The Indian stock market experienced a tumultuous session on Monday, reflecting global market uncertainties due to escalating trade tensions linked to Donald Trump’s tariffs. The Nifty 50 index opened significantly lower, plunging 5%—its most considerable decline since March 2020. Despite this rocky start, the index showed surprising resilience, ultimately closing down 742 points (3.24%) at 22,161. Likewise, the BSE Sensex saw a drop of 2,226 points, finishing at 73,137, while the Bank Nifty index fell by 1,642 points, ending at 49,860.
Market Volatility and Declines
The broad market faced what many are calling Black Monday, with the BSE Small-cap index tumbling 4.13% and the Mid-cap index dropping 3.46%. The Indian volatility index VIX surged over 65%, closing at 22.79, indicating heightened uncertainty among investors.
Expert Insights on Market Trends
Siddhartha Khemka, the Head of Research for Wealth Management at Motilal Oswal, shared his perspective on the market’s future. He remarked, "The Indian stock market is likely to experience continued volatility due to persistent global trade tensions and impending developments regarding U.S. tariffs."
Nagaraj Shetti, a Senior Technical Research Analyst at HDFC Securities, provided insights on the Nifty 50’s short-term outlook, noting that the index’s recent low of 21,743 may serve as crucial support. He added, "Expect some buying activity to emerge at lower levels, with immediate resistance set at 22,400."
Meanwhile, Hrishikesh Yedve, AVP of Technical and Derivatives Research at Asit C. Mehta, commented on the Bank Nifty’s performance. He stated, “The Bank Nifty successfully held above the 50-Day Exponential Moving Average (50-DEMA) support at around 49,500, forming a positive candle on the daily chart. Key resistance lies between 50,650 and 50,750, and a sustained move beyond 50,750 could initiate a new rally.”
Global Market Recovery
In contrast to the Indian market’s struggles, Asian markets showed signs of recovery on Tuesday. The Nikkei 225 in Japan rose by 5.5% after a nearly 8% drop the previous day, reaching 32,819.08 shortly after opening. Other markets, including South Korea’s Kospi, also saw gains, with New Zealand and Australia following suit.
Stock Recommendations for Today
Market analysts have identified several stocks to consider for trading today. Recommendations come from experts like Sumeet Bagadia, Ganesh Dongre, Shiku Kuthupalakkal, and Sugandha Sachdeva. Here’s a list of stocks they suggest for buying or selling:
- GMR Airports: Buy at ₹82.22, target ₹88, stop loss ₹79
- Delhivery: Buy at ₹268.35, target ₹288, stop loss ₹258
- IndiGo: Buy at ₹5010, target ₹5250, stop loss ₹4880
- HUDCO: Buy at ₹195, target ₹203, stop loss ₹188
- Usha Martin: Buy at ₹300, target ₹330, stop loss ₹280
- Jupiter Wagons: Buy at ₹372, target ₹390, stop loss ₹363
- Adani Wilmar: Buy at ₹269.75, target ₹290, stop loss ₹262
- Avalon Technologies: Buy at ₹773, target ₹810, stop loss ₹756
- SBFC: Sell at ₹90, target ₹84, stop loss ₹92.50
As investors navigate through these challenging market conditions, staying informed and making strategic decisions based on expert analyses will be crucial.
