Indian Stock Market Update: Nifty 50 and Sensex Trade Range-bound Amid Trump Tariff Uncertainty
A summary of the Indian stock market trading in a narrow range, with key performers and losers highlighted, along with expert insights and stock recommendations.
Indian Stock Market Update
Amid escalating Trump's tariff uncertainty, the Indian stock market continued to trade in a narrow range on Monday. The Nifty 50 index finished marginally higher at 25,461, while the BSE Sensex added 9 points and closed at 83,442. The Bank Nifty index went off 82 points and closed at 56,949. Key performers on the Nifty were Hind Unilever, Tata Consumer, and Nestle, exhibiting resilience. On the other hand, BEL, Tech Mahindra, and ONGC faced selling pressure.
Expert Insights
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market mood may remain positive as the Nifty 50 index sustains above crucial support levels. Parekh advised investors to remain vigilant about the developments surrounding Trump's tariffs.
Stock Recommendations
Parekh recommended three intraday stocks to buy: RattanIndia Power, Emami, and DB Realty. Disclaimer - the views and recommendations are of individual analysts or brokerage companies, not Mint. Investors are advised to check with certified experts before making any investment decisions.