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Mint
7 hours ago
- Business
- Mint
Sensex, Nifty 50 end flat; BEL, Reliance shine— 10 key highlights from Indian stock market today
Indian stock market benchmarks, the Sensex and the Nifty 50, ended slightly higher on Tuesday, July 1, thanks to gains in shares of BEL, Reliance Industries and HDFC Bank, amid mixed global cues. The Sensex ended the day 91 points, or 0.11 per cent, higher at 83,697.29, while the Nifty 50 settled at 25,541.80, up 25 points, or 0.10 per cent. The mid and small-cap segments ended lower. The BSE Midcap and Smallcap indices slipped 0.07 per cent and 0.18 per cent, respectively. (This is a developing story. Please check back for fresh updates.)
Mint
16 hours ago
- Business
- Mint
Best stocks to buy today, 1 July, recommended by NeoTrader's Raja Venkatraman
Stock market today: The Indian stock market closed the final trading session of June in the red, as investors booked profits after a strong four-day rally. Still, it marked the fourth straight month of gains, with the Nifty 50 rising 3.10% and the Sensex up 2.65% in June—taking their cumulative four-month gains to over 15%. Notably, both indices have rebounded nearly 17.3% from their April lows, marking their strongest recovery in recent memory. Three stocks to trade today, 1 July, as recommended by NeoTrader's Raja Venkatraman: Jtekt India (Current market price ₹145.53) Stock Market Recap: 30 June India's recent market rally paused on Monday, with both the Sensex and Nifty closing lower after early weakness dragged the latter briefly below the 25,500 mark. A late rebound in PSU banks, tech, and media stocks helped pare losses, pushing the Nifty back above that level by the close. The Sensex ended the day down 452.44 points (-0.54%) at 83,606.46, while the Nifty slipped 120.75 points (-0.47%) to settle at 25,517.05. Broader markets once again outperformed the benchmarks: the BSE Midcap index rose 0.6% and the Smallcap index added 0.8%. The Nifty Bank index, which touched a fresh high of 57,614.50 intraday, cooled off to end 0.2% lower at 57,312.75. Among the top drags were Tata Consumer, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp, and Maruti Suzuki. On the gainers' side, Trent, SBI, IndusInd Bank, Bharat Electronics, and Jio Financial provided support. At the sector level, PSU banks surged 2.6% and pharma rose 0.5%, while realty, FMCG, autos, and metals saw mild pullbacks. Investors will now watch for global cues and whether the ongoing outperformance in midcaps can be sustained. Outlook for Trading The market remains under pressure at higher levels, lacking the conviction needed to sustain its upward momentum. While occasional rallies are visible, persistent low participation and weak follow-through suggest that bullish trends are struggling to hold. Geopolitical tensions—intensifying since April—have kept volatility elevated, making both trading and investing a challenging affair. At present, there are no clear signals indicating the extent or timing of any near-term correction. As highlighted in our previous note, the 24,800–24,900 zone continues to be a critical support range. The trading band is narrowing, and current option data suggests bearish undertones: the put-call ratio (PCR) has dropped to 0.65, indicating selling pressure at higher levels. Notably, call writing has now shifted lower to the 25,600 strike, establishing it as the next key resistance. Despite sporadic attempts to push higher, the market has been unable to gather enough strength to sustain an upward move. The 'max pain" level currently sits at 25,500—a zone that now needs to hold in order to maintain upward momentum. Continued dip-buying has kept bullish hopes alive, but the lack of clarity in directional cues means traders should adopt a neutral bias in the near term. With trends turning increasingly two-sided, a balanced and pragmatic approach is essential to navigate the current market phase. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. 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 guarantees 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.
