Latest news with #BankNifty
Mint
17 minutes ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 30 July 2025
Buy or sell stocks: The Indian stock market ended its three-day losing streak and closed with gains after Tuesday's stock market session, as benchmark heavyweight stocks like Reliance Industries and HDFC Bank fueled the gains on 29 July 2025. The Nifty 50 index closed 0.57% higher at 24,821.10 points, compared to 24,680.90 points at the previous market close. 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.
Mint
20 hours ago
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Apollo Micro Systems, Eternal, Senores Pharma stock to buy
Stock market today: The Indian stock markets began the day on a low note on Tuesday, influenced by ongoing selling by foreign portfolio investors (FPI) and worries regarding a potential delay in the India-US trade agreement, which could result in a 15 percent tariff. The Nifty 50 index commenced at 24,609.65, falling by 71.25 points or 0.29 percent, while the BSE Sensex started lower at 80,620.25, showing a decline of 270.77 points or 0.33 percent. Market analysts pointed out that Indian equities are presently in an oversold condition, and although a short-term technical recovery could occur, a sustained upward movement is likely to happen only if FPI inflows become positive. From a technical perspective, Riyank Arora of Mehta Equities expressed that if the Nifty 50 does not recover above 24,800, we could experience additional declines in the short term. Arora recommends three stocks to buy in the near-term. Here's what he says about the overall market. The Nifty 50 is trading weak and has slipped below important levels. It is facing selling pressure, and the index can fall further toward 24,450–24,500 if this weakness continues. Market sentiment is negative, and every small bounce is being sold into. Indicators like RSI and momentum are also showing a weak trend. Unless Nifty 50 climbs back above 24,800, we may see more downside in the near term. Traders should follow a sell-on-rise approach and keep strict stop-losses to manage risk in this volatile phase. Bank Nifty is also under pressure after breaking below its key levels. It may slide further toward 55,000 if selling continues. Heavyweights in the banking space are dragging the index lower, and momentum indicators are still pointing to weakness. The index is trading below short-term moving averages, which adds to the negative tone. Any bounce is likely to face selling pressure. Traders are advised to remain cautious and continue with a sell-on-rise strategy while maintaining strict stop-loss levels. Riyank Arora recommends these three stocks in the short term - Apollo Micro Systems Ltd, Eternal Ltd, and Senores Pharma Ltd. Buy | CMP: ₹ 179 | SL: ₹ 170 | Target: ₹ 190 / ₹ 200 Analysis: Apollo Micro share price has broken out above ₹ 175 with strong volumes, which shows renewed buying interest. The stock is trading above key short-term moving averages, and RSI is pointing upwards, suggesting bullish momentum. As long as it holds above ₹ 179, it can move towards ₹ 190 and ₹ 200. Its price pattern of higher highs and higher lows supports the positive view. Traders can consider buying with a stop-loss at ₹ 170 to limit risk while aiming for further upside. Buy | CMP: ₹ 302 | SL: ₹ 290 | Target: ₹ 340 / ₹ 350 Analysis: Eternal share price has bounced strongly from its recent support and crossed ₹ 300 with good volumes. The stock is trading above both its 20-day and 50-day moving averages, showing strength. RSI is also positive, indicating there is room for more gains. If it sustains above ₹ 302, it can reach ₹ 340– ₹ 350 soon. The overall price structure looks healthy, and traders can consider buying with a stop-loss at ₹ 290 for a favorable risk-to-reward trade. Buy | CMP: ₹ 667 | SL: ₹ 600 | Target: ₹ 800 / ₹ 850 Analysis: Senores Pharma share price has given a strong breakout from its consolidation zone with heavy volume. It is trading above key short-term moving averages, which shows strong momentum. RSI is near 68, which is bullish but not overbought. Holding above ₹ 667 can take the stock to ₹ 800– ₹ 850 levels. The chart pattern and strong buying support indicate more upside ahead. Traders can enter at current levels with a stop-loss at ₹ 600 to manage risk. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
News18
20 hours ago
- Business
- News18
Jane Street Likely To Cite Retail Frenzy Behind India Trades: Report
