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Top 5 Affordable Stocks Under ₹100 to Buy Today: Expert Recommendations for April 29, 2025

Top 5 Affordable Stocks Under ₹100 to Buy Today: Expert Recommendations for April 29, 2025

The Indian stock market kicked off the week with impressive gains, showcasing strong buying momentum across key indices. The Nifty 50 soared by 289 points, concluding at 24,328, while the BSE Sensex surged over 1,000 points to finish at 80,218. Additionally, the Bank Nifty rose by 768 points, reaching 55,432. Major players like Reliance Industries and the State Bank of India (SBI) were instrumental in driving these rallies, contributing to a positive market sentiment that extended to mid-cap and small-cap sectors.

Market Insights and Future Trends

According to Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, the outlook for the Indian stock market remains optimistic. He noted, "With ongoing buying interest in Indian equities, we anticipate a gradual upward trend, albeit with some volatility due to geopolitical factors, especially the India-Pakistan conflict." He also highlighted that sector-specific movements will continue as companies announce their results for Q4 2025. Notable earnings reports expected soon include those from Bajaj Finance, Bajaj Finserv, Trent, BPCL, and Ambuja Cements.

Nifty 50 and Bank Nifty Predictions

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, shared insights about the Nifty 50. He stated, "The near-term upward trend in the Nifty remains strong. A sustained move above 24,400 could negate the recent bearish pattern, paving the way for a sharp rise towards the next resistance levels of 24,600 and 24,800. Today’s immediate support sits at 24,050."

When discussing the Bank Nifty, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, remarked, "The Nifty Bank is currently in a consolidation phase, confidently holding above its breakout point. Recent trading patterns show a balance between buyers and sellers, and a breakout in either direction will likely set the tone for the next major trend. As long as the index remains above the 54,000–54,300 support zone, the broader outlook is positive. A breakthrough above 56,000 could reignite momentum towards 56,500."

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He added, "Until a clear breakout emerges, expect the market to remain within a defined range. A decisive upward move could energize bullish sentiment and lead to a significant rally, while a drop below critical support may trigger some profit-taking towards 53,500. The recent rally suggests that the current pause may serve as a healthy phase for building a solid base before the next significant movement."

Top Stocks to Consider Under ₹100

As we look for promising investments, several market experts have identified potential stocks to buy today, all priced under ₹100. Recommendations include:

  • NBCC India

    • Buy at ₹98
    • Target: ₹104
    • Stop Loss: ₹95
  • Popular Vehicles

    • Buy between ₹98 and ₹99
    • Targets: ₹102, ₹105, ₹108
    • Stop Loss: ₹96
  • Rico Auto

    • Buy at ₹64.50 to ₹65.30
    • Targets: ₹67, ₹68.50, ₹70, ₹72
    • Stop Loss: ₹62.50
  • Jindal Worldwide

    • Buy at ₹66.90
    • Target: ₹69.80
    • Stop Loss: ₹65
  • Restaurant Brands Asia
    • Buy at ₹82.50
    • Target: ₹90
    • Stop Loss: ₹78

Closing Thoughts

As the Indian stock market demonstrates resilience, investors should remain vigilant and informed about the ongoing dynamics. Keeping track of upcoming earnings and geopolitical developments will be crucial for making informed trading decisions. The market’s direction could change rapidly, and staying ahead with strategic investments in under ₹100 stocks may offer attractive opportunities.

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