Mint
2 days ago
- Automotive
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 June 2025
Breakout stocks buy or sell: The Indian stock market extended its winning streak for the fourth consecutive session on Friday, June 27, buoyed by largely positive global trends. The Sensex rose by 303 points, or 0.36%, to settle at 84,058.90, while the Nifty 50 gained 89 points, or 0.35%, closing at 25,637.80. Broad-based buying was observed across the market, with the BSE Midcap index up by 0.38% and the Smallcap index increasing by 0.54%. In the last four sessions, the Sensex has surged by 2,162 points, marking a nearly 3% rise, with the Nifty 50 mirroring this upward trend. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index closed above its previous days close. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is heading towards the immediate target of 25,700, while on the lower side, it has made a strong base in 25,300 to 35,250 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: NDR Auto Components, Indraprastha Medical Corporation, LT Foods, Redington, and SML Isuzu. 1] NDR Auto Components: Buy at ₹ 1078.55, target ₹ 1150, stop loss ₹ 1035; 2] Indraprastha Medical Corporation: Buy at ₹ 449.35, target ₹ 477, stop loss ₹ 432; 3] LT Foods: Buy at ₹ 483.25, target ₹ 515, stop loss ₹ 465; 4] Redington: Buy at ₹ 322.05, target ₹ 345, stop loss ₹ 310; 5] SML Isuzu: Buy at ₹ 2034.1, target ₹ 2160, stop loss ₹ 1965. 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.
Hans India
2 days ago
- Business
- Hans India
Lloyds Engineering, Mukta Arts & RattanIndia top stocks for June 30: Experts
The Indian stock market ended Friday, June 27, on a strong note, extending its rally for the fourth straight session. The Sensex gained 303 points (0.36%) to close at 84,058.90, while the Nifty 50 rose 89 points (0.35%) to settle at 25,637.80. Broader markets also showed strength, with the BSE Midcap index up by 0.38% and the Smallcap index rising by 0.54%. Over the last four sessions, the Sensex has jumped by 2,162 points — nearly a 3% surge — with the Nifty 50 registering a similar uptrend. Sumeet Bagadia, Executive Director at Choice Broking, believes market sentiment has turned positive, especially with the Nifty closing above previous resistance levels. He suggests a stock-specific approach, focusing on technically strong counters. For Monday, June 30, 2025, Bagadia recommends the following three stocks, all priced under ₹100: 1. Lloyds Engineering Works Buy Price: ₹68.70 Target Price: ₹73.50 Stop Loss: ₹66.30 Rationale: Technically strong setup with potential for short-term breakout. 2. Mukta Arts Buy Price: ₹88.96 Target Price: ₹95.00 Stop Loss: ₹85.50 Rationale: Attractive risk-reward ratio with upward momentum. 3. RattanIndia Enterprises Buy Price: ₹63.23 Target Price: ₹68.00 Stop Loss: ₹61.00 Rationale: Consolidation near support levels makes it a good entry point. Disclaimer: Stock recommendations are based on the views of analysts and do not constitute financial advice. Investors are advised to consult with a SEBI-registered financial advisor before making investment decisions.
