Trump Tariff Impact:

The stock market experienced some fluctuations on Thursday. The Nifty-50 index ended 0.35% lower at 24,768.35. The Bank Nifty also ended 0.34% lower at 55,961.95. Most sectors, like pharma, metals, and oil & gas, saw losses. Only the FMCG index showed gains. Both mid- and small-cap stocks ended about 1% lower.

Trump Tariff Impact:

Experts say that the Nifty could experience a bullish reversal if it moves above 25,000. If this happens, the market might recover. However, if it stays below this level, the market could remain range-bound between 24,600 and 25,000. The key support level for the Bank Nifty is at 55,500 to 55,000.

On Thursday, investors focused on domestically oriented FMCG stocks. These stocks have attractive valuations, a good demand outlook, and are somewhat shielded from tariff risks. On the other hand, oil & gas stocks were hit hard due to US warnings about Indian energy imports. Overall, the market was cautious but selective.

Experts suggest buying the following stocks today:

1. CarTrade Tech Ltd – Buy at ₹2186.55. The target price is ₹2322. The stock has shown strong upward momentum.

2. Acutaas Chemicals Ltd – Buy at ₹1327.4. The target price is ₹1415. It has recently broken out from a month-long consolidation.

3. Bank of India – Buy at ₹111. The target price is ₹117. The stock has shown consistent bullish patterns.

4. Glenmark Pharmaceuticals Ltd – Buy at ₹2133. The target price is ₹2220. It is showing signs of continued bullish movement.

5. Divis Laboratories Ltd – Buy at ₹6600. The target price is ₹6850. The stock is in a strong uptrend.

6. Balaji Amines Ltd – Buy at ₹1768. The target price is ₹1850. The stock has shown positive signs with good support at ₹1650.

7. Aditya Birla Capital Ltd – Buy at ₹256.65. The target price is ₹270. The stock has recently corrected and shows potential for further gains.

8. Raymond Lifestyle Ltd – Buy at ₹1148. The target price is ₹1200. It is on a gradual upward trend with support at ₹1085.

Investors should always consult certified experts before making any investment decisions.

Disclaimer

The views and recommendations expressed are those of individual analysts and not Mint. Investors are advised to conduct their own research or consult certified experts before making any investment decisions. Big TV does not take responsibility for any financial outcomes based on this information.

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