Jane Street Group is expected to argue that its contentious trades in India's options market were driven by strong demand from retail investors New York-based trading firm Jane Street Group is expected to argue that its contentious trades in India's options market were driven by strong demand from retail investors, Bloomberg News reported on Monday, citing sources familiar with the matter. Earlier this month, the Securities and Exchange Board of India (SEBI) issued an interim order barring Jane Street from participating in the Indian securities market. The regulator alleged that the firm used manipulative strategies to influence the Bank Nifty index—buying large volumes of constituent stocks in both cash and futures markets during early trading hours, while simultaneously shorting index options. SEBI claimed the approach resulted in losses for retail investors. Jane Street, however, had its trading ban lifted last week after depositing $567 million in escrow. On Monday, the firm confirmed that it has requested additional time to formally respond to the interim order. According to Bloomberg, Jane Street is likely to claim that it aimed to facilitate options bets from Indian retail investors, despite limited hedging opportunities. The firm reportedly plans to argue that it deliberately adopted a less aggressive hedging strategy in India than in other global markets. Specifically, it is expected to say it spread its hedging activity over several hours on January 17, 2024—its most profitable day during the two-year period under review—to minimize its impact on the market. US high frequency trading firm Jane Street has sought more time from Indian market regulator Securities and Exchange Board of India (Sebi). In its statement on Monday evening, Jane Street Group said, 'We are engaging constructively with SEBI and have sought an extension to respond to the interim order issued on July 3." In its July 3 interim order, Sebi had given 21 days to reply. It seems the extension has been sought after expiry of this timeline. Jane Street did not disclose how much extension in timeline it has sought to respond to Sebi's queries. In the same statement, Jane Street assured that the group is committed to the integrity of the market. The statement further said, : Jane Street is committed to conduct that upholds the integrity of India's capital markets and contributes to their continued development." Sebi, in its July 3 order, had alleged that Jane Street Group manipulated the trades on Bank Nifty and Nifty Index Options and made an illegal gain of Rs 4,843.5 crore as per the preliminary investigation. Sebi directed Jane Street Group to impound and deposit the alleged illegal gains in an interest-bearing escrow account with lien marked in favour of Sebi. Jane Street complied with the Sebi directions on impounding of alleged illegal gains on July 11. Later, On July 21, Sebi lifted the restrictions on Janes Street's trading in Indian markets, subject to conditions that it will not manipulate and exchanges will have a hawk eye on the trades of Jane Street Group. Sebi statement issued on July 21 noted the entities have been directed to cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice or undertaking any activity, either directly or indirectly, that may be in breach of extant regulations, including by dealing in securities using any of the patterns identified or alluded to in the interim order. The entities have confirmed that they will comply with this. Stock exchanges were directed to closely monitor any future dealings and positions of Jane Street Group on an ongoing basis. So that entities do not either directly or indirectly indulge in any kind of manipulative activity, including by dealing in securities using any of the patterns identified or alluded to in the interim order, till the completion of the investigation by SEBI and the consequent proceedings, if any. Jane Street Group had earlier denied the allegations of Sebi and said its trading strategy has been misunderstood by the Indian capital market regulator. tags : sebi view comments Location : New Delhi, India, India First Published: July 29, 2025, 11:14 IST News business » markets Jane Street Likely To Cite Retail Frenzy Behind India Trades: Report 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
21 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 29 July 2025
