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Mint
17-07-2025
- Business
- Mint
Best stocks to buy today, 17 July, recommended by NeoTrader's Raja Venkatraman
India's macroeconomic backdrop remains robust, driven by easing inflation, lower interest rates, a healthy monsoon, and softer crude prices. Eight straight months of easing inflation have fuelled investor confidence and ignited a relief rally. Investor caution persists, however, as the market awaits Q1FY26 corporate earnings. An upgrade in earnings estimates is key to validating current premium valuations. On the global front, mixed sentiment stems from fading hopes of a near-term U.S. Fed rate cut due to sticky inflation and fresh tariff concerns, notably a proposed 50 percent duty on copper. Though the Jane Street episode is now behind us, it has left a residue of uncertainty that could prove an impediment to the market's progress. SWANENERGY: Buy above ₹ 522 and on dips to ₹ 485, stop ₹ 475, target ₹ 574-595 SOBHA: Buy above ₹ 1,651 and on dips to ₹ 1,620, stop ₹ ,1599, target ₹ 1,775-1,800 EMUDHRA: Buy above ₹ 822 and on dips to ₹ 795, stop ₹ 785, target ₹ 865-885 Market indices traded in a narrow corridor on 16 July. The Sensex closed at 82,634.48, up 0.08%, and the Nifty at 25,212.05, up 0.06 %. Market breadth favored advancers, with 2,234 gainers against 1,658 losers. The Nifty is rebounding again is now testing supports around 25,000. The ongoing rise will face challenges at immediate value area resistances on the daily chart around 25,300 then 25,500. While 25,300 is acting as a stiff resistance, a move above this would force the bears to rethink. The pullback is being currently being bought into as investors are expecting a revival. While there has been some buying, we could be entering a critical phase as the week is coming to a close. We can now revise the next set of supports to around 22,300, where buying the dip could emerge. The Put Call Ratio (PCR) has moved to 0.87 and is just below 1 in Nifty and 0.87 in Bank Nifty, highligting a sedate approach by the bulls. A look at Bank Nifty shows constant support from the ascending trendline, highlighting the possibility of a rebound. An encouraging trigger could carry prices higher. Source: TradingView At the moment the bears have not been able to drag the index much lower. Until we see Nifty move below 25,000 decisively, Open Interest data suggests immediate supports is at 25,200. Buy above ₹ 522 and dips to ₹ 485, stop ₹ 475, target ₹ 574-595 Why it's recommended: After spending lot of time in consolidation the prices corrected sharply and broke the recent supports to test the cloud support suggesting that the trends could now revive. As the prices have now neared the cloud support region around 68, we can look to trade the rebound. Consider going long. After spending lot of time in consolidation the prices corrected sharply and broke the recent supports to test the cloud support suggesting that the trends could now revive. As the prices have now neared the cloud support region around 68, we can look to trade the rebound. Consider going long. Key metrics: P/E: 1797.16 52-week high: ₹ 809.80 Volume: 31.22M Technical analysis: Support at ₹ 450, resistance at ₹ 650 Support at 450, resistance at 650 Risk factors: Market volatility and sector-wide fluctuations in geopolitical news could impact returns. Market volatility and sector-wide fluctuations in geopolitical news could impact returns. Buy at: above ₹ 522 and dips to ₹ 485 above 522 and dips to 485 Target price: ₹ 574-595 in one month 574-595 in one month Stop loss: ₹ 475 Buy above ₹ 1,651 and dips to ₹ 1,620, stop ₹ 1,599 target ₹ 1,775-1,800 Why it's recommended: SOBHA is experiencing a tailwind due to its strong performance last quarter. Profit booking in June dragged the stock down to the cloud support. The subsequent recovery over the past two days has now formed a rounding pattern at higher levels. This can be seen as an opportunity to initiate a long. SOBHA is experiencing a tailwind due to its strong performance last quarter. Profit booking in June dragged the stock down to the cloud support. The subsequent recovery over the past two days has now formed a rounding pattern at higher levels. This can be seen as an opportunity to initiate a long. Key metrics: P/E: 157.11 52-week high: ₹ 2,066.20 Volume: 490.46K Technical analysis: Support at ₹ 1,497, resistance at ₹ 1,800 Support at 1,497, resistance at 1,800 Risk factors: Rising input costs, increased operational expenses, and potentially foreign exchange impacts. Rising input costs, increased operational expenses, and potentially foreign exchange impacts. Buy at: above ₹ 1,651 and dips to ₹ 1,620. above 1,651 and dips to 1,620. Target price: ₹ 1,775-1,800 in one month. 