Stock market news: The Indian stock market ended positively on Friday, with the Sensex increasing by approximately 484 points or 0.58% to reach 83,967, while the Nifty 50 rose by 125 points or 0.49% to settle at 25,709. This rally followed a sluggish start that was affected by weak Asian markets and geopolitical worries, but robust buying in major companies like Asian Paints, Bharti Airtel, M&M, ITC, HUL, and Reliance Industries drove a strong closing. Leading sectors such as FMCG, automobiles, and banking contributed to the gains, whereas IT and media sectors experienced some pressure due to lackluster quarterly results.<\/p>\n
As noted by Abhinav Tiwari, Research Analyst at Bonanza, market participants are likely to closely monitor the upcoming Q2 earnings reports, especially from major banks, and will respond to any significant developments in US-India trade discussions. Tiwari expresses a cautiously optimistic outlook, attributed to consistent institutional backing, reducing macroeconomic pressures, and seasonal advantages, although the uncertainty in global markets and challenges from IT earnings may result in increased volatility.<\/p>\n
Also Read | Is the Indian stock market closed on Monday for Diwali 2025?<\/a>Trade Setup for Monday<\/p>\n Rupak De, a Senior Technical Analyst at LKP Securities, noted that the outlook for Nifty 50 remains positive as the index has climbed above its four-month consolidation range. On Friday, large-cap stocks clearly outperformed their mid- and small-cap counterparts, a typical sign of a bullish market. In the initial phase of a classic bull market, large-cap stocks generally lead the charge, followed eventually by mid- and small-cap companies.<\/p>\n From a technical standpoint, Nifty 50 appears robust, suggesting potential for a significant upside from this point, and a “buy on dips” approach may be beneficial. Support is firmly established at 25,500, while resistance is anticipated in the range of 25,850 to 26,000.<\/p>\n Global Markets, Q2 results to Samvat 2082<\/p>\n Vinod Nair, the Head of Research at Geojit Investments Ltd, noted that Indian equities concluded the week significantly higher, with benchmark indices reaching new 52-week highs thanks to strong domestic signals. The rally was supported by robust performance in consumption-driven sectors and a widespread rebound across real estate, healthcare, and banking. Investor confidence received an additional boost from diminishing worries about asset quality in the financial sector and anticipated improvements in volume growth during the festive quarter.<\/p>\n Gold prices soared to unprecedented levels as global uncertainties, such as trade disputes and weakening macroeconomic data, led to a search for safe-haven assets. Meanwhile, IT stocks faced challenges due to concerns over global discretionary spending and increasing asset quality issues in the US banking sector. In spite of these external challenges, the domestic market largely remained shielded, supported by a strengthening Indian Rupee, enhanced liquidity conditions, and domestic investment inflows.<\/p>\n Also Read | Muhurat trading: Kotak Securities lists 7 stocks to buy for Samvat 2082<\/a>Stocks to buy today<\/p>\n Regarding stocks to buy today, market experts\u2014Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, recommended these eight intraday stocks for today: HBL Engineering<\/a> Ltd, Nippon Life India Asset Management<\/a> Ltd, Indusind Bank<\/a> Ltd, Reliance Industries<\/a> Ltd (RIL), Aditya Birla Capital <\/a>Ltd, Electronics Mart India <\/a>Ltd, Lemon Tree Hotels<\/a> Ltd, and Zuari Industries <\/a>Ltd.<\/p>\n Stocks to buy todaySumeet Bagadia’s stock picks<\/p>\n HBL Engineering Ltd: Bagadia recommends buying HBL Engineering share price at \u20b9936 keeping a stoploss at \u20b9903 with a HBL Engineering share price target of \u20b91,002.<\/p>\n HBL Engineering share price was trading at \u20b9936 and has recently made an all-time high, reflecting strong bullish momentum. On the weekly timeframe, the stock has formed a rounding bottom pattern and given a breakout from the trend line, leading to an all-time high close. The daily chart structure also remains constructive as the stock continues to form higher highs and higher lows, reaffirming the strength of the prevailing uptrend. On the upside, immediate resistance is seen near \u20b9963, and a breakout above this zone could trigger fresh short term target of \u20b91,002.<\/p>\n Nippon Life India Asset Management Ltd: Bagadia recommends buying Nippon Life India share price at \u20b9913 keeping a stoploss at \u20b9881 with a Nippon Life India share price target of \u20b9977.<\/p>\n Nippon Life India share price was trading at \u20b9913, registering a strong breakout from a prolonged consolidation phase with robust volumes, highlighting renewed participation and strong entry of fresh buyers that have fuelled the ongoing momentum.<\/p>\n The stock is well-positioned above its 20, 50, 100, and 200-day EMAs, all trending upward, which confirms sustained strength across multiple timeframes and reflects solid underlying demand.<\/p>\n In conclusion, based on the technical analysis and current market conditions, Nippon Life India share price presents a promising buying opportunity for those aiming for a \u20b9977 target, provided that appropriate risk management strategies are in place.<\/p>\n