As global markets reacted positively to declining crude oil prices, the Indian stock market saw a mixed performance on Monday. The two major indices, Nifty 50 and BSE Sensex, experienced significant gains, while the Bank Nifty struggled. With mid-cap and small-cap stocks outperforming their larger counterparts, investors are keenly observing market trends and potential buying opportunities.
Market Performance Overview
On Monday, the Nifty 50 index closed at 24,461, marking an increase of 114 points. The BSE Sensex followed suit, rising by 294 points to reach 80,796. In contrast, the Bank Nifty index faced a setback, losing 195 points and settling at 54,919. Trading volumes in the NSE cash market dropped by 11% compared to the previous Friday, indicating a cautious approach among investors.
- Nifty Midcap 100 Index surged by 1.81%.
- Nifty Smallcap 100 Index reported a gain of 1.02%.
- The overall market breadth turned positive for the first time in six sessions, with a robust BSE advance-decline ratio of 1.76, the highest since April 21, 2025.
Expert Insights on Market Trends
Siddhartha Khemka, Head of Research at Motilal Oswal, shared insights on the Indian market’s outlook. He mentioned, “We anticipate a phase of consolidation with a favorable bias, influenced by global trends and geopolitical developments. Sector-specific movements will be driven by quarterly results from companies such as Godrej Consumer, BSE, HPCL, CG Power, and Polycab.”
Regarding the Nifty 50, Nagaraj Shetti from HDFC Securities stated, “The short-term trend remains optimistic. If Nifty surpasses the 24,500-24,600 resistance zone, it could aim for targets between 24,800 and 25,000. Immediate support is noted at 24,250.”
On the Bank Nifty, Hrishikesh Yedve, AVP at Asit C. Mehta, indicated that the index opened negatively but showed early buying interest before succumbing to profit-taking. He explained, “The Bank Nifty formed a red candle with a long upper shadow, indicating uncertainty. Resistance levels are at 55,700 and 56,000, while support sits at 54,450. A drop below this support may trigger further selling, potentially leading to a decline towards 54,000.”
Top Stock Picks Under ₹100
Market analysts have identified several promising stocks under ₹100 for intraday trading. Recommendations from experts include:
-
Allcargo Gati:
- Buy Price: ₹61
- Target: ₹65
- Stop Loss: ₹59
-
Hi-Tech Pipes:
- Buy Price: ₹90 to ₹91.50
- Targets: ₹93.50, ₹95, ₹97, and ₹100
- Stop Loss: ₹87.80
-
Niva Bupa:
- Buy Price: ₹84 to ₹86
- Targets: ₹88, ₹90, ₹95, and ₹100
- Stop Loss: ₹82
-
JTL Industries:
- Buy on Dips: ₹65
- Target: ₹69.20
- Stop Loss: ₹62.70
- Suzlon Energy:
- Buy Price: ₹56.50
- Target: ₹60.50
- Stop Loss: ₹54
Conclusion
With the stock market displaying mixed signals, investors should remain vigilant and consider the recommendations from experts. Keeping an eye on geopolitical developments and quarterly earnings will be crucial for making informed decisions in the days ahead. Whether you’re looking to invest in mid-caps or consider stocks under ₹100, the current market presents various opportunities worth exploring.
