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Mint
07-07-2025
- Business
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Titan, NALCO shares today- 7 July 2025
Stock market today: India's stock market indices are expected to have a flat opening on Monday, as investors remain cautious ahead of the impending US tariff deadline. The Gift Nifty futures were reported at 25,535 points as of 7:58 IST, suggesting that the Nifty 50 will start close to its last closing value of 25,461. Asian equities opened lower after US officials indicated a postponement in the forthcoming tariffs but did not provide clarity or formal documentation, leaving investors uncertain about the nature of the change. Last week, both the Nifty 50 and Sensex experienced a decline of 0.7% each. Dharmesh Shah of ICICI Securities said Nifty 50 would head towards 25,800 in the coming week. Shah has recommended two stock to buy for short-term. Investors should consult experts before making decisions. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmarks have taken a breather amid increasing anxiety ahead of trade deal deadline. Nifty 50 dropped 1% to settle the week at 25400. Sectorally, Consumption, Pharma, Defence remained at forefront while, realty, financials (ex- PSU Banks) underwent profit booking. The weekly price action formed a small bear candle carrying higher low, indicating pause in upward momentum after past two weeks up move. The index is sustaining well above recent consolidation breakout that coincided with 20 days EMA which has been majorly held since April-25. We believe, ongoing retracement would make market healthy and pave the way to head towards 25,800 in the coming week. Going ahead, all eyes will be on outcome of US-India bilateral trade deal coupled with onset of Q1FY26 earning season which will result into acceleration of ongoing uptrend. The better-than-expected outcome would fuel momentum to challenge All Time High in coming month wherein strong support is placed at 24,900. From the seasonality perspective, July has been the favourable month for Nifty 50 since 1991, 71% of the time returns have been positive with an average of 2.5%. Structurally, over past three months index has maintained its winning streak while absorbing host of negative news around geo-political uncertainties coupled with clarity of trade tariff. In the process, market breadth has shown gradual improvement as currently ~60% stocks of Nifty 500 universe are trading above 200 days EMA compared to last month's reading of 52% that bodes well for durability of ongoing up move. On the global macro front, weakness in US Dollar index would result into FII's inflow in emerging markets while cool off in Brent crude oil would boost the market sentiment. The formation of higher peak and trough makes us maintain our support base at 24,900 for the Nifty 50 which is based on 61.8% retracement of recent rally (24,473-25,654) and 20-day EMA. Dharmesh Shah of ICICI Securities recommends buying Titan and National Aluminium Company Ltd (Nalco) shares this week. Buy Titan shares in the range of ₹ 3,454-3,676. He has Titan share price target of ₹ 3,978 with a stop loss of ₹ 3,280. Buy Nalco shares in the range of ₹ 186-192. He has Nalco share price target of ₹ 216 with a stop loss of ₹ 174. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 04/07/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Time of India
07-07-2025
- Business
- Time of India
Where is Nifty headed this week amid trade deal uncertainty?
Indian stock market awaits clarity on the US-India trade deal. Nifty may find support between 24,900 and 25,200. A breakout above 26,000 could lead to new highs. Analysts suggest buying on market dips. BFSI, metals, capital goods, pharma, and consumption sectors are likely to be in focus. Several large and mid-cap stocks are expected to perform well. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The market remained range-bound last week as investors awaited clarity on the upcoming US-India trade deal and the US tariff deadline on July 9. Analysts expect the benchmark Nifty to find support in the 24,900–25,200 range this week. A decisive breakout above the 26,000 level could pave the way for a continued rally toward new all-time highs. Analysts suggest that investors consider using market dips as buying PRESIDENT, HEAD OF TECHNICAL, ICICI SECURITIESEquity benchmarks have taken a breather amid increasing anxiety ahead of the trade deal deadline. Nifty dropped 1% to settle the week at 25,400. Sectorally, consumption, pharma, defence remained at the forefront; while, realty, financials (ex- PSU Banks) underwent profit booking. The weekly price action formed a small bear candle carrying higher low, indicating pause in upward momentum after past two weeks up quarterly numbers may fuel momentum to challenge the all-time high of 26,277. From a seasonality perspective, July has historically been a favourable month for the Nifty. Since 1991, it has delivered positive returns 71% of the time, with an average gain of 2.5%.Any dip from current levels should be viewed as a buying opportunity, with strong support seen near the 24,900 persistent FII inflows, the bilateral trade agreement between India and the US, a decline in the US Dollar Index, and easing Brent crude prices are expected to provide support to the the sectoral front, BFSI, metals, capital goods, pharma, and consumption are likely to remain in focus. Reliance, HDFC Bank, Titan, Tata Steel, L&T and IOC look good for 5-6% gains. Among midcaps, Auro Pharma, Engineers India, Federal Bank, CESC, Gokaldas Exports, Canara Bank, BEML, JSW Infra, Vguard look good for 8-10% HEAD, SIHLAfter a strong trending move, market has shifted into a rangebound phase, largely driven by anticipation around the upcoming trade deal between India and the US. The market may remain sideways