Stock market today: The Indian stock market experienced a massive sell-off on Friday, October 25. The two benchmark indices, the Sensex and the Nifty 50 each fell almost 1%, while the mid- and small-cap sectors saw declines of 2%.

The Sensex lost 663 points, or 0.83 per cent, closing at 79,402.29. Meanwhile, the Nifty 50 fell 219 points, or 0.90 per cent, to end at 24,180.80. The BSE Midcap and Smallcap indices recorded declines of 1.48% and 2.44%, respectively.

Trading Guide for the Stock Market Today

Regarding the market outlook today, Hrishikesh Yedve, assistant vice president of technical research and derivatives at Asit C. Mehta Investment Intermediates Ltd. (a company of the Pantomath group), declared: “The Clever opened on a flat note but encountered strong selling pressure, closing at 24,181. The INDIA VIX Volatility Index rose 4.74% to 14.63, indicating increased market volatility. Technically, Nifty formed a bearish candle on the daily and weekly charts, indicating weakness. The 150-day exponential moving average (DEMA) is placed near 23,950, with the previous lowest at 23,893. Thus, the index will find good support in the range 23,900-23,950. On the upside, 24,500 and 24,700 are important resistance levels, and traders should consider taking profits on any bounce, given the prevailing bearish sentiment. »

On the outlook for Bank Nifty, Yedve added, “Bank Nifty opened with a downside gap and remained bearish throughout the day. As a result, the index ended the day on a negative note at 50,787. Technically, on the daily scale, Bank Nifty formed a bearish candle and crossed the crucial support level of 51,000, indicating weakness. However, the index found support near the 150-day exponential moving average (DEMA) and trendline support, which helped the index give some relief to the recovery. 150-DEMA is currently placed near 50380. As long as Bank Nifty respects 50380, a bounce to 51000 is feasible, but it should be used to make profits. Sustaining below 50,380 could push Bank Nifty to the psychological threshold of 50,000.”

On the fundamental perspectives of CleverVinod Nair, head of research at Geojit Financial Services, said, “Investor psychology has turned a bit gloomy due to current geopolitical tensions and a knee-jerk reaction from FIIs, which has dampened sentiment. The main indices, Nifty and Sensex, fell by 2.7% and 2.2% respectively. While the bears smashed the mid and small caps, which plunged 5.2%/7.4%. Compared to the recent peak, major indices are down about 8%. Sustained FII sales and lack of domestic market triggers could impact market sentiment in the near term.

Nair added: “The quarter’s results were impacted by a lukewarm demand environment and margin pressure, which weighed the most on FMCG, metals, automobiles and real estate. While IT remained relatively stable and contributed less to overall losses awaiting recovery. BFSI spending and a favorable outlook for US spending. We expect continued consolidation in the short term; a reversal of the trend will depend on a slowdown in the intensity of FII sales and the outcome of the US presidential election. National macroeconomics are largely favorable. the market with the unveiling of strong PMI data and reiteration of economic growth forecast for FY25 by the RBI. A moderation in valuation, recovery in earnings in the second half of FY25 and the expectation of a rate cut from the RBI in 2025 will provide support to the sectors. to watch include consumer, FMCG, infrastructure, next-gen companies, manufacturing and chemicals.

Second Quarter Results Today

Some of the major companies that will announce their July-September quarter results for financial year 2024-25 (Q2FY25) on Monday, October 28 are Adani Power, Bharti Airtel, Sun Pharmaceutical Industries, Ambuja Cements, Punjab National Bank, BHEL, Federal Bank , CIO, JSW Infrastructure, Motilal Oswal and others.

Stocks to Buy Today

When it comes to stocks to buy today, stock market experts Sumeet Bagadia, executive director of Choice Broking and Ganesh Dongre, senior director of technical research at Anand Rathi, recommended buying these six stocks: Yatharth Hospital and Trauma Care ServicesThermomax, Pharmaceuticals torrent, ICICI Bankand BEL.

