Buy or sell stocks: After showcasing a strong rally on Friday, the Indian stock market lost momentum and ended lower in the first session of the June 2025 series. The Nifty 50 index ended 82 points lower at 24,750, the BSE Sensex finished 182 points lower at 81,451, while the Bank Nifty index added 203 points and closed at 55,749. Trading volumes on the NSE cash market were sharply higher by 57% compared to the previous session, mainly due to MSCI rebalancing-related trades. For the week, the Nifty registered a minor decline of 0.33%.
The Mid-cap and small-cap indices once again showcased their outperformance relative to the benchmark, though they, too, ended marginally lower. The Nifty Midcap 100 Index fell by a mere 0.06%, while the Nifty Small-cap 100 Index corrected by just 0.03%. Market breadth turned negative, with declining stocks outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.84.
Stock market today
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is still positive as the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index may soon touch 25,300 if it breaks above 25,000 on a closing basis.
Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index witnessed another session of consolidation near the 24,700 to 24,800 zone and, with the bias maintained intact, can expect for further rise once a decisive breach above the 25,000 zone is confirmed, with upside targets of 26,300 and 27,200 levels achievable in the coming days. As mentioned earlier, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact.”
“The Bank Nifty index witnessed a significant pullback in the second half to gather strength and closed near the important hurdle at the 55800 zone with bias improving and anticipating a breakout above the 56000 zone with strength indicated and can trigger for fresh upside targets of 57700 and 60300 levels in the coming days. As mentioned earlier, the near-term support shall be maintained near the 54500 zone, which needs to be sustained as of now,” said Parekh.
Parekh said that today, support for the Nifty is at 24,600, while resistance is at 25,000. The Bank Nifty will have a daily range of 55,400 to 56,400.
Vaishali Parekh’s stock recommendations today
Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: Welspun Corp, HCC, and Dabur India.
1] Welspun Corp: Buy at ₹932, Target ₹960, Stop Loss ₹920;
2] HCC: Buy at ₹34, Target ₹40, Stop Loss ₹32; and
3] Dabur India: Buy at ₹484, Target ₹500, Stop Loss ₹476.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
