Stock Market Today: Buoyed by dovish commentary from RBI and hike in FY25 GDP growth forecast, Indian stock market Last week Friday finished higher for the third straight session. gave Nifty 50 The index closed up 468 points at 23,290, while the BSE Sensex gained 1618 points at 76,693. The Bank Nifty index closed up 511 points at 49,803. However, the India VIX index ended 0.49 percent higher at 16.88. In the broad market, the small-cap index ended up 2.18 percent, while the mid-cap index ended 1.28 percent higher.

Modi Cabinet 2024 in focus

On the impact of Modi 3.0 on the Indian stock market, Avinash Gorakshkar, head of research at Profit Mart Securities, said, “The Modi 3.0 government came into being after the swearing-in ceremony of the Modi cabinet on Sunday evening. As the swearing-in ceremony This indicates that the government will remain in the BJP stronghold, the Indian stock market is expected to take it positively, and we may see an extension of the positive bias on Monday’s trade.”

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Trade setup for Monday

Commenting on Nifty’s outlook today, Nagaraj Shetty, senior technical research analyst at HDFC Securities said, “Nifty’s short-term trend remains positive. A slight dip in Market From the highs in the short term, and this could be a buying opportunity. Today, immediate support for Nifty is placed at 22,900 level.”

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Commenting on Bank Nifty’s outlook today, Ropak D, Senior Technical Analyst, LKP Securities said, “Bank Nifty has shown bullish momentum, finding support near its 10-day moving average and A bullish rolling candle has formed on the daily chart, closing near its resistance level, which is the key resistance level for the Bank Nifty at 50,500, while it is likely to breach the setup resistance further to the upside. Shows potential for growth.”

Commenting on the outlook for the Indian stock market today, Siddhartha Khemka, head of retail research at Motilal Oswal said, “The European Central Bank announced a 25 bps interest rate cut for the first time in nearly five global indicators. has added to the positivity.The year, moving faster than its US and UK counterparts, has revived hopes that the US Fed may cut interest rates based on recent macro data points, we Allocations to key cabinet portfolios will remain volatile, with defense, roads, energy, commerce, and railways biased upwards.”

Buy or sell stock ideas from experts.

Talking about stocks to buy today, stock market experts Samit Bugadia, executive director of Choice Broking, and Ganesh Dongre, senior manager of technical research at Anand Rathi, recommended buying or selling five stocks on Monday.

Sumit Bagadia’s stocks will buy today.

1]TVS Motor: Buy at ₹2407.65, target ₹2525, stop loss ₹2323.

An analysis of TCS Motor’s daily chart reveals a remarkable change in market dynamics, changing from a period of modest decline to a promising upside bounce. This breakout has been accompanied by a consolidation of the upward movement, characterized by a bullish pattern in the weekly chart. A significant increase in trading volume further validates the strong bullish sentiment.

2]Trent: Buy at ₹4964.60, target ₹5200, stop loss ₹4800.

Trent’s share price is showing solid momentum with bullish momentum, trading at all-time highs. ₹5010.40. A recent breakout above critical resistance ₹The 4777 level is an important technical development supported by strong trading volume, reinforcing the stock’s strength. This development indicates a possible continuation of the upward trend, which offers an optimistic outlook for investors.

Buy or sell Ganesh Dongre stock.

3]Equitas Small Finance Bank: Buy at ₹97.25, target ₹105.30, stop loss ₹93.

Banking stocks are looking positive on the chart pattern and may see some upside soon.

4]Sobha: Buy at ₹2086, target ₹2255, stop loss ₹1985.

Realty stocks have formed a strong base around. ₹1985 and has given a strong positive move after forming a base around this level. In this bull trend, one can expect the stock to touch down. ₹Limit of 2255.

LT Foods: Buy at ₹244.65, target ₹270, stop loss ₹235.

Shares of LT Foods have made a strong positive move after forming a base around. ₹235. On the chart pattern, the stock is facing a barrier. ₹270 and may test this range in the near term.

abandonment: The above views and recommendations are those of individual analysts, experts and brokerage firms, and not of Minutes. We advise investors to consult certified experts before making any investment decision.