Monday’s Indian stock market bounced back after a shaky start, ending higher on the day.
Market Recap
The index fell early but recovered thanks to strong buying in big‑cap stocks. The Nifty 50 closed at 25,790.25, up 0.42%, while the Sensex finished at 83,878.17, up 0.36%.
US‑India Trade Talks Boost Sentiment
Positive remarks from the new U.S. ambassador to India lifted market mood. He said India is a top partner for the United States and that both countries are working on a trade deal. The comments came after the ambassador started his role and helped turn the market around.
Gold and Silver Hit Record Levels
On the Multi Commodity Exchange, gold rose over 2% to about ₹1.42 lakh per 10 grams, while silver jumped more than 6% to around ₹2.68 lakh per kilogram, both reaching record highs.
What to Watch Tomorrow
- Updates on the U.S.–India trade agreement after the ambassador’s remarks.
- Gold and silver price movements.
- Earnings from major IT firms TCS and HCL Tech.
Technical Outlook
Analysts note that buying at the day’s low created a “piercing line” pattern, suggesting a possible bullish reversal. The RSI has moved out of oversold territory, indicating early signs of recovery. However, the Nifty may face resistance around the 26,000‑26,100 zone, with strong support near 25,650.
Recommended Intraday Stocks
Below are eight stocks suggested for today’s trade, with entry price, stop‑loss, and target.
- Home First Finance Co. – Buy at ₹1,062; SL ₹1,025; Target ₹1,136.
- State Bank of India (SBI) – Buy at ₹1,015; SL ₹980; Target ₹1,085.
- Dr. Reddy’s Laboratories – Buy at ₹1,216; SL ₹1,190; Target ₹1,260.
- Infosys – Buy at ₹1,595; SL ₹1,570; Target ₹1,660.
- HDFC Bank – Buy at ₹937; SL ₹920; Target ₹980.
- Coal India – Buy at ₹432; SL ₹422; Target ₹460.
- Hindustan Unilever (HUL) – Buy at ₹2,406; SL ₹2,360; Target ₹2,520.
- Coforge – Buy at ₹1,697; SL ₹1,662; Target ₹1,785.
Takeaway
The market’s bounce shows how quickly sentiment can shift. Keep an eye on trade‑talk updates, commodity prices, and the upcoming IT earnings. Use a selective, stock‑specific approach and manage risk carefully.
Remember, this is just perspective, not a prediction. Do your own research before making any investment decisions.