Stocks to buy under ₹ 100: The key benchmark indices of the Indian stock market ended Monday's session on a weak note amid intensified sales pressure, driven by persistent FII outflows and negative cues from Asian peers. The Nifty 50 index opened flat and remained range-bound with heightened intraday volatility during the first half. However, intensified selling in the latter half of the session dragged the 50-stock index sharply lower, culminating in a close near the intraday low at 24,680.90, marking a decline of 156.10 points or 0.63%. The bearish sentiment remained intact on the broader market front, as both the Nifty Midcap 100 and Nifty Smallcap 100 indices extended their losing streak, ending lower by 0.84% and 1.26%, respectively, reflecting sustained risk aversion across market capitalisations. Sectorally, the market breadth was broadly negative, with the pharma index being the sole outperformer in an otherwise weak landscape. Realty stocks bore the brunt, nosediving 4%, followed by the media pack, which corrected 2.7%. Capital goods, metals, telecom, PSU banks, and private banking counters witnessed broad-based pressure, slipping between 1% and 1.5%. Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of the Nifty 50 index remains weak, and one may expect some more declines in the coming sessions. The next crucial lower support is around 24,500. Immediate resistance is placed at 24,800." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty, amid some volatile sessions in the first half, further lost steam and slipped down to arrive near the important support zone at the 56,000 level, with bias and sentiment getting into a cautious mode. The index would need to sustain the crucial support zone near the 50-DEMA level at the 56,000 zone, and a revival shall once again bring hopes for further upward move. In contrast, a decisive breach shall weaken the trend and can trigger fresh downward movement with the next major support positioned near the 54,400 zone," said Parekh. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended these four intraday stocks for today under ₹ 100: McLeod Russel India, Centrum Capital, GMR Airports, Geojit Financial Services, and SPIC. 1] McLeod Russel India: Buy at ₹ 40.78, Target ₹ 44, Stop Loss ₹ 39; and 2] Centrum Capital: Buy at ₹ 38.36, Target ₹ 41.50, Stop Loss ₹ 37. 3] GMR Airports: Buy at ₹ 89.70, Target ₹ 95, Stop Loss ₹ 88. 4] Geojit Financial Services: Buy at ₹ 72.20, Target ₹ 74.50, Stop Loss ₹ 70.80. 5] SPIC: Buy at ₹ 97.50, Target ₹ 105, Stop Loss ₹ 95.
Mint
a day ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 29 July 2025
Stocks to buy under ₹ 100: The key benchmark indices of the Indian stock market ended Monday's session on a weak note amid intensified sales pressure, driven by persistent FII outflows and negative cues from Asian peers. The Nifty 50 index opened flat and remained range-bound with heightened intraday volatility during the first half. However, intensified selling in the latter half of the session dragged the 50-stock index sharply lower, culminating in a close near the intraday low at 24,680.90, marking a decline of 156.10 points or 0.63%. The bearish sentiment remained intact on the broader market front, as both the Nifty Midcap 100 and Nifty Smallcap 100 indices extended their losing streak, ending lower by 0.84% and 1.26%, respectively, reflecting sustained risk aversion across market capitalisations. Sectorally, the market breadth was broadly negative, with the pharma index being the sole outperformer in an otherwise weak landscape. Realty stocks bore the brunt, nosediving 4%, followed by the media pack, which corrected 2.7%. Capital goods, metals, telecom, PSU banks, and private banking counters witnessed broad-based pressure, slipping between 1% and 1.5%. Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of the Nifty 50 index remains weak, and one may expect some more declines in the coming sessions. The next crucial lower support is around 24,500. Immediate resistance is placed at 24,800." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty, amid some volatile sessions in the first half, further lost steam and slipped down to arrive near the important support zone at the 56,000 level, with bias and sentiment getting into a cautious mode. The index would need to sustain the crucial support zone near the 50-DEMA level at the 56,000 zone, and a revival shall once again bring hopes for further upward move. In contrast, a decisive breach shall weaken the trend and can trigger fresh downward movement with the next major support positioned near the 54,400 zone," said Parekh. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended these four intraday stocks for today under ₹ 100: McLeod Russel India, Centrum Capital, GMR Airports, Geojit Financial Services, and SPIC. 1] McLeod Russel India: Buy at ₹ 40.78, Target ₹ 44, Stop Loss ₹ 39; and 2] Centrum Capital: Buy at ₹ 38.36, Target ₹ 41.50, Stop Loss ₹ 37. 3] GMR Airports: Buy at ₹ 89.70, Target ₹ 95, Stop Loss ₹ 88. 4] Geojit Financial Services: Buy at ₹ 72.20, Target ₹ 74.50, Stop Loss ₹ 70.80. 5] SPIC: Buy at ₹ 97.50, Target ₹ 105, Stop Loss ₹ 95. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
