Stock Market Today: Nifty Near 25K, GST Reforms Lift Sentiment — Top 8 Stocks to Buy or Sell
Stock market today: Nifty 50 extends gains, Bank Nifty firm. Analysts list 8 intraday stock picks to watch on Wednesday.
Stock Market Outlook: India Ratings Boost, US Tariff Worries Remain — What to Trade Today
🔹 Markets Edge Higher as Nifty Nears 25,000 — Analysts See Upside to 25,300
The benchmark Nifty 50 index rose 0.40% to 24,980.65 on Tuesday, continuing its positive momentum for a second straight day. The Bank Nifty gained 0.23% to 55,865.15, while Auto, Oil & Gas, and FMCG stocks led sectoral gains, offsetting a dip in Pharma. Broader markets were stronger, with mid- and small-cap indices advancing 0.7–1.0%.
Trade Setup for Wednesday
Nifty’s close just shy of the 25,000 psychological mark signals firm near-term sentiment.
♦ Upside target: 25,300
♦ Key support: 24,850
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, expects further short-term upside unless the index breaks below its immediate support.
Global Market Drivers
Investor sentiment improved on GST rationalization hopes and a recent upgrade to India’s credit rating. Relief over easing Russia–Ukraine tensions also buoyed markets.
However, analysts flagged uncertainty in US-India trade talks as a potential headwind.
“Small- and mid-caps are outperforming, with auto stocks rallying on supply chain optimism from China,” said Vinod Nair, Head of Research at Geojit Financial Services.
8 Stocks to Watch Today (Analyst Picks)
Sumeet Bagadia — Choice Broking
♦ NDR Auto Components (₹1059) → Buy, SL ₹1020, TP ₹1135
♠ Stock trading above EMA; strong rebound with positive long-term momentum.
♦ Shaily Engineering Plastics (₹1927) → Buy, SL ₹1860, TP ₹2070
♠ Clear breakout with high volumes; bullish trend sustained above resistance.
Ganesh Dongre — Anand Rathi
♦ State Bank of India (₹830) → Buy, SL ₹815, TP ₹860
♠ Bullish reversal pattern; strong support at ₹815.
♦ PNB Housing Finance (₹818) → Buy, SL ₹805, TP ₹840
♠ Support at ₹800; short-term rally potential to ₹850.
♦ DLF Ltd (₹770) → Buy, SL ₹745, TP ₹795
♠ Bullish retracement seen; rebound expected toward ₹795.
Shiju Koothupalakkal — Prabhudas Lilladher
♦ Paradeep Phosphates (₹207) → Buy, SL ₹202, TP ₹222
♠ Higher-bottom pattern and RSI reversal signal upward move.
♦ MMTC Ltd (₹65.30) → Buy, SL ₹63.50, TP ₹70
♠ Positive breakout above 100-MA; volume support indicates strength.
♦ Finolex Industries (₹205.80) → Buy, SL ₹200, TP ₹220
♠ Recovery from consolidation; RSI bounce suggests further upside.
