Amid rising geopolitical tensions triggered by the recent Pahalgam terror attack in Jammu and Kashmir, the Indian stock market saw a shift in momentum as both the Sensex and Nifty 50 indices halted their impressive seven-day uptrend. Profit booking led to a decline, with the BSE benchmark dropping by 315.06 points or 0.39%, closing at 79,801.43. Throughout the day, it experienced a larger dip of 391.94 points or 0.48%, reaching a low of 79,724.55. Meanwhile, the NSE Nifty fell by 82.25 points or 0.34%, settling at 24,246.70.
Market Performance Overview
Despite the day’s setbacks, the previous week had been robust for the stock market. Over the last seven trading sessions, the BSE index surged by 6,269.34 points, reflecting an impressive 8.48% increase, while the Nifty climbed 1,929.8 points, or 8.61%, marking some of the highest closing levels in 2025 as of Wednesday.
Sumeet Bagadia, Executive Director at Choice Broking, commented on the current market sentiment, stating, “The Indian stock market outlook remains optimistic as long as the Nifty 50 remains above 23,800. After a solid seven-day rally, a period of consolidation is now anticipated.” He also noted that the Nifty 50 faces resistance between 24,350 and 24,400. Breaking through this range could indicate whether a bullish or bearish trend is forthcoming. Therefore, investors should consider a stock-specific strategy, focusing on those with strong technical indicators.
Top Breakout Stock Recommendations
For those looking to capitalize on breakout opportunities, Bagadia has identified five stocks worth considering:
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Samhi Hotels Ltd:
- Entry Price: ₹193.29
- Target Price: ₹206
- Stop Loss: ₹185
-
Suven Life Sciences Ltd:
- Entry Price: ₹141.20
- Target Price: ₹150
- Stop Loss: ₹135
-
Thangamayil Jewellery Ltd:
- Entry Price: ₹2,229.60
- Target Price: ₹2,400
- Stop Loss: ₹2,150
-
Transport Corporation of India (TCI) Ltd:
- Entry Price: ₹1,165.50
- Target Price: ₹1,250
- Stop Loss: ₹1,122.50
- Sundaram Finance Holdings Ltd:
- Entry Price: ₹361.10
- Target Price: ₹390
- Stop Loss: ₹348
With the market displaying mixed signals, investors are encouraged to stay informed and adopt a proactive approach. For more insights on market trends, stay tuned to our updates.