1,775-1,800 in one month. Stop loss: ₹ 1599 EMUDHRA: Buy above ₹ 822 and dips to ₹ 795, stop ₹ 785, target ₹ 865-885 Why it's recommended: The stock has been forming a rounding pattern for the past few days and a with strong volume-led breakout in the last few sessions has managed to cross the KS line, resulting in a strong breakout. The formation of a long body candle with positive news on acquisition augurs well for the stock. Momentum is also seen heading higher. The stock has been forming a rounding pattern for the past few days and a with strong volume-led breakout in the last few sessions has managed to cross the KS line, resulting in a strong breakout. The formation of a long body candle with positive news on acquisition augurs well for the stock. Momentum is also seen heading higher. Key metrics: P/E: 361.62 52-week high: ₹ 1,023.55 Volume: 490.46K Technical analysis: Support at ₹ 750, resistance at ₹ 1,000 Support at 750, resistance at 1,000 Risk factors: Global economic challenges, and challenging macroeconomic environment. Global economic challenges, and challenging macroeconomic environment. Buy at: above ₹ 822 and dips to 795 above 822 and dips to 795 Target price: ₹ 865-885 in one month 865-885 in one month Stop loss: ₹ 785 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.
Time of India
16-07-2025
- Business
- Time of India
Gold prices open higher at Rs 97,389 per 10 grams after 2-day fall. Should you invest at this price?
Taking support from global trade tensions, Gold August futures contracts at MCX opened higher today by Rs 178 or 0.18% at Rs 97,389/10 g after settling negatively in the previous trading session. In the last 2 days, gold prices have fallen by Rs 400. Meanwhile, silver September futures contracts surged by Rs 314 or 0.28% at Rs 1,11,800/kg after witnessing profit booking for the last 2 days. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이 게임은 대부분의 TV 프로그램보다 더 재미있어요 – 게다가 무료예요. Raid: Shadow Legends 플레이하기 Undo On Tuesday, gold and silver settled on a weaker note in the domestic and international markets. Gold August futures contract settled at Rs 97,211 per 10 grams with a loss of 0.58% and silver September futures contract settled at Rs 1,11,486 per kilogram with a loss of 1.28%. Gold and silver extended their fall in a highly volatile session after hotter U.S. inflation data and strength in the dollar index. The U.S. CPI rose 0.3% in June against 0.1% in May, and CPI on a yearly basis came up at 2.7% against 2.4% in May. Annual core inflation rose to 2.9% in June month up from 2.8% in May. Hotter U.S. inflation data fades chances for early interest rate cuts by the U.S. Fed and intensifies selling in precious metals. Live Events Following the data, US President Donald Trump said that consumer prices were low and the U.S. Fed should bring down interest rates now. U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs, Dallas Fed Bank President Logan said. 'The dollar index hit a 3-week high and crossed 98 levels once again, and also pushed gold and silver prices lower. However, uncertainty in the global financial markets due to higher trade tariffs could support prices at lower levels,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. Today, the US Dollar Index, DXY, was hovering near the 98.57 mark, falling 0.05 or 0.05%. 'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets and U.S. trade tariff uncertainty, and gold prices could hold their support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he added. How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 96,950-96,600 and resistance at Rs 97,440-97,770 Silver has support at Rs 1,10,500-1,09,700 and resistance at Rs 1,12,200-1,13,000 Jain suggests traders avoid long positions in gold and silver in today's session ahead of the U.S. PPI and core PPI data, but investors can accumulate in the dips. Gold rates in physical markets Gold Price today in Delhi Standard gold (22 carat) prices in Delhi stand at Rs 58,376/8 grams while pure gold (24 carat) prices stand at Rs 62,256/8 grams. Gold Price today in Mumbai Standard gold (22 carat) prices in Mumbai stand at Rs 57,360/8 grams while pure gold (24 carat) prices stand at Rs 61,112/8 grams. Also read: Mutual funds dump Rs 1,700 crore worth of 9 defence stocks. Too expensive to buy or smart exit? Gold Price today in Chennai Standard gold (22 carat) prices in Chennai stand at Rs 56,744/8 grams while pure gold (24 carat) prices stand at Rs 60,432/8 grams. Gold Price today in Hyderabad Standard gold (22 carat) prices in Hyderabad stand at Rs 57,072/8 grams while pure gold (24 carat) prices stand at Rs 60,792/8 grams. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
16-07-2025
- Business
- Economic Times
Gold prices open higher at Rs 97,389 per 10 grams after 2-day fall. Should you invest at this price?
