The Indian stock market experienced a significant surge on Monday, fueled by easing tensions between India and Pakistan alongside positive developments in the US-China trade negotiations. The Nifty 50 index soared by 916 points, closing at 24,924, while the BSE Sensex climbed a remarkable 2,975 points to finish at 82,429. The Bank Nifty index also saw a robust gain, ending 1,787 points higher at 55,382. Every sector ended positively, with IT, real estate, and metals leading the charge.
Market Insights and Key Data
The strong performance in the market can be attributed to multiple factors:
- Easing geopolitical tensions: Relief from conflicts has created a more stable environment for investors.
- Trade deal progress: Optimism surrounding US-China discussions has bolstered market confidence.
- Sector-wide growth: Both the Mid-cap and Small-cap indices surged over 4%, outperforming larger indices.
Siddhartha Khemka, the Head of Research—Wealth Management at Motilal Oswal, provided insights into the market outlook. He stated that upcoming inflation data—including India’s CPI and the US Core CPI—will be closely monitored by investors. Additionally, the forthcoming Q4 results for 2025 from major companies like Bharti Airtel and Tata Motors are expected to drive sector-specific trends. As Khemka noted, “The positive momentum in Indian markets is likely to continue, fueled by improving economic stability and easing geopolitical concerns.”
Nifty 50 and Bank Nifty Trends
On the Nifty 50’s performance, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, remarked on the index’s considerable gap-up opening due to the ceasefire news. He highlighted that the index closed above the previous peak of 23,800, suggesting bullish sentiment and setting targets at 25,300 and 25,800. The 200-DMA support at 24,050 is crucial for the short term.
Meanwhile, Hrishikesh Yedve, AVP of Technical and Derivatives Research at Asit C. Mehta, commented on the Bank Nifty. He mentioned the formation of a Morning Star candlestick pattern, indicating strength in the index. The next resistance level is around 56,000–56,100, while significant support is at 53,480. Yedve advises traders to maintain long positions and consider profit-taking around the 56,000-56,100 levels.
Top Stock Picks Under ₹100
For investors looking to capitalize on today’s market activity, several experts have suggested stocks priced under ₹100:
- NMDC Steel: Buy at ₹36.12 with a target of ₹38.64 and a stop-loss at ₹34.85.
- NMDC: Buy at ₹68.08 targeting ₹72.84, with a stop-loss at ₹65.69.
- IRB Infrastructure: Purchase between ₹47 to ₹47.85 with targets ranging from ₹49 to ₹55 and a stop-loss at ₹45.90.
- Edelweiss: Buy between ₹80 to ₹81, targeting ₹83.50 to ₹90, with a stop-loss at ₹78.
- Ola Electric Mobility: Buy at ₹48.40, aiming for a target of ₹50.90 and a stop-loss at ₹47.50.
With the stock market showing a positive trajectory, now may be an opportune time for investors to explore these recommendations and align their portfolios for potential growth.
