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Mint
8 hours ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today despite Trump's tariffs on India
Breakout stocks to buy or sell: The Indian stock market endured a volatile trading session as market participants digested the implications of US President Donald Trump's imposition of a 25% tariff and punitive measures on India. The benchmark indices—Nifty 50 and Sensex—opened on a weak note, slipping nearly 1%, before staging a sharp intraday recovery to reclaim the 24,900 mark. However, renewed selling pressure in the final hour of trade dragged the indices back into negative territory. The Nifty 50 ultimately settled with a cut of 86.70 points, or 0.35%, at 24,768.35. Sectoral breadth was broadly negative, with all major indices ending in the red barring the Nifty FMCG index, which bucked the trend and gained 1.3%. The outperformance in FMCG names was driven by defensive buying amid heightened volatility and upbeat commentary from sector heavyweight Hindustan Unilever. US President Donald Trump signed a sweeping executive order on Thursday, imposing reciprocal 25% tariffs on Indian imports. The order became effective today as the Indian and US governments failed to reach a consensus on the India-US trade deal. Interestingly, India's neighbour, Pakistan, has signed a trade deal with the US, and the US government has imposed a 19% trade tariff on the Islamic state. Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market sentiment is cautious as the Nifty 50 index is facing a hurdle at 24,900. As Trump's tariffs on India have become effective today, the market is expected to react, and hence, 24,500 support and 24,950 resistance for the key benchmark index would be crucial. Speaking on the outlook of the Nifty 50 today, Sumeet Bagadia said, "The Indian stock market sentiment is cautious as the Nifty 50 index is facing a hurdle at 24,900. After Trump's tariffs on India were imposed, the market is expected to remain cautious. If the Nifty 50 sustains above its 24,500, we can expect some relief; otherwise, there can be panic selling if the key benchmark index slips below 24,500. Similarly, the key benchmark index is facing a hurdle at 24,950, and the index may see selling pressure around these levels." 1] Alkyl Amines Chemicals: Buy at ₹ 2348, Target ₹ 2515, Stop Loss ₹ 2265; 2] IXIGO: Buy at ₹ 233.78, Target ₹ 254, Stop Loss ₹ 223; 3] Vimta Labs: Buy at ₹ 693.45, Target ₹ 742, Stop Loss ₹ 669; 4] Belrise Industries: Buy at ₹ 138.13, Target ₹ 148, Stop Loss ₹ 133; and 5] Max India: Buy at ₹ 217.93, Target ₹ 234, Stop Loss ₹ 210. 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.
Mint
a day ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy despite Trump's tariff fear
The domestic benchmark indices of the Indian stock market, Sensex and Nifty 50, are anticipated to have a lower opening on Thursday following the imposition of a 25% tariff on Indian products by US President Donald Trump. The indications from Gift Nifty suggest a gap-down opening for the Indian benchmark index. Gift Nifty was observed trading at approximately 24,673, which is around 196 points below the previous close of Nifty futures. On Wednesday, the Indian stock market closed on a positive note, with the Nifty 50 finishing above the 24,800 mark. The Sensex saw an increase of 143.91 points, or 0.18%, closing at 81,481.86, while the Nifty 50 rose by 33.95 points, or 0.14%, to settle at 24,855.05. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious as the Nifty 50 index is facing hurdle at 24,900. After announcement of Trump's tariffs, the mood is expected to remain cautious. If the Nifty 50 sustains above its 24,500 then we can expect some relief, else there can be some panic selling if the key benchmark index slips below 24,500. Buy Marathon Nextgen Realty Ltd in cash at ₹ 726.4; Stop Loss at ₹ 700; Target price at ₹ 780. Buy Madhya Bharat Agro products Ltd in cash at ₹ 457.2; Stop Loss at ₹ 440; Target price at ₹ 490. Buy Jubilant Pharmova Ltd in cash at ₹ 1,236.3; Stop Loss at ₹ 1,195; Target price at ₹ 1,335. Buy Pearl Global Industries Ltd in cash at ₹ 1,638.9; Stop Loss at ₹ 1,580; Target price at ₹ 1,755. Buy GMM Pfaudler Ltd in cash at ₹ 1,356; Stop Loss at ₹ 1,305; Target price at ₹ 1,450. 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 taking any investment decisions.
