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Mint
2 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 28 July 2025
Buy or sell stocks: The week from 28 July to 01 August 2025 is packed with key economic events across the United States, India, and China, which could significantly influence global market sentiments, including the Indian stock market. In the US, attention will be on the US Federal Reserve's FOMC rate decision scheduled for 30 July, which could shape expectations around interest rate policy amidst persistent inflation concerns. The GDP Annualised QoQ and ADP Employment Change data will also be released on the same day, offering a glimpse into the economic growth trajectory and private sector hiring trends. On 31 July, the Initial Jobless Claims report will provide further clarity on the labour market's health. The week will culminate on 01 August with a series of important US releases, including Nonfarm Payrolls, ISM Manufacturing PMI, S&P Global US Manufacturing PMI, and the Unemployment Rate—all of which will collectively paint a comprehensive picture of employment dynamics and manufacturing sector performance. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment has weakened as the Nifty 50 index has slipped below the 50-DEMA support of 24,900. The key benchmark index may try to test the 24,700 to 24,650 levels. However, the next crucial support for the 50-stock index is 24,500. On the upper side, 25,050 may act as a critical hurdle. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed heavy profit booking in the last two sessions from the crucial hurdle of 25,050 zone and has slipped below the important 50-DEMA zone at 24,950 level to weaken the bias having next near-term support visible near 24,670-24,750 zone and the crucial important support positioned near the 24,500 level. The index has arrived at the base of the ascending channel pattern on the daily chart at the 24,800 zone, and a revival from the current rate will improve the bias once again if it decisively breaches above the 25,000 zone in the coming sessions." "The Bank Nifty index continued with the slide with a weak candle indication on the daily chart, and once again is on the way to retest the important 50-DEMA zone near the 56,000 level, which is the crucial support. The index needs to sustain the 50-DEMA zone to keep the bias intact; otherwise, it can trigger a fresh downward slide in the coming sessions. At the same time, on the upside, Parekh added that the tough resistance barrier near the 57,300 zone needs to be breached decisively to expect fresh upward movement and strengthen the trend," Parekh added. Parekh said that the Nifty 50 index's support is 24,700, while the resistance is 25,000. The BankNifty's daily range would be 56,000 to 57,000. Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: Lupin, Bodal Chemicals, and Anupam Rasayan India. 1] Bodal Chemicals: Buy at ₹ 74.40, Target ₹ 78, Stop Loss ₹ 72; 2] Lupin: Buy at ₹ 1952, Target ₹ 2050, Stop Loss ₹ 1920; and 3] Anupam Rasayan India: Buy at ₹ 1145, Target ₹ 1180, Stop Loss ₹ 1120. 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
2 days ago
- Business
- Mint
Market watch: Global economic events, US trade talks outcome to drive market sentiment
Mumbai [India], : The upcoming week is set to be crucial for stock markets, with a flurry of key economic events scheduled across the United States, India, and China. Market experts suggest that investor sentiment could be significantly influenced by economic indicators, particularly the outcome of ongoing trade deal discussions between India and the US, which are being closely monitored for signs of progress. "The week from 28 July to 01 August 2025 is packed with key economic events across the United States, India, and China, which could significantly influence global market sentiment," the Bajaj Broking Research team said in its weekly market note. Meanwhile, experts say that positive surprises from the first-quarter financial season could positively shape sentiment. "At this stage, any positive development on the global front, particularly around trade negotiations involving the US, could act as a much-needed catalyst for the market. A constructive outcome or even signs of progress in trade talks would help ease investor concerns. Also, from the remainder of Quarterly Results, any positive surprise could also lead to providing support at lower levels," said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. In India, the economic week begins with the release of the Industrial Production YoY data on 28 July, which will help assess the strength of the country's industrial sector. This will be followed by the HSBC India Manufacturing PMI on August 1, which will offer insights into factory output and business conditions in the manufacturing sector. Meanwhile, China will release its Manufacturing PMI data on 31 July, an important indicator of industrial activity and business confidence in the region. In the United States, attention will be firmly on the Federal Reserve's FOMC rate decision, scheduled for July 30, a critical event that could shape expectations around interest rate policy amid persistent inflation concerns. Alongside this, the GDP Annualised QoQ and ADP Employment Change data will also be released on the same day, offering a glimpse into the economic growth trajectory and private sector hiring trends. On 31 July, the Initial Jobless Claims report will provide further clarity on the health of the labour market. The benchmark Nifty index has continued its downward trajectory, extending its losing streak for the fourth consecutive week. The analysts stated that the persistent weakness in the market can be attributed to a combination of factors, including the absence of strong positive triggers, Q1 earnings from key corporates coming in below expectations, and lingering uncertainty on the global trade deal front, all of which have dampened investor sentiment. During the week, the index made a feeble attempt to rebound from the crucial support zone; however, the recovery lacked conviction and fizzled out quickly. On Wednesday, Nifty managed to close above its 20-day EMA, briefly reviving hopes of a turnaround. But the optimism was short-lived, as renewed selling pressure dragged the index back into negative territory. The earnings season so far has largely fallen short of expectations, with several major companies reporting weaker-than-anticipated results. This underperformance has dampened investor sentiment, particularly at a time when markets were expecting strong earnings to serve as a key catalyst for upward momentum. Beyond earnings, the absence of any significant positive domestic triggers and the continued uncertainty surrounding global trade negotiations have added to the cautious mood. These combined factors are contributing to the downward pressure on the market, according to the market analysts. While weak earnings alone may not be the sole reason for the market correction, when coupled with global headwinds and a lack of fresh buying triggers, they certainly add weight to the bearish undertone prevailing in the current environment. This article was generated from an automated news agency feed without modifications to text.
