margin expansion muted, some experts believe sustaining this momentum may prove challenging. Post-Covid profits were led by restructuring, but margins are now peaking, and demand remains weak. Valuations are expensive across sectors despite slowing earnings, posing downside risks say observers. A bottom-up strategy focused on margin mean-reversion and undervalued laggards is advisable. Stock selection should favour low-margin, low-valuation names with potential for cost-driven earnings recovery. In the near term, global cues will continue to drive market direction. Despite improved sentiment expect the unexpected speed breakers from Trump tantrums. Caution persists regarding potential tariff escalations, with US tariffs scheduled to resume from July 9 and updates on trade agreements will remain in focus. The passage of Trump's massive tax and spending bill in the Senate, moving the legislation one step closer to final approval may cast its shadow on US equities. Despite noise in social media that US-China trade deal is on cards, China has reiterated opposition to any trade deals at its expense. Watch developments on this front. If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting. FUTURES & OPTIONS / SECTOR WATCH Tracking the cease fire news in the Middle East, the Indian market rallied during the week ended. Both Nifty and Bank Nifty registered weekly gains of more than 2%. On the expiry day, the Nifty futures finally staged a decisive breakout from the recent prolonged consolidation phase and ended the June series above the 25,500 mark, registering a healthy gain of 2.69%. This breakout not only signals a potential shift in short-term sentiment but also sets a positive tone for the July series. The Nifty rollover rate remains steady at 79.53%, nearly unchanged from last month's 79.10% and slightly above the three-month average of 78.09%, indicating similar momentum for the July series. In contrast, Bank Nifty rollover stands at 75.75%, lower than last month's 79.29% and below the three-month average of 77.11%, suggesting weaker momentum compared to the previous series. Nifty rollovers indicate that positions were carried forward around the 25,200–25,300 futures range, while the Bank Nifty rollover range is 56,600–56,700 level. In the options segment, the highest Call open interest was seen at the 26,000 and 25,900 strike levels, whereas Put writing was prominent at the 25,500 strike. Implied volatility (IV) for Nifty's call options settled at 11.87%, while put options concluded at 12.57%. The India VIX, a key indicator of market volatility, concluded the week at 12.59%. The Put-Call Ratio Open Interest (PCR OI) stood at 1.28 for the week. Failure to sustain the 25,200-25,300 level on Nifty and 56,600-56,700 level on Bank Nifty may lead to a decline in both indices. For the upcoming sessions, Nifty has support at 25200 level whereas resistance is placed at 26000 level. Stocks looking good are Kotak Bank, IRCTC, JSW Steel, MGL, Naukri, Shriram Finance, Tata Steel and Unominda. Stocks looking weak are Blue Star, IREDA, KPIT, Lodha, Mannapuram, Nykaa and NTPC. (The author is a senior maket analyst and former vice-chairman, Andhra Pradesh State Planning Board)
Mint
26-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 26 May 2025
Stocks to buy under ₹ 100: Amid broad-based buying, the key benchmark indices of the Indian stock market staged robust gains on Friday last week. The Nifty 50 index finished 243 points higher at 24,853. The BSE Sensex surged 769 points and closed at 81,721. The Bank Nifty index ended 456 points higher at 55,398. The broader market mirrored the benchmark's performance, with the BSE Mid-cap and Small-cap indices advancing 0.5% and 0.45%, respectively, signalling a healthy risk appetite among investors. On the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, markets are expected to remain firm, with participation likely from the broader market segments as macro and earnings tailwinds continue to provide support. Investors will also closely watch key data releases next week, including quarterly GDP figures for India and the US." Speaking on the outlook of the Nifty 50 index, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index has indicated a strong pullback from near the 24,500 zone with a bullish candle formation on the daily chart with overall bias maintained and can anticipate for further rise in the coming sessions with upside targets 25,400 and 25,600 levels expected. As mentioned earlier, the index would have a crucial support zone near the 24,500 level. A decisive breach above the 25,000 zone shall trigger fresh upward movement with the broader markets also showing active participation to support the benchmark index." "The Bank Nifty index has indicated a strong bullish candle formation with bias improving. Most frontline banking stocks have shown positive signs of an upward move, accompanied by most PSU banks, which look good. As mentioned earlier, the index needs to breach above the 55,700 zones decisively to trigger a fresh upward move, having targets of 57,200 and 58,500 possible in the coming days," Shiju said. Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended six intraday stocks for today: VIP Clothing, MMTC, IFCI, Confidence Petroleum India, NMDC Steel, and Khaitan Chemicals And Fertilizers. 1] VIP Clothing: Buy at ₹ 43.29, Target ₹ 46.32, Stop Loss ₹ 41.77. 2] MMTC: Buy at ₹ 64, Target ₹ 70, Stop Loss ₹ 60. 3] IFCI: Buy at ₹ 54 to ₹ 55.25, Targets ₹ 57.50, ₹ 60, ₹ 62, ₹ 65, Stop Loss ₹ 51.80; and 4] Confidence Petroleum India: Buy at ₹ 59 to ₹ 60, Targets ₹ 62, ₹ 64, ₹ 66, ₹ 68, Stop Loss ₹ 57.60. 5] NMDC Steel: Buy on dips at ₹ 38.90, Target ₹ 42.50, Stop Loss ₹ 37.50. 6] Khaitan Chemicals And Fertilizers: Buy at ₹ 74.50, Target ₹ 80.50, Stop Loss ₹ 72.50.
