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Mint
5 hours ago
- Business
- Mint
Sensex, Nifty 50 end flat; BEL, Reliance shine— 10 key highlights from Indian stock market today
Indian stock market benchmarks, the Sensex and the Nifty 50, ended slightly higher on Tuesday, July 1, thanks to gains in shares of BEL, Reliance Industries and HDFC Bank, amid mixed global cues. The Sensex ended the day 91 points, or 0.11 per cent, higher at 83,697.29, while the Nifty 50 settled at 25,541.80, up 25 points, or 0.10 per cent. The mid and small-cap segments ended lower. The BSE Midcap and Smallcap indices slipped 0.07 per cent and 0.18 per cent, respectively. (This is a developing story. Please check back for fresh updates.)
Mint
14 hours ago
- Business
- Mint
Best stocks to buy today, 1 July, recommended by NeoTrader's Raja Venkatraman
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. Three stocks to trade today, 1 July, as recommended by NeoTrader's Raja Venkatraman: Jtekt India (Current market price ₹145.53) Stock Market Recap: 30 June India's recent market rally paused on Monday, with both the Sensex and Nifty closing lower after early weakness dragged the latter briefly below the 25,500 mark. A late rebound in PSU banks, tech, and media stocks helped pare losses, pushing the Nifty back above that level by the close. The Sensex ended the day down 452.44 points (-0.54%) at 83,606.46, while the Nifty slipped 120.75 points (-0.47%) to settle at 25,517.05. Broader markets once again outperformed the benchmarks: the BSE Midcap index rose 0.6% and the Smallcap index added 0.8%. The Nifty Bank index, which touched a fresh high of 57,614.50 intraday, cooled off to end 0.2% lower at 57,312.75. Among the top drags were Tata Consumer, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp, and Maruti Suzuki. On the gainers' side, Trent, SBI, IndusInd Bank, Bharat Electronics, and Jio Financial provided support. At the sector level, PSU banks surged 2.6% and pharma rose 0.5%, while realty, FMCG, autos, and metals saw mild pullbacks. Investors will now watch for global cues and whether the ongoing outperformance in midcaps can be sustained. Outlook for Trading The market remains under pressure at higher levels, lacking the conviction needed to sustain its upward momentum. While occasional rallies are visible, persistent low participation and weak follow-through suggest that bullish trends are struggling to hold. Geopolitical tensions—intensifying since April—have kept volatility elevated, making both trading and investing a challenging affair. At present, there are no clear signals indicating the extent or timing of any near-term correction. As highlighted in our previous note, the 24,800–24,900 zone continues to be a critical support range. The trading band is narrowing, and current option data suggests bearish undertones: the put-call ratio (PCR) has dropped to 0.65, indicating selling pressure at higher levels. Notably, call writing has now shifted lower to the 25,600 strike, establishing it as the next key resistance. Despite sporadic attempts to push higher, the market has been unable to gather enough strength to sustain an upward move. The 'max pain" level currently sits at 25,500—a zone that now needs to hold in order to maintain upward momentum. Continued dip-buying has kept bullish hopes alive, but the lack of clarity in directional cues means traders should adopt a neutral bias in the near term. With trends turning increasingly two-sided, a balanced and pragmatic approach is essential to navigate the current market phase. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. 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.
Mint
2 days ago
- Automotive
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 June 2025
Breakout stocks buy or sell: The Indian stock market extended its winning streak for the fourth consecutive session on Friday, June 27, buoyed by largely positive global trends. The Sensex rose by 303 points, or 0.36%, to settle at 84,058.90, while the Nifty 50 gained 89 points, or 0.35%, closing at 25,637.80. Broad-based buying was observed across the market, with the BSE Midcap index up by 0.38% and the Smallcap index increasing by 0.54%. In the last four sessions, the Sensex has surged by 2,162 points, marking a nearly 3% rise, with the Nifty 50 mirroring this upward trend. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index closed above its previous days close. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is heading towards the immediate target of 25,700, while on the lower side, it has made a strong base in 25,300 to 35,250 levels. 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." Sumeet Bagadia recommends five breakout stocks to buy today: NDR Auto Components, Indraprastha Medical Corporation, LT Foods, Redington, and SML Isuzu. 1] NDR Auto Components: Buy at ₹ 1078.55, target ₹ 1150, stop loss ₹ 1035; 2] Indraprastha Medical Corporation: Buy at ₹ 449.35, target ₹ 477, stop loss ₹ 432; 3] LT Foods: Buy at ₹ 483.25, target ₹ 515, stop loss ₹ 465; 4] Redington: Buy at ₹ 322.05, target ₹ 345, stop loss ₹ 310; 5] SML Isuzu: Buy at ₹ 2034.1, target ₹ 2160, stop loss ₹ 1965. 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.
Hans India
2 days ago
- Business
- Hans India
Lloyds Engineering, Mukta Arts & RattanIndia top stocks for June 30: Experts
The Indian stock market ended Friday, June 27, on a strong note, extending its rally for the fourth straight session. The Sensex gained 303 points (0.36%) to close at 84,058.90, while the Nifty 50 rose 89 points (0.35%) to settle at 25,637.80. Broader markets also showed strength, with the BSE Midcap index up by 0.38% and the Smallcap index rising by 0.54%. Over the last four sessions, the Sensex has jumped by 2,162 points — nearly a 3% surge — with the Nifty 50 registering a similar uptrend. Sumeet Bagadia, Executive Director at Choice Broking, believes market sentiment has turned positive, especially with the Nifty closing above previous resistance levels. He suggests a stock-specific approach, focusing on technically strong counters. For Monday, June 30, 2025, Bagadia recommends the following three stocks, all priced under ₹100: 1. Lloyds Engineering Works Buy Price: ₹68.70 Target Price: ₹73.50 Stop Loss: ₹66.30 Rationale: Technically strong setup with potential for short-term breakout. 2. Mukta Arts Buy Price: ₹88.96 Target Price: ₹95.00 Stop Loss: ₹85.50 Rationale: Attractive risk-reward ratio with upward momentum. 3. RattanIndia Enterprises Buy Price: ₹63.23 Target Price: ₹68.00 Stop Loss: ₹61.00 Rationale: Consolidation near support levels makes it a good entry point. Disclaimer: Stock recommendations are based on the views of analysts and do not constitute financial advice. Investors are advised to consult with a SEBI-registered financial advisor before making investment decisions.
Mint
4 days ago
- Business
- Mint
Sensex jumps over 2,100 points in 4 days; investors earn ₹12 lakh crore; 5 key factors that drove the rally
Indian stock market extended gains to the fourth consecutive session on Friday, June 27, with the benchmarks- the Sensex and the Nifty 50- clocking decent gains amid largely positive global cues. The Sensex closed 303 points, or 0.36 per cent, higher at 84,058.90, while the Nifty 50 settled at 25,637.80, up 89 points, or 0.35 per cent. The domestic market saw gains across segments as the BSE Midcap and Smallcap indices rose 0.38 per cent and 0.54 per cent, respectively. The Sensex rose 2,162 points, or nearly 3 per cent, in the last four sessions. The Nifty 50, too, gained nearly 3 per cent in the same period. The cumulative market capitalisation of BSE-listed firms has jumped to ₹ 460 lakh crore from ₹ 448 lakh crore on Monday, June 23, making investors richer by about ₹ 12 lakh crore in just four sessions. The Nifty 50 is now just 640 points, or 2.4 per cent below its all-time high of 26,277.35 hit on September 27 last year, while the Sensex is 1,919 points, or 2.2 per cent, below its record high of 85,978.25. (This is a developing story. Please check back for fresh updates.)
