The Indian stock market is witnessing a positive shift, with key indices experiencing their longest winning streak of the year. On Friday, robust performance from major player Reliance Industries propelled the Nifty 50 and BSE Sensex to new heights. Investor confidence has also been uplifted by consistent foreign investments and optimistic speculations surrounding a possible trade agreement between India and the U.S.
Market Performance Highlights
- The Nifty 50 closed at 24,346.7, reflecting a slight increase of 0.05%.
- The BSE Sensex rose by 0.32%, finishing at 80,501.99.
- Earlier in the day, both indices had jumped nearly 1% before tapering off their gains.
For the week, the Nifty recorded a rise of 1.3%, while the Sensex climbed by 1.6%, marking their third consecutive week of growth.
Insights from Market Experts
Sumeet Bagadia, Executive Director at Choice Broking, shares that the Indian stock market is currently exhibiting a sideways to moderately positive trend, with the Nifty 50 fluctuating within the 24,200 to 24,600 range. Bagadia emphasizes, “A bullish or bearish trend could emerge depending on which side of the range is broken. As we enter the Q4 results season for 2025, a stock-specific strategy is essential, focusing on those stocks that are demonstrating strength in their technical charts.”
Top Stock Picks Under ₹100
For investors looking to expand their portfolios with affordable options, Bagadia recommends considering the following stocks priced below ₹100:
-
Madras Fertilizers
- Current Price: ₹84.16
- Stop Loss: ₹90.05
- Target Price: ₹81.21
-
Silgo Retail
- Current Price: ₹48.46
- Stop Loss: ₹46.76
- Target Price: ₹52
- Lotus Eye Hospital and Institute
- Current Price: ₹81.49
- Stop Loss: ₹78.63
- Target Price: ₹87.19
Conclusion
With the Indian stock market showing resilience and potential for growth, now might be an opportune time to explore investments in these recommended stocks under ₹100. Keeping an eye on market trends and technical indicators will be crucial as investors navigate this dynamic landscape. For those interested in further insights, stay tuned for updates on market movements and expert analyses.