Mint
3 days ago
- Business
- Mint
Stock market this week: US economic data, IPOs, FIIs top triggers that may dictate Dalal Street
Indian stock markets continued their upward momentum for a fourth straight session on Friday, June 27, with benchmark indices — the Sensex and Nifty 50 — posting solid gains supported by broadly positive global trends. The Sensex ended the day 303 points, or 0.36%, higher at 84,058.90, while the Nifty 50 advanced 89 points, or 0.35%, to close at 25,637.80. Gains were seen across the board, with the BSE Midcap index climbing 0.38% and the Smallcap index rising 0.54%. Over the past four sessions, the Sensex has surged by 2,162 points, marking an increase of nearly 3%, while the Nifty 50 has also registered a similar gain of close to 3%. 'Markets edged higher on Friday, extending the ongoing uptrend and ending the session with modest gains. After a flat start, the Nifty gradually moved up during the first half, followed by a range-bound phase until the close. It eventually settled near the day's high at 25,637.80. The recent geopolitical stability has improved risk sentiment, as seen in the broad-based market participation. Moreover, positive developments around potential trade agreements could further strengthen the bullish bias. We continue to recommend a 'buy on dips' strategy on the index, with an emphasis on selective stock picking for better opportunities,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Although the week began on a cautious note, indices picked up momentum midweek as concerns over the Iran-Israel conflict subsided and global risk appetite strengthened. As a result, benchmark indices Nifty and Sensex ended the week close to their highs, settling at 25,637.80 and 84,058.90, respectively. Rupak De, Senior Technical Analyst at LKP Securities, said on Nifty outlook, " 'The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before 25,750–25,800, the index may continue its upward trajectory. However, the rally might not be sharp, and it could take time to reach the 25,800 mark. A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation.' On the Bank Nifty outlook, brokerage firm Bajaj Broking said, 'Bank Nifty on the weekly chart has formed a sizable bull candle with a higher high and higher low signaling strength and continuation of the up move. The index in the process rallied to a fresh all time high. Given the recent breakout from the consolidation zone of 56,000–53,500, the implied pattern target projects an upside potential towards 58,000-58,500 marks over the coming sessions. This projection is further supported by bullish price structure and momentum indicators. On the downside, key support base has been recalibrated to the 56,000–55,500 region, which marks a confluence of technical factors—namely, the 20-day EMA and the recent swing lows of last week.' Although market sentiment has improved, concerns remain about possible tariff hikes, especially with U.S. tariffs set to resume on July 9. Trade agreement updates will continue to be a key focus. The U.S. President recently shared on social media that a deal has been signed with China and hinted at a possible agreement with India, though specific details are still unclear. Markets will closely watch for further clarity on these developments. July 3 will be a major day for U.S. economic indicators, with the release of Initial Jobless Claims, Nonfarm Payrolls, and the Unemployment Rate for June. These figures will provide a comprehensive view of the labor market's strength and its implications for monetary policy. Also scheduled for release on the same day is the S&P Global Services PMI, which reflects service sector activity and consumer sentiment. The benchmark index signaled robust investor confidence, supported by the perceived stability of the Middle East ceasefire, which helped alleviate fears of possible supply chain interruptions. However, investors will keep a close monitor on Israel-Iran update as it is likely to dictate market movement in the upcoming week. The primary market will witness opening of seven new initial public offering (IPOs) in the coming week - 2 mainboard and 5 SME IPOs. In the mainboard segment, Crizac Limited IPO will open for subscription on July 2, whereas Travel Food Services IPO will open for bidding on July 3. The Indian equity indices continued their upward momentum for the second straight week ending June 27, supported by a decline in crude oil prices due to reduced geopolitical tensions in the Middle East, consistent foreign institutional investor (FII) inflows, a positive monsoon outlook, and easing trade tensions ahead of the approaching deadline. ' Key catalysts like the ceasefire in the Middle East and optimism on easing trade tensions ahead of the deadline have cleared the clouds in the minds of investors. After consecutive days of selling, FIIs have turned net buyers in the domestic market, contributing to improved market stability in the near term,' said Vinod Nair, Head of Research, Geojit Investments Limited. Oil prices remained stable as traders balanced the uncertainty surrounding US-Iran nuclear negotiations with reports suggesting that OPEC might continue its streak of significant production hikes. West Texas Intermediate (WTI) crude saw slight gains, ultimately closing above $65 per barrel after fluctuating between positive and negative territory during the session. According to Ajit Mishra – SVP, Research, Religare Broking Ltd, believes that with the Nifty ending its consolidation phase through a decisive breakout, we now expect a gradual move toward the all-time high i.e. 26,277.35. " However, the gap area around 25,800 could cause a temporary pause. In the event of a pullback, the 24,800–25,200 zone—which previously acted as resistance—is likely to offer strong support? The banking index has resumed its bullish trajectory, supported by renewed buying interest in major private sector banks and intermittent strength in PSU banks. We anticipate the index to gradually advance toward the upper trendline of the broadening formation around 58,200, followed by a potential move to the psychological mark of 60,000," Mishra said. 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.
