Stock Market Today: The Indian stock market closed on a weaker note last week due to growing tensions between India and Pakistan. The Nifty 50 index dropped by 1.4%, and the Bank Nifty declined by 2.6%, ending at 53,595.25. Sectors like real estate, pharma, and utilities saw losses, while auto and industrial stocks performed relatively better. Mid-cap and small-cap stocks also faced mild corrections.

Stock Market Today:

Experts say that unless Nifty crosses 24,150, the market may stay under pressure. If it continues to trade below this level, Nifty could fall again to 23,800 or even 23,600. However, a breakout above 24,150 may bring a short-term rally up to 24,350–24,450.

For Bank Nifty, 54,000 (20-day Simple Moving Average) is seen as a crucial level. Trading above it may signal strength for the short term.

Factors to Watch

Investors will closely track geopolitical events, especially developments between India and Pakistan. Key economic data such as Consumer Price Index (CPI), Wholesale Price Index (WPI), and trade figures for exports and imports will also play a role in shaping market sentiment.

Meanwhile, many big companies like Tata Steel, Bharti Airtel, Cipla, Hero MotoCorp, and Tata Motors are set to release their quarterly results, which could impact stock prices.

Stock Picks for Monday

Several analysts have recommended buying the following stocks for short-term gains:

Redington Ltd – Buy at ₹259.35, target ₹285, stop loss ₹248
LT Foods Ltd – Buy at ₹359.55, target ₹385, stop loss ₹346
JSW Steel – Buy at ₹957, target ₹972, stop loss ₹945
Chambal Fertilisers – Buy at ₹695, target ₹720, stop loss ₹675
Sun Pharma – Buy at ₹1745, target ₹1790, stop loss ₹1720

Disclaimer: These recommendations are based on technical indicators like bullish chart patterns, volume trends, and support/resistance levels. However, investors should do their own research or consult financial advisors before making decisions.

Also Read: Will India-Pak Tensions Impact Stock Market on Monday?

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