News18
a day ago
- Business
- News18
Trump's 25% Tariff Shock: What It Means For Indian Stock Markets
Last Updated: The stock markets are set to weaken on Thursday in reaction to Trump's tariff announcement; Know what experts say Stock Market Today: The stock markets are set to weaken on Thursday in reaction to Trump's tariff announcement. The GIFT Nifty futures were down 129 points, or 0.52%, at 24,725 at the time of going to print. 'Markets will react negatively," said Nilesh Shah, MD, Kotak Mahindra AMC. 'Despite the unpredictable policy making of the US, the market was expecting a tariff deal to work out as long-term US-India strategic interests are aligned. Markets will hope for a 'TACO" trade if better senses prevail." TACO stands for Trump Always Chickens Out. Shares of companies in export-oriented sectors could be impacted the most on Thursday, Shah added. In the wake of President Trump's announcement of a 25% tariff on Indian exports, investor sentiment is expected to shift toward a more cautious yet measured stance. According to Utsav Verma, Head of Research – Institutional Equities at Choice Broking, sectors such as textiles, pharmaceuticals, and automotive components—key contributors to India's export basket—are likely to bear the brunt in the short term. 'These sectors may see reduced investor interest initially," he said. Market veteran Shankar Sharma emphasized that the broader weakness in Indian equities predates the U.S. tariff move. 'The Indian market isn't in a great position, and that has little to do with Trump's tariffs. It's more a function of domestic corporate earnings and structural issues. India has been one of the weakest performers globally in recent months," he observed. Sharma added that while the rupee might come under some pressure, the impact of the tariff news on market sentiment would be limited. 'It's significant, but not earth-shattering," he said. Meanwhile, Nirav Karkera, Head of Research at Fisdom, pointed to the IT sector as being particularly vulnerable. 'Among export-oriented sectors, IT is likely to feel the heat first, followed by steel, aluminium, and auto component companies. Pharmaceuticals and textiles—both heavily reliant on U.S. consumption—could also react sharply," Karkera said. However, Feroze Azeez, Joint CEO, Anand Rathi Wealth Limited, stated that 'the announcement of a 25% tariff on Indian goods, while higher than anticipated, broadly falls within the 15–20% range that markets had been bracing for. In that sense, it is not entirely unexpected. What requires close monitoring is the structure of the additional penalty linked to arms and energy imports from Russia, which remains undefined at this stage. From a technical standpoint, this move could weigh on near-term export competitiveness and trigger currency volatility if sentiment deteriorates. That said, the overall trade and investment relationship between India and the US still has room for improvement and is not yet in a worrisome zone. The Indian market is currently being driven largely by domestic investors, and FIIs are almost 85% short. Therefore, a major sell-off is not expected. Some volatility is likely, any dips will be buying opportunities for investors with even 2-3 year time frames as we have already had a 10-month time correction." The markets are likely to shrug off the US Federal Reserve's decision to keep the benchmark lending rate unchanged at the 4.25-4.5 percent mark for the fifth consecutive session in the July meeting. This move was largely priced in, with the CME Group's FedWatch tool indicating that 98 percent of market participants were expecting the Fed to stand pat. 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. tags : Nifty sensex view comments Location : New Delhi, India, India First Published: July 31, 2025, 07:49 IST News business » markets Trump's 25% Tariff Shock: What It Means For Indian Stock Markets 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.
Economic Times
3 days ago
- Business
- Economic Times
Deploy Broken Wing in LIC Housing Finance to benefit from bearish outlook
The Broken Wing Options Strategy, specifically the Broken Wing Butterfly (BWB), is a variation of the classic butterfly spread, which is used to take advantage of directional market moves while reducing risk and cost. Synopsis LIC Housing Finance has entered a bearish phase after breaking down from a Rising Wedge pattern. With weakening technicals, rising volumes, and a declining RSI, analysts suggest a Broken Wing Butterfly strategy to benefit from the stock's downside while maintaining a defined risk profile. LIC Housing Finance shares are currently trading at Rs 590.30 and have recently entered a corrective phase after a prolonged consolidation. The stock had formed a Rising Wedge pattern on the daily chart—a bearish setup that often signals a potential reversal. ADVERTISEMENT After facing consistent rejection from higher levels, it has now given a breakdown below the wedge, indicating growing selling pressure and a possible trend stock has slipped below all its key short-term and medium-term exponential moving averages (EMAs), reflecting weakening structure and a lack of buying interest at crucial support zones. 'This breakdown is further supported by increasing volumes, hinting at strong participation from sellers,' noted Hardik Matalia, Derivative Analyst at Choice Broking. The Relative Strength Index (RSI) is currently at 37.21 and trending downward, suggesting intensifying bearish momentum with room for further downside.'If LICHSGFIN breaches below the critical support level of Rs 580, it may trigger additional downside and extend the decline towards lower levels in the near term. Sustaining below this zone would validate the pattern breakdown and invite further selling interest,' he added. ADVERTISEMENT On the derivatives front, the highest Put Open Interest (OI) is at the Rs 580 strike, making it a crucial support further added that a breakdown below this could lead to unwinding of long positions. On the Call side, the highest OI is seen at Rs 600, followed by Rs 620, which are expected to act as immediate resistance levels on any attempted pullback. ADVERTISEMENT With this, Hardik Matalia suggests deploying a Broken Wing strategy in LIC Housing Finance to play the bearish outlook in the stock. The Broken Wing Options Strategy, specifically the Broken Wing Butterfly (BWB), is a variation of the classic butterfly spread, which is used to take advantage of directional market moves while reducing risk and cost. It is called a "broken wing" because one of the wings of the butterfly is intentionally unbalanced to create a skewed risk/reward strategy lowers the initial cost or generates a credit while limiting both risk and reward on one side of the trade, typically used to capitalise on small directional moves with defined risk. ADVERTISEMENT Below is the payoff graph of the strategy: (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Mint
3 days ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 29 July 2025
Breakout stocks buy or sell: The Indian stock market extended its losing streak for the third straight session on Monday, July 28, closing in the red amid continued pressure from heavy FPI outflows, disappointing corporate earnings, and ongoing uncertainty surrounding India-US trade discussions. The Sensex ended the day 572 points, or 0.70%, lower at 80,891.02, while the Nifty 50 declined by 156 points, or 0.63%, to settle at 24,680.90. Meanwhile, the broader markets also witnessed a downturn, with the BSE Midcap index slipping 0.73% and the Smallcap index dropping 1.31%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market mood has further weakened as the Nifty 50 index has slipped below 24,700 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index has crucial support placed at 24,500 and it is facing resistance at 24,900. 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." 1] Jagsonpal Pharmaceuticals: Buy at ₹ 287.8, target ₹ 308, stop loss ₹ 277; 2] Sterlite Technologies: Buy at ₹ 126.2, target ₹ 135, stop loss ₹ 122; 3] Cartrade Tech: Buy at ₹ 2066.9, target ₹ 2200, stop loss ₹ 1980; 4] Vijaya Diagnostic Centre: Buy at ₹ 1141.35, target ₹ 1222, stop loss ₹ 1100; 5] Advait Energy Transitions: Buy at ₹ 2316, target ₹ 2500, stop loss ₹ 2222. 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.