Mint
26-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 26 May 2025
Stocks to buy under ₹ 100: Amid broad-based buying, the key benchmark indices of the Indian stock market staged robust gains on Friday last week. The Nifty 50 index finished 243 points higher at 24,853. The BSE Sensex surged 769 points and closed at 81,721. The Bank Nifty index ended 456 points higher at 55,398. The broader market mirrored the benchmark's performance, with the BSE Mid-cap and Small-cap indices advancing 0.5% and 0.45%, respectively, signalling a healthy risk appetite among investors. On the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, markets are expected to remain firm, with participation likely from the broader market segments as macro and earnings tailwinds continue to provide support. Investors will also closely watch key data releases next week, including quarterly GDP figures for India and the US." Speaking on the outlook of the Nifty 50 index, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index has indicated a strong pullback from near the 24,500 zone with a bullish candle formation on the daily chart with overall bias maintained and can anticipate for further rise in the coming sessions with upside targets 25,400 and 25,600 levels expected. As mentioned earlier, the index would have a crucial support zone near the 24,500 level. A decisive breach above the 25,000 zone shall trigger fresh upward movement with the broader markets also showing active participation to support the benchmark index." "The Bank Nifty index has indicated a strong bullish candle formation with bias improving. Most frontline banking stocks have shown positive signs of an upward move, accompanied by most PSU banks, which look good. As mentioned earlier, the index needs to breach above the 55,700 zones decisively to trigger a fresh upward move, having targets of 57,200 and 58,500 possible in the coming days," Shiju said. Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended six intraday stocks for today: VIP Clothing, MMTC, IFCI, Confidence Petroleum India, NMDC Steel, and Khaitan Chemicals And Fertilizers. 1] VIP Clothing: Buy at ₹ 43.29, Target ₹ 46.32, Stop Loss ₹ 41.77. 2] MMTC: Buy at ₹ 64, Target ₹ 70, Stop Loss ₹ 60. 3] IFCI: Buy at ₹ 54 to ₹ 55.25, Targets ₹ 57.50, ₹ 60, ₹ 62, ₹ 65, Stop Loss ₹ 51.80; and 4] Confidence Petroleum India: Buy at ₹ 59 to ₹ 60, Targets ₹ 62, ₹ 64, ₹ 66, ₹ 68, Stop Loss ₹ 57.60. 5] NMDC Steel: Buy on dips at ₹ 38.90, Target ₹ 42.50, Stop Loss ₹ 37.50. 6] Khaitan Chemicals And Fertilizers: Buy at ₹ 74.50, Target ₹ 80.50, Stop Loss ₹ 72.50. 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.
Mint
26-05-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 26 May 2025
Buy or sell stocks: Amid broad-based buying, the key benchmark indices of the Indian stock market staged robust gains on Friday last week. The Nifty 50 index finished 243 points higher at 24,853. The BSE Sensex surged 769 points and closed at 81,721. The Bank Nifty index ended 456 points higher at 55,398. The broader market mirrored the benchmark's performance, with the BSE Mid-cap and Small-cap indices advancing 0.5% and 0.45%, respectively, signalling a healthy risk appetite among investors. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has turned positive. The Nifty 50 index witnessed a strong bounce back from 24,500 levels, and the Prabhudas Lilladher expert said it is set to touch 25,400 soon. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index has indicated a strong pullback from near the 24,500 zone with a bullish candle formation on the daily chart with overall bias maintained and can anticipate for further rise in the coming sessions with upside targets 25,400 and 25,600 levels expected. As mentioned earlier, the index would have a crucial support zone near the 24,500 level. A decisive breach above the 25,000 zone shall trigger fresh upward movement with the broader markets also showing active participation to support the benchmark index." "The Bank Nifty index has indicated a strong bullish candle formation with bias improving. Most of the frontline banking stocks have shown positive signs of upward move, accompanied by most PSU banks, which look good. As mentioned earlier, the index needs to breach above the 55,700 zones decisively to trigger a fresh upward move, having targets of 57,200 and 58,500 possible in the coming days," said Parekh. Parekh said that today, support for the Nifty is at 24,700, while resistance is at 25,100. The Bank Nifty will have a daily range of 55,000 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended three buy or sell stocks: MMTC, Chambal Fertilisers and Chemicals, and Jindal SAW. 1] MMTC: Buy at ₹ 64, Target ₹ 70, Stop Loss ₹ 60; 2] Chambal Fertilisers and Chemicals: Buy at ₹ 597, Target ₹ 630, Stop Loss ₹ 585; and 3] Jindal SAW: Buy at ₹ 216, Target ₹ 225, Stop Loss ₹ 210. 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.
