Will Nifty Rebound or Slip Further? Five Stocks to Keep on Radar

Will Nifty Rebound or Slip?

The Indian stock market ended lower on Wednesday, July 2, 2025, due to weak global cues and concerns over US trade policies. The Nifty 50 index closed at 25,453.40, down by 0.35%. The Bank Nifty also slipped 0.80% to finish at 56,999.20. While real estate stocks were under pressure, sectors like metals, pharma, and automobiles performed better.

Will Nifty Rebound or Slip?

According to market experts, if Nifty remains below the 25,500 mark, the market sentiment will likely stay weak. There is a possibility that Nifty could test lower levels of 25,300 and 25,225. On the other hand, if Nifty crosses 25,500, it may move up to 25,600 or even 25,670. For Bank Nifty, support is expected between the 56,000 and 55,500 levels, as per Bajaj Broking.

Global Market Sentiment

Global markets are showing mixed trends. Investors are cautious ahead of the upcoming tariff deadlines. At the same time, all eyes are on the first-quarter earnings results, which are expected to be positive. Experts say India’s economy is still strong, supported by good fundamentals and increased government spending. However, due to the recent sharp rally in the market, traders are advised to remain cautious.

Top Stock Picks for Today

Market experts have recommended the following stocks for buying today:

Tata Steel – Buy around ₹165.88 with a target of ₹178. The stock has shown positive momentum with higher highs and higher lows.

Aurobindo Pharma – Buy around ₹1158 for a target of ₹1240. A bullish breakout indicates a possible trend reversal.

HBL Engineering – Buy near ₹626.85 for a target of ₹657. The stock shows strength with good support levels.

Inox Green Energy – Buy around ₹156.35 for a target of ₹166. Signs of recovery and positive chart patterns are visible.

Can Fin Homes – Buy at ₹809 with a target of ₹850. The stock is in an uptrend after taking support from key levels.

Disclaimer: Please consult a financial advisor before making any investment decisions.

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