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Mint
5 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.
Mint
6 hours ago
- Business
- Mint
Nifty, Sensex open in red due to consistent FPI selling, US tariff uncertainty
Mumbai [India], : The Indian stock markets opened on a weak note on Tuesday, weighed down by persistent foreign portfolio investor selling and concerns over a delay in the India-US trade deal, which may lead to a 15 per cent tariff. The Nifty 50 index opened at 24,609.65, down by 71.25 points or 0.29 per cent, while the BSE Sensex opened lower at 80,620.25, registering a loss of 270.77 points or 0.33 per cent. Market experts noted that Indian equities are currently in an oversold zone, and while a short-term technical bounce is possible, a sustained rally will likely return only if FPI flows turn positive. Ajay Bagga, a banking and market expert, told ANI, "Indian markets are facing consistent FPI selling, with secondary market FPI sales in July crossing ₹ 36,000 crores. The market is bipolar, with the primary market offering seeing strong interest and promoter selling crossing ₹ 130,000 crores year-to-date. There is no catalyst on the horizon, as the US-India trade deal seems delayed and at a 15 per cent tariff rate at best." He added, "Indian stocks are in a heavily oversold zone and the monthly expiry of a very long July is approaching with a fifth week of weak sentiment, weak positioning and underwhelming earnings. Somewhere a technical bounce will come from these oversold levels, but right now a catalyst for this is lacking. Time to hunker down and wait for things to consolidate. Ten months are over since the last all-time highs. It seems to be a lower-for-longer wait ahead." On the global front, markets shrugged off the US-EU trade deal and focused on a week packed with data on earnings, job growth, unemployment, and central bank actions. Experts noted that markets are experiencing "Trump Tariff ennui," a weariness from repeated cycles of aggressive trade threats, temporary reliefs, and eventual deals settled around the 15 to 20 per cent tariff range. Asian markets were cautious ahead of the outcome of the US-China trade talks in Stockholm, expected to conclude tonight. According to the South China Morning Post, the China tariffs deadline may be pushed by 90 days. Deals with China, Canada, and Mexico are still awaited, while markets are focusing on economic indicators and central bank policy guidance. Back home, in the broader NSE indices, the Nifty 100 was trading flat. The Nifty Midcap 100 index was up by 0.11 per cent, while the Nifty Smallcap index was down by 0.04 per cent. Among sectoral indices, Nifty IT continued its decline, down by 0.36 per cent at the time of filing this report. Other sectoral performers included Nifty Auto, up by 0.06 per cent, Nifty FMCG gained 0.22 per cent, Nifty Media surged 0.34 per cent, Nifty Metal rose by 0.41 per cent, Nifty Pharma gained 0.19 per cent, Nifty PSU Bank up by 0.28 per cent, and Nifty Realty was higher by 0.20 per cent. Akshay Chinchalkar, Head of Research at Axis Securities, said, "The Nifty finished 156 points down yesterday and ended below the crucial 24,700 mark. Technically speaking, the ongoing decline has the 24,400-500 support area in its sights as long as immediate resistance at 25,000 is not challenged. The real test for bulls will be at 24,200 should prices get there." On the earnings front, several major Indian companies including Larsen & Toubro, NTPC, Asian Paints, Varun Beverages, GMR Airports, GE Vernova, TD India, Bank Of India, Apar Industries, Piramal Enterprises, New India Assurance Company, Amber Enterprises India Limited, Star Health & Allied Insurance Company, Welspun Corp, and Deepak Fertilisers and Petrochemicals Corporation are scheduled to announce their Q1 results today. In other Asian markets, Japan's Nikkei 225 index fell by 0.83 per cent, Singapore's Straits Times declined by 0.44 per cent, Hong Kong's Hang Seng index lost 1.25 per cent, Taiwan's weighted index dropped 1.01 per cent, while South Korea's KOSPI index bucked the trend, gaining 0.61 per cent. This article was generated from an automated news agency feed without modifications to text.
Mint
9 hours 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.