Sumeet Bagadia Day Trading Stocks

1) Yatharth Hospital: Buy on ₹649.65 | Target price: ₹690 | Stop Losses: ₹625

Yatharth Hospital stock is exhibiting strong bullish momentum, currently trading at an all-time high of ₹667.2 levels. The recent break above the crucial resistance at the 628 levels is an important technical development, supported by robust trading volumes, reinforcing the strength of the stock. This breakthrough suggests a potential continuation of the upward trend, providing an optimistic outlook for investors.

Additionally, Yatharth Hospital is trading above key moving averages including the short-term (20-day), medium-term (50-day) and long-term (200-day) EMAs, thereby confirming its bullish stance . The momentum indicator, Relative Strength Index (RSI), is at the level of 63.98.

For traders, it is advisable to keep an eye on strong support near the 625 levels, as a breakout of this level could signal a change in sentiment. Overall, Yatharth Hospital’s current technical setup suggests a favorable environment for further upside potential, provided traders and investors remain vigilant for potential reversals and closely monitor key support and upside levels. resistance.

Based on the above analysis, we recommend buying Yatharth Hospital and CMP from ₹649.65 with a stop loss of ₹625 for the target of ₹690.

2) Thermox Limited: Buy on ₹5,431.15 | Target price: ₹5,750 | Stop Losses: ₹5,222

Thermax stock price recently saw a significant breakout on the daily chart. This breakout was accompanied by an uptrend in the upward movement, characterized by higher highs and higher lows. The strong bullish sentiment is further validated by a notable increase in trading volume.

Key technical indicators, particularly the Relative Strength Index (RSI), highlight the stock’s positive momentum. The RSI not only indicates favorable trends but also aligns with stocks trading above important moving averages, including the 20-day, 50-day, and 100-day exponential moving averages (EMA). This convergence highlights the continued strength of Thermomax price action.

In summary, the decisive breakout, along with encouraging volume and positive alignment in key technical indicators, suggest a bullish outlook for Thermax shares. Traders and investors can interpret this analysis as an indication of potential and sustained upward momentum in the stock.

Considering the above analysis, we recommend Thermax shares for cash at the current market price (CMP) of ₹5,431.15, setting a target of ₹5,750, and setting up a stop loss at ₹5,222.

Ganesh Dongre Stock Recommendations

3) Torrent Pharmaceuticals: buy on ₹3,433 | Target price: ₹3,600 | Stop Losses: ₹3,375

In the recent short-term trend analysis of Torrent Pharmaceuticals stock, a notable bullish reversal trend has emerged. This technical setup suggests the possibility of a temporary retracement in the stock price, possibly reaching approximately ₹3,600. Currently, the stock maintains a crucial support level at ₹3,375. Given the current market price of ₹3,433, a buying opportunity is emerging. This suggests that investors might consider buying Torrent Pharma shares at their current price, anticipating an upside towards the identified target of ₹3,600.

4) ICICI Bank: Buy on ₹1,260 | Target price: ₹1,310 | Stop Losses: ₹1,230

In the recent short-term trend analysis of ICICI Bank stocks, a notable bullish reversal trend has emerged. This technical setup suggests the possibility of a temporary retracement in the stock price, possibly reaching approximately ₹1,310. Currently, ICICI Bank stock maintains a crucial support level at ₹1,230. Given the current market price of ₹1,260, a buying opportunity is emerging. This suggests that investors might consider buying ICICI Bank shares at their current price, anticipating a rise towards the identified target of ₹1,310.

5) BEL: Buy from ₹275 | Target price: ₹290 | Stop Losses: ₹265

In the recent analysis of short-term trends of Bharat Electronics stocks, a notable bullish reversal trend has emerged. This technical setup suggests the possibility of a temporary retracement in the stock price, possibly reaching approximately ₹290. Currently, the stock maintains a crucial level of support at ₹265. Given the current market price of ₹275, a buying opportunity is emerging. This suggests that investors might consider buying the stock at its current price, anticipating an increase towards the identified target of ₹290.

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or brokerage firms, and not of Mint. We strongly advise investors to consult certified experts before making any investment decisions, as market conditions can change quickly and individual circumstances may vary.