Stock Market Analysis and Recommendations for Today
A comprehensive analysis of the stock market today, including Nifty performance and expert recommendations for buying and selling key stocks.
Stock Market Today
The benchmark Nifty-50 index closed flat on Tuesday, with cautious trading prevailing. The Bank Nifty also ended marginally lower, with metals and pharma sectors facing losses while the IT index gained the most.
Trade Setup for Wednesday
Consolidation is expected to continue in the short term, especially as the Nifty 50 index has yet to break out decisively above 24,550. Support is placed at 24,250, with a breach potentially triggering increased selling pressure in the market.
Domestic and Global Markets
The domestic market exhibited range-bound oscillation, with caution prevailing amid geopolitical concerns. Sustained inflows from FIIs supported market sentiment, while mixed Q4 results raised the risk of downward revisions to FY26 projections.
In combination with concerns surrounding potential retaliatory actions, these developments may lead to some consolidation in the near term.
Stock Picks for Today
Here are today's expert stock recommendations:
- Hindustan Aeronautics Ltd (HAL): Buy HAL at ₹4610 with a stop loss at ₹4433 for a target price of ₹4930.
- Punjab Chemicals & Crop Protection Ltd: Buy Punjab Chem at around ₹1080 with a stop loss at ₹1040 for a target price of ₹1160.
- BEML Ltd: Buy BEML at around ₹3215 with a stop loss at ₹3150 for a target price of ₹3350.
- Infosys Ltd: Buy Infosys at around ₹1495 with a stop loss at around ₹1465 for a target price of ₹1535.
- Triveni Engineering & Industries Ltd: Buy Triveni at around ₹418 with a stop loss at around ₹408 for a target price of ₹435.
- GlaxoSmithKline Pharmaceuticals Ltd: Buy Glaxo at around ₹2902 with a target price of ₹3070 and a stop loss at ₹2845.
- Shipping Corporation of India Ltd: Buy Shipping Corp at around ₹182.67 with a target price of ₹194 and a stop loss at ₹178.