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Business Standard
17 hours ago
- Business
- Business Standard
FPI selloff, result woes drag Indian equity markets down for a third day
Indian equity benchmarks slumped on Monday, weighed down by stalled India-US trade talks, sustained foreign portfolio investor (FPI) selling, and sharp declines in banking and IT heavyweights. The Sensex plunged 572 points (0.7 per cent) to close at 80,891, while the Nifty fell 156 points (0.6 per cent )to 24,681. The selloff erased ₹3.8 trillion from the total market capitalisation of BSE-listed firms, now at ₹448 trillion. Monthly losses stand at ₹13.3 trillion, with both benchmarks down nearly 6 per cent from September peaks. Investors were wary of taking positive bets amid reports that trade talks between India and the US remained deadlocked and dimmed hopes of an interim deal before US President Donald Trump's deadline. On the contrary, the deal between the US and EU eased concerns of a bigger trade tiff that could have hurt the global economy. US President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal on Sunday, which will see the bloc face 15 per cent tariffs on most of its exports. FPIs were net sellers on Monday, worth approximately ₹ 6,083 crore, marking their sixth consecutive day of selling and the largest single-day sale since May 30. Kotak Mahindra Bank was the largest contributor to the decline in the Sensex, followed by Bharti Airtel and Bajaj Finance. Kotak Mahindra Bank's shares declined 7.5 per cent, their biggest one-day fall since April 25, 2024, after the private lender posted a 40 per cent year–on–year (Y-o-Y) decline in its consolidated net profit to ₹4,472 crore in the April–June quarter. A rise in provisions and contingencies due to higher slippages also weighed on profits for the recently concluded quarter. TCS ended the session with a loss of 1.76 per after it announced on Sunday that it would lay off approximately 2 per cent, or around 12,260 employees, of its global workforce of 613,069 this financial year. "Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows. In contrast, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated,' said Vinod Nair, head of research of Geojit Investments. In the future, the remainder of corporate earnings and the trajectory of the trade deal with the US will determine the market movement. "Markets are currently grappling with headwinds on both domestic and global fronts. In the banking space, earlier resilience had helped limit the decline; however, renewed pressure across the sector — except for heavyweights ICICI Bank and HDFC Bank — is adding to participants' concerns. We now view the 24,450 – 24,550 zone as a critical support area, while the 24,900 – 25,000 range is likely to act as a resistance zone in case of a rebound. Traders should maintain a cautious stance and adjust their positions accordingly,' said Ajit Mishra, SVP-Research of Religare Broking. Market breadth was weak with 2,951 declines and 1,200 advances.
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Business Standard
19 hours ago
- Business
- Business Standard
FPI selling, weak earnings drag equity markets to three-month lows
Indian equity benchmarks slumped on Monday, weighed down by stalled India-US trade talks, sustained foreign portfolio investor (FPI) selling, and sharp declines in banking and IT heavyweights. The Sensex plunged 572 points (0.7 per cent) to close at 80,891, while the Nifty fell 156 points (0.6 per cent )to 24,681. The selloff erased ₹3.8 trillion from the total market capitalisation of BSE-listed firms, now at ₹448 trillion. Monthly losses stand at ₹13.3 trillion, with both benchmarks down nearly 6 per cent from September peaks. Investors were wary of taking positive bets amid reports that trade talks between India and the US remained deadlocked and dimmed hopes of an interim deal before US President Donald Trump's deadline. On the contrary, the deal between the US and EU eased concerns of a bigger trade tiff that could have hurt the global economy. US President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal on Sunday, which will see the bloc face 15 per cent tariffs on most of its exports. FPIs were net sellers on Monday, worth approximately ₹ 6,083 crore, marking their sixth consecutive day of selling and the largest single-day sale since May 30. Kotak Mahindra Bank was the largest contributor to the decline in the Sensex, followed by Bharti Airtel and Bajaj Finance. Kotak Mahindra Bank's shares declined 7.5 per cent, their biggest one-day fall since April 25, 2024, after the private lender posted a 40 per cent year–on–year (Y-o-Y) decline in its consolidated net profit to ₹4,472 crore in the April–June quarter. A rise in provisions and contingencies due to higher slippages also weighed on profits for the recently concluded quarter. TCS ended the session with a loss of 1.76 per after it announced on Sunday that it would lay off approximately 2 per cent, or around 12,260 employees, of its global workforce of 613,069 this financial year. "Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows. In contrast, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated,' said Vinod Nair, head of research of Geojit Investments. In the future, the remainder of corporate earnings and the trajectory of the trade deal with the US will determine the market movement. "Markets are currently grappling with headwinds on both domestic and global fronts. In the banking space, earlier resilience had helped limit the decline; however, renewed pressure across the sector — except for heavyweights ICICI Bank and HDFC Bank — is adding to participants' concerns. We now view the 24,450 – 24,550 zone as a critical support area, while the 24,900 – 25,000 range is likely to act as a resistance zone in case of a rebound. Traders should maintain a cautious stance and adjust their positions accordingly,' said Ajit Mishra, SVP-Research of Religare Broking. Market breadth was weak with 2,951 declines and 1,200 advances.
