Stock Market Update Today: Global Concerns Drag Indices

Stock Market Update Today:

The Indian stock market continued to stay under pressure on Thursday, with both Nifty 50 and Sensex closing lower for the fifth straight session. This marks the longest losing streak in more than six months. Investor concerns over foreign fund withdrawals and rising uncertainty around US visa policies weighed heavily on the markets.

Stock Market Update Today:

Nifty 50 fell 0.66% to close at 24,890.85, while Sensex slipped 0.68% to end at 81,159.68. Over the past five sessions, Nifty and Sensex have lost about 2.1% and 2.2% respectively. Analysts say the Nifty now faces resistance around the 25,000–25,050 range, while support is expected near 24,700. Bank Nifty also struggled due to selling pressure in both private and public sector banks.

Global cues also added to the nervousness. Uncertainty over India–US trade talks, concerns about H-1B visa fees, and continuous profit-booking by foreign investors have impacted market sentiment. Experts warn this could slow India’s economic growth in the coming quarter.

Despite the weak market trend, analysts have highlighted a few stocks that may offer trading opportunities. Experts from Choice Broking, Anand Rathi, and Prabhudas Lilladher have suggested these eight picks for short-term traders:

Bharti Hexacom Ltd – Target ₹1,845

Netweb Technologies India Ltd – Target ₹3,840

State Bank of India (SBI) – Target ₹885

Finolex Cables Ltd – Target ₹840

Aurobindo Pharma Ltd – Target ₹1,125

Vikram Solar Ltd – Target ₹355

GRM Overseas Ltd – Target ₹392

Cemindia Projects Ltd – Target ₹855

According to analysts, some of these stocks are showing bullish signals with strong support levels, while others are recovering after recent corrections. However, they caution traders to maintain strict stop-loss levels and monitor market conditions closely.

Overall, while the broader market remains under selling pressure, selective opportunities exist for intraday traders. Investors are advised to stay cautious and follow expert guidance before making trading decisions.

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