Stock Market Update: Key Trade Setups for Nifty 50, Global Events, and Metal Prices, Plus 8 Stocks to Watch
Indian Stock Market Rebounds Sharply After Intense Sell-Off
The Indian stock market witnessed a significant rebound in the second half of the session on Monday, following a sharp sell-off in the early morning. The Nifty 50 index made an intraday loss of 22,955 points but bounced back strongly to finish 257 points higher at 23,408. The BSE Sensex gained 938 points and closed at 75,502, while the Bank Nifty index ended 655 points northward at 54,413.
Sectoral Performance
Among the various sectors, the Auto and Financial indices rallied over 1%, whereas the Oil & Gas and Realty indices lost the most, shedding over 1.5%.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Gift Nifty Live Chart and Asian Market Signal
The Gift Nifty Live chart shows a gap-up opening, with the index oscillating around 23,525, up around 125 points from the Nifty 50 close on Monday. The positive start in Asian markets today, with the KOSPI and Nikkei 225 trading higher, signals a higher start for domestic markets.
Expert Views
- Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, expects Indian equities to open on a positive note, supported by firm global cues.
- Shrikant Chouhan, Head Equity Research, Kotak Securities, identifies 23,300/75,200 and 23,200/75,000 as key support zones for the Nifty 50 and Sensex.
- Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladdher, expects the Bank Nifty index to breach above 56,500 to establish clarity and conviction.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Market Volatility and FII-DII Data
- India VIX remains elevated, hovering near 21.6, reflecting continued uncertainty.
- FIIs remained net sellers on Monday, selling Indian shares worth ₹9,365 crore in the cash segment.
- DIIs bought shares worth ₹12,593 in the cash segment, helping to stabilise the market.
Stocks to Buy Today
Stock market experts recommend buying stocks that have strong fundamentals and are trading at attractive valuations.
Investor Takeaway
Investors should be prepared for a potential positive start in the Indian stock market today, supported by firm global cues.
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