between 25,100 and 25,600. A decisive close above 25,600 could open the path toward 26,000. On the downside 25,100 is likely to serve as a strong RBI data signals a strong economic rebound with rising consumer spending, robust export growth, and capacity utilisation exceeding long-term averages. With fundamentals strengthening, market sentiment is likely to remain upbeat. Any dip or consolidation should be viewed as a buying opportunity. Sectors poised to benefit from this momentum include banking, consumer discretionary, infrastructure, and textiles. Among the large caps, HDFC Bank, UltraTech Cement, Hindalco, and M&M look good. In the mid-cap space, Hindustan Copper, Zydus Life, and Max Healthcare stand out, while Nitin Spinners, and Poonawalla Fincorp offer small-cap - TECHNICAL AND DERIVATIVE RESEARCH DESK, SBI SECURITIESThe global backdrop remains supportive for risk assets. While Nifty and the broader small-cap and mid-cap indices traded in a tight range last week, it reflects market indecision and consolidation ahead of the key July 9 tariff deal deadline. From a medium-term view, the broader trend remains bullish, with Nifty trading above key short- and long-term moving averages, keeping the structural uptrend intact. The 20-day EMA zone of 25,250–25,200 will act as immediate support. On the upside, 25,600–25,650 remains a key hurdle. A decisive breakout on either side will likely trigger a trending move in the ongoing consolidation offers a good opportunity for long-term investors to accumulate quality largeand mid-cap stocks. Traders should focus on banking & financials, consumer durables, pharma, and oil & gas, which may outperform in the near term. A stock-specific approach remains key, with picks like Divi's Lab, Balkrishna Industries, BPCL, IOC, Chennai Petro, CSB Bank, and Navin Fluorine likely to show strength.
Economic Times
05-07-2025
- Business
- Economic Times
Nifty seen moving rangebound amid sector rotation; cautious optimism advised
Nifty is expected to trade between 25,000–25,650 in the coming week without a clear directional trend. Sector rotation remains key, with Auto, Energy, and IT showing strength, while PSU Banks and Midcaps lead on relative rotation graphs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) After a strong move in the week before this one, the Nifty spent the last five sessions largely consolidating in a very defined markets traded with a weak underlying bias and lost ground gradually over the past few days; however, the drawdown remained quite measured and within the expected range. As the markets consolidated, the trading range got Nifty moved in a 337-point range during the week. While the Index formed a near-similar high, it marked a much higher low. The volatility also retraced; the India VIX came off by 0.59% to 12.31. While showing no intention to trend higher, the headline Index closed with a net weekly loss of 176.80 points (-0.69%).The Nifty has created an intermediate resistance zone between 25600 and 25650. A trending move on the upside would happen only if the Nifty is able to take out this zone on the upside convincingly. Until that happens, we will see the Nifty continuing to consolidate with 25100 acting as support. This is the prior resistance level, which is expected to act as support in case of any corrective retracement. So long as the Nifty is inside the 25000-25650 zone, it is unlikely to develop any sustainable directional bias on either was a trading holiday in the US. Because of this, we will not have any overnight cues to deal with on Monday. The Indian markets may see a stable and quiet start. The levels of 25650 and 25800 are likely to act as probable resistance points. Support levels come in at 25250 and weekly MACD is bullish and remains above its signal line. The weekly RSI is 62.40; it stays neutral and does not show any divergence against the price. No major formation was noticed on the pattern analysis of the weekly chart shows that after breaking above the rising trendline resistance while moving past the 25000-25150 zone, the Nifty consolidated after trending higher for four days. Over the past week, it gave up a portion of its gains and consolidated at higher levels. In the process, it has dragged its support level higher to 25000. As long as the Index remains above this point, the breakout and the resumption of the upmove observed in the preceding week remain valid and it is expected that the Nifty will remain within the 25000-25650 range over the coming week. The markets are unlikely to develop any directional bias unless they move past the 25650 level or violate the 25000 level. Sector rotation within the market is very much visible; it would be imperative to efficiently rotate sectors and stay invested in those that show improved relative strength and a promising technical setup. We are likely to see improved performance in the Auto, Energy, IT, and broader markets, among other sectors. It is also strongly recommended to protect profits here, where the stocks have run up hard. Any aggressive shorting should be avoided as long as the Nifty stays above the 25000 level. A cautiously positive approach is advised for the coming our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed Rotation Graphs (RRG) show that the Nifty PSU Bank Index and the Midcap 100 Index are the only two groups that are inside the leading quadrant. They are likely to outperform the broader markets Nifty Infrastructure Index is experiencing an improvement in its relative momentum while it remains within the weakening quadrant. Additionally, the PSE, Nifty Bank, and the Financial Services Index are located within the weakening quadrant. While individual stock-specific performance may not be ruled out, the overall relative performance may take a Commodities Index and the Services Sector Index have rolled inside the lagging quadrant. The Consumption, Pharma, and the FMCG Indices also continue to languish inside the lagging quadrant. The Metal Index is showing a sharp improvement in its relative momentum against the broader markets, while staying within the lagging IT, Energy, Media, Realty, and Auto Indices are inside the Improving quadrant. They continue to rotate firmly while improving their relative performance against the broader Nifty 500 Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell Vaishnav, CMT, MSTA, is a Consulting Technical Analyst and founder of and and is based in Vadodara. He can be reached at (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
