After a shaky week, Indian shares jumped higher on Monday, snapping a five‑day losing streak. The rally was driven by optimism around the India‑US trade talks.
Market Summary
The Nifty 50 added 106 points to close at 25,790. The BSE Sensex rose 301 points, ending at 83,878. Bank Nifty climbed 198 points to finish at 59,450.
Sector Performance
Realty and pharma stocks stayed weak, but later buying in metals, financials and FMCG helped lift the market. Mid‑cap and small‑cap indexes recovered from early losses and ended roughly flat.
Technical Outlook
Analyst Vaishali Parekh says the market mood has improved. The Nifty slipped below the 25,500 level but held above a key support around 25,000. To stay bullish, the index needs to break above the 25,900 level.
- Immediate support: 25,650
- Resistance: 26,000
Bank Nifty found support near 58,800 and would need a clear close above 60,000 to start a fresh upward move.
Today's Stock Picks
Vaishali recommended three stocks for intraday buying:
- IndusInd Bank – Buy at ₹905.45, target ₹950, stop loss ₹884
- NMDC – Buy at ₹81.75, target ₹86, stop loss ₹80
- Oil India Ltd – Buy at ₹425.60, target ₹445, stop loss ₹416
Gold and Silver Prices
International gold and silver prices steadied after a sharp rise. Spot gold fell back to about $4,588 per ounce, while silver slipped 1.2% after a 6% jump.
In India, MCX gold rose over 2% to around ₹1.42 lakh per 10 g, and MCX silver jumped more than 6% to above ₹2.68 lakh per kg.
Disclaimer
Remember, this is just my view, not a prediction. Do your own research or consult a certified expert before making any investment decisions.