Experts advise purchasing three shares of stocks under ₹100 on Monday, February 10, 2025.

BL Kashyap and Sons, NMDC Steel, and GMR Airports are the three stocks that experts advise purchasing on Monday for less than 100 rupees.

Stocks to buy under ₹100:

Friday saw the Indian stock market close lower for the third consecutive session due to poor sentiment in the global market. The BSE Sensex closed 197 points lower at 77,860, the Nifty 50 index ended 43 points lower at 23,559, and the Bank Nifty index closed 223 points higher at 50,158. The middle-cap index ended slightly higher than the small-cap index, which fell 0.68 percent in the overall market.

Stock market strategy

“The combination of income tax cuts and RBI rate cuts creates a favorable environment for economic growth, but its success depends on how effectively tax savings translate into higher consumption and investment,” said Krishna Appala, Sr. Research Analyst at Capitalmind Research, in reference to the factors that could influence the Indian stock market in the near future. The government’s emphasis on monetary policy easing, investment-led growth, and fiscal restraint points to a more balanced approach to economic growth. This is a critical time for companies and investors to seize new opportunities because, if inflation stays under control, India may be in a strong position for a long recovery.”

Senior Technical Research Analyst Nagaraj Shetti of HDFC Securities commented on the outlook for the Nifty 50 index: “The Nifty 50 index’s underlying short-term trend is weak with high volatility.” The market is currently at the 23,500–23,400 level support; a long-term upward move from the support could soon push the Nifty back to the 23,800 level. Any break in the support, though, could reverse the bullish wager and result in severe weakness.

When asked about the outlook for the Bank Nifty, “Crucially, Nifty Bank is holding firm above the 38.2% Fibonacci retracement level at 50,120, reinforcing the strength,” stated Om Mehra, Technical Analyst at SAMCO Securities. The 50,650 mark is thecurrent barrier, and a clear breakout above it could open the door for an extended move towards 51,500. With the broader setup remaining constructive, the near-term outlook skews neutral to positive, with price action around key levels dictating the next directional move.”