01-07-2025
- Business
- Time of India
PSU Bank Index up 2.5% on FinMin call for monetisation
Mumbai: The Nifty PSU Bank Index jumped more than 2.5% Monday after the finance ministry urged these lenders to offer more credit and monetise subsidiaries through IPOs and stake sales. They bucked the declines in the rest of the banking space. The Nifty PSU Bank Index gained 2.7%, while the Bank Nifty and benchmark Nifty lost 0.2% and 0.5%, respectively. All 12 stocks in the PSU Bank index closed higher. Bank of Maharashtra soared 5.3% while Punjab National Bank and Bank of Baroda rallied 3.9% and 3% respectively. Union Bank, Canara Bank, UCO Bank and Indian Bank gained over 2.5% each. Analysts said the gains could be limited but PSU Banks could outperform its private peers in the near term. "Although it was known, recent nudge to public sector lenders by finance minister to monetise their subsidiaries via IPOs and stake sales led to uptick in these stocks as the managements of these banks are expected to start working on the same," said Kaitav Shah, Lead BFSI Analyst, Anand Rathi Institutional Equities. "SBI is our top stock pick as it has multiple catalysts in place and its fund-raising would be book accretive." Shah said that the gains could fizzle out as it was largely a knee jerk reaction as bond yields have hardened post the interest rate cut and net interest margin compression is also anticipated. So far this year, the Nifty PSU Bank Index gained 10.1% while the benchmark Nifty index rose 7.5% in the same period. "The finance minister urged PSU banks to raise credit growth which was perceived positively," said Vishal Narnolia, AVP research, ICICI Securities. "PSU Banks can outperform private peers in the near term due to limited margin compression given their better Current Account Savings Account (CASA) ratio and lower Credit-Deposit (CD) ratio." Narnolia said that the valuations in the sector are also reasonable and there is room for further upside potential in these stocks in the near-term. Shrikant Chouhan, head of research, Kotak Securities said despite encouraging results, investors should not be swayed solely by short-term momentum and has a positive view on State Bank of India and Union Bank of India.
Mint
01-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 1 July
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. Two stocks recommended by MarketSmith India for 1 July: Nifty 50: Performance on 30 June The Nifty 50 opened flat on Monday and faced profit booking at higher levels, trading with a negative bias and closing near the day's low. This price action resulted in a bearish candle on the daily chart. Despite the weakness, the index managed to hold above the 25,500 mark. Sectoral performance was mixed—PSU Banks, Pharma, and IT closed in the green, while Private Banks, Realty, Auto, FMCG, and Metals ended in the red. Broader market indices outperformed, supporting positive market breadth, with the advance-decline ratio at 3:2. Technically, the Nifty continues to trend above all key moving averages across timeframes, affirming its strong bullish structure. The recent breakouts on both daily and weekly charts strengthen the positive outlook. Momentum indicators support this view: the RSI is trending upwards around 63–64, and the daily MACD has confirmed a positive crossover, signalling continued near-term strength. According to O'Neil's methodology of market direction, the Nifty reclaimed its recent high of 25,116, upgrading the market status to a Confirmed Uptrend as of 11 June 2024. While profit booking was seen on Monday, broader sentiment remains positive. However, near-term upside may be limited this week. If momentum holds, the index could move toward 25,700–25,800, with potential to test 26,000. On the downside, immediate support lies at 25,500, with stronger support at 25,200. Nifty Bank: Performance Overview The Nifty Bank index declined 0.23% on Monday after a volatile session. Despite hitting a fresh intraday all-time high, the index reversed and closed lower due to profit booking, primarily in heavyweight private banks. PSU banks, however, posted gains. The broader FINNIFTY index underperformed, closing down 0.62%. Technically, Nifty Bank continues to hold above all key moving averages across timeframes, reaffirming the strength of its bullish trend. It formed a small bearish candle on the daily chart but maintained a 'higher-high, higher-low' structure, suggesting underlying resilience. Momentum indicators remain supportive: the daily RSI is around 65 in bullish territory, and the MACD has posted a positive crossover. The weekly chart also maintains a bullish setup, with both RSI and MACD pointing upward, supporting a strong medium-term outlook. Per O'Neil's model, Nifty Bank has recently transitioned from an Uptrend Under Pressure to a Confirmed Uptrend phase. Despite the recent pullback, sentiment remains positive. A sustained hold above 57,000 could push the index toward 58,500–59,000. On the downside, immediate support is seen at 56,500, with a stronger support zone near 56,000. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 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.
