The Indian stock market is riding a wave of optimism as it reflects a positive sentiment from global markets. Following a reprieve in tariffs by former President Trump, the market celebrated its third consecutive day of gains on Wednesday. The Nifty 50 index climbed by 108 points, closing at 23,437. Meanwhile, the BSE Sensex surged 309 points to finish at 77,044, and the Bank Nifty soared 738 points, reaching 53,117. However, trading volumes on the NSE cash market saw a 10% decline from the previous day, indicating a slight pullback in activity.

Sector Performance and Market Dynamics

In terms of sector performance, PSU Banks, along with Media and Oil and Gas stocks, emerged as the top performers. Conversely, sectors such as Automobiles, Pharmaceuticals, and Healthcare struggled, ending in the red. The advance-decline ratio on the BSE was notably strong at 2.03, highlighting that gaining shares significantly outnumbered those that fell.

Expert Insights on Market Trends

Looking ahead, Siddhartha Khemka, the Head of Research for Wealth Management at Motilal Oswal, shared insights on the market’s trajectory. He stated, “We anticipate continued positive momentum for Indian markets due to advancements in the US-India trade agreement. However, the ongoing tariff disputes between the US and China may introduce some volatility.” Additionally, investors are keenly awaiting the Q4 results for 2025, which include major companies like Infosys, HDFC AMC, and HDFC Life Insurance, all set to announce their earnings today.

Nifty 50 Outlook

Nagaraj Shetti, a Senior Technical Research Analyst at HDFC Securities, provided an optimistic outlook for the Nifty 50. He noted, “The underlying trend remains strong. With the index surpassing the 200-day exponential moving average at 23,360, it could soon test the next resistance level at 23,870, the swing high recorded on March 25. For today, immediate support is anticipated at 23,270.”

Best Stocks to Buy Under ₹100

For investors looking for opportunities under ₹100, market analysts have highlighted several promising stocks for intraday trading.

• Bank of Maharashtra:

  • Buy at: ₹47.40
  • Target: ₹52
  • Stop Loss: ₹45

• DCW:

  • Buy at: ₹84 to ₹85.50
  • Targets: ₹87, ₹89, ₹92, and ₹95
  • Stop Loss: ₹73.80
• Shriram Properties:
  • Buy at: ₹76 to ₹78
  • Targets: ₹80, ₹82, ₹85, and ₹90
  • Stop Loss: ₹73.80

Conclusion

As the Indian stock market continues to rise amid global optimism, investors are encouraged to consider the highlighted stocks for potential gains. Staying informed on market trends and expert analyses can provide valuable insights into making strategic investment decisions.