Taking support from global trade tensions, Gold August futures contracts at MCX opened higher today by Rs 178 or 0.18% at Rs 97,389/10 g after settling negatively in the previous trading session. In the last 2 days, gold prices have fallen by Rs 400. ADVERTISEMENT Meanwhile, silver September futures contracts surged by Rs 314 or 0.28% at Rs 1,11,800/kg after witnessing profit booking for the last 2 days. On Tuesday, gold and silver settled on a weaker note in the domestic and international markets. Gold August futures contract settled at Rs 97,211 per 10 grams with a loss of 0.58% and silver September futures contract settled at Rs 1,11,486 per kilogram with a loss of 1.28%. Gold and silver extended their fall in a highly volatile session after hotter U.S. inflation data and strength in the dollar U.S. CPI rose 0.3% in June against 0.1% in May, and CPI on a yearly basis came up at 2.7% against 2.4% in May. Annual core inflation rose to 2.9% in June month up from 2.8% in May. Hotter U.S. inflation data fades chances for early interest rate cuts by the U.S. Fed and intensifies selling in precious the data, US President Donald Trump said that consumer prices were low and the U.S. Fed should bring down interest rates now. U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs, Dallas Fed Bank President Logan said. ADVERTISEMENT 'The dollar index hit a 3-week high and crossed 98 levels once again, and also pushed gold and silver prices lower. However, uncertainty in the global financial markets due to higher trade tariffs could support prices at lower levels,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. Today, the US Dollar Index, DXY, was hovering near the 98.57 mark, falling 0.05 or 0.05%. ADVERTISEMENT 'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets and U.S. trade tariff uncertainty, and gold prices could hold their support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he added. ADVERTISEMENT Gold has support at Rs 96,950-96,600 and resistance at Rs 97,440-97,770 has support at Rs 96,950-96,600 and resistance at Rs 97,440-97,770 Silver has support at Rs 1,10,500-1,09,700 and resistance at Rs 1,12,200-1,13,000 Jain suggests traders avoid long positions in gold and silver in today's session ahead of the U.S. PPI and core PPI data, but investors can accumulate in the dips. ADVERTISEMENT Standard gold (22 carat) prices in Delhi stand at Rs 58,376/8 grams while pure gold (24 carat) prices stand at Rs 62,256/8 gold (22 carat) prices in Mumbai stand at Rs 57,360/8 grams while pure gold (24 carat) prices stand at Rs 61,112/8 grams. Also read: Mutual funds dump Rs 1,700 crore worth of 9 defence stocks. Too expensive to buy or smart exit? Standard gold (22 carat) prices in Chennai stand at Rs 56,744/8 grams while pure gold (24 carat) prices stand at Rs 60,432/8 gold (22 carat) prices in Hyderabad stand at Rs 57,072/8 grams while pure gold (24 carat) prices stand at Rs 60,792/8 grams. (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)
Time of India
16-07-2025
- Business
- Time of India
Gold nudges higher as focus turns to US tariff negotiations
Gold prices edged higher on Wednesday, as investors digested economic data showing an increase in U.S. consumer prices last month and awaited further clarity on U.S. President Donald Trump's trade policy. FUNDAMENTALS by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo * Spot gold was up 0.3% at $3,330.99 per ounce, as of 0052 GMT. U.S. gold futures were steady at $3,337.70. * U.S. consumer prices increased in June by the most in five months amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September. * Following the data, Trump said that consumer prices were low and the U.S. Fed should bring down interest rates now. Live Events * The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs, Dallas Fed Bank President Lorie Logan said. * Gold, often considered as a safe-haven asset during times of economic uncertainties, tends to do well in a low-interest-rate environment. * Focus now shifts to U.S. Producer Price Index data due at 1230 GMT on Wednesday for more cues. * Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1. However, Trump said on Monday he was open to further negotiations. * Keeping gold gains in check, the dollar and benchmark U.S. 10-year Treasury yields held near multi week highs. * Spot silver gained 0.2% to $37.81 per ounce after hitting its highest level since September 2011 on Monday. Platinum eased 0.2% to $1,369.42 and palladium slipped 0.6% to $1,198.62. DATA/EVENTS (GMT) 0600 UK CPI, Core CPI YY June 0600 UK CPI Services MM, YY June 0900 EU Total Trade Balance SA May 1230 US PPI Machine Manuf'ing June 1315 US Industrial Production MM June.
