5 hours Ago By Samannay Biswas
Indian equity indices opened on a positive note on Monday. The BSE Sensex rose 482.70 points, or 0.
61 per cent, to 79,695.23, while the NSE Nifty 50 climbed 96.25 points, or 0.
40 per cent, to 24,135.60. The early gains come after a strong week where the Nifty added 0.
8 per cent, closing at 24,039.35 for the week ended 25 April 2025. The Bank Nifty also advanced 0.
6 per cent to 54,664.05 during the week. IT, Auto, Realty and Pharma stocks drove the rally, whereas FMCG underperformed.
Broader indices posted gains ranging between 0.80 and 1.7 per cent.
Trade Setup for Monday According to Amol Athawale, Vice-President - Technical Research at Kotak Securities, if the Nifty 50 index remains below 24,100, the market could correct further towards 23,800–23,700. However, a breakout above 24,100 may trigger a fresh rally towards 24,400–24,500. For Bank Nifty, 55,000 remains the critical level for trend confirmation in the short term.
Macro Cues and Q4 Earnings to Drive Sentiment As the new month begins with a holiday-shortened week, investors will watch for monthly auto sales data, India's Index of Industrial Production (IIP) figures, and HSBC’s Manufacturing PMI Final report. Globally, updates on trade and tariffs will also influence market direction. Ajit Mishra, Senior Vice-President, Research at Religare Broking, cautioned that escalating geopolitical tensions between India and Pakistan could introduce volatility.
Corporate earnings announcements will be pivotal this week, with BPCL, IOC, Kotak Mahindra Bank, SBI, Bajaj Finance, TVS Motor, and UltraTech Cement among those scheduled to report. Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, “Geo-political developments between India and Pakistan could add volatility to the Indian market over the next few days. Meanwhile, stock and sector-specific action would continue after ongoing Q4 earnings announcements.
” Top Stock Picks for Today Several analysts shared their recommendations for Monday’s trade: Sumeet Bagadia (Choice Broking): Cholamandalam Financial Holdings Ltd — Buy at ₹1,978, target ₹2,111, stop-loss ₹1,900. Thyrocare Technologies Ltd — Buy at ₹889, target ₹950, stop-loss ₹858. Ganesh Dongre (Anand Rathi): Indian Energy Exchange Ltd — Buy at ₹190, target ₹198, stop-loss ₹184.
Jindal Saw Ltd — Buy at ₹255, target ₹264, stop-loss ₹250. ITC Ltd — Buy at ₹426, target ₹435, stop-loss ₹418. Shiju Koothupalakkal (Prabhudas Lilladher): Archean Chemical Industries Ltd — Buy at ₹656.
70, target ₹692, stop-loss ₹640. Hexaware Technologies Ltd — Buy at ₹704.85, target ₹740, stop-loss ₹688.
Delhivery Ltd — Buy at ₹304.90, target ₹320, stop-loss ₹297. All stock recommendations are based on current technical indicators such as bullish candle formations, breakouts, moving averages, and positive RSI trends.
Investor Alert: The stock views and recommendations expressed are those of individual analysts and do not represent the views of Mint. Investors are advised to consult certified financial experts before making any investment decisions. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Budget 2025, Companies,Markets, Business Economy and around the world.
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