Economic Times
10-07-2025
- Business
- Economic Times
Gold prices near 1-week low at 96,549/10 grams amid tariff war. Should you buy the dip?
Gold August futures contracts at MCX opened flat, near their 1-week low, at Rs 96,549/ 10 grams on Thursday, which was slightly up by Rs 88 or 0.09%. The prices were supported by a slight retreat in the dollar and bond yields, while investors kept a close tab on trade negotiations as U.S. President Donald Trump broadened his tariff war. ADVERTISEMENT Meanwhile, silver September futures contracts opened higher by Rs 218 or 0.2% at Rs 1,07,483/kg. On Thursday, gold and silver settled on a slightly weaker note in the domestic market and on a mixed note in the international markets. Gold August futures contract settled at Rs 96,461 per 10 grams with a loss of 0.01% and silver September futures contract settled at Rs 1,07,265 per kilogram with a loss of 0.67%. Gold and silver exhibited very high price volatility and extended their fall in the early trading session, but prices rose off the day's low as there were no new surprises in the Fed meeting minutes. The U.S. Fed stated that the current labor market is solid, but requires more clarity on the fronts of inflation and economic members also advocated for a rate cut in the next monetary policy meetings. 'Gold prices recovered from their lows amid possible Fed rate cuts, probably from the September policy meetings. Gold prices hold $3,300 per troy ounce levels amid global uncertainty due to U.S. trade tariffs, while silver prices plunged amid weakness in the industrial metals after Trump announced 50% tariffs on the import of copper,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. ADVERTISEMENT The US dollar index slipped to about 97.3 on Thursday, extending its losing streak as investors shifted toward riskier assets amid a broad surge in stocks and commodities. Today, the US Dollar Index, DXY, was hovering near the 97.39 mark, falling 0.17 or 0.17%.'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and U.S. trade tariff uncertainty but gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $35.40 per troy ounce levels on a weekly closing basis,' he added. ADVERTISEMENT Gold has support at Rs 96,100-95,770 and resistance at Rs 96,850-97,200 Silver has support at Rs 1,06,650-1,06,000 and resistance at Rs 1,07,950-1,08,800 Jain suggests buying gold on dips around Rs 96,200 with a stop loss of Rs 95,770 on a closing basis for a target of Rs 96,900. ADVERTISEMENT Standard gold (22 carat) prices in Delhi stand at Rs 57,408/8 grams while pure gold (24 carat) prices stand at Rs 61,192/8 grams. ADVERTISEMENT Standard gold (22 carat) prices in Mumbai stand at Rs 57,992/8 grams while pure gold (24 carat) prices stand at Rs 61,816/8 gold (22 carat) prices in Chennai stand at Rs 56,672/8 grams while pure gold (24 carat) prices stand at Rs 60,416/8 gold (22 carat) prices in Hyderabad stand at Rs 57,184/8 grams while pure gold (24 carat) prices stand at Rs 60,912/8 grams. (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)
