By Soumya Ranjan Today’s stock market: Although 24,700 would serve as a critical resistance area for the bulls, 24,500 remains a promising support zone for the Nifty-50 index on the downside. Experts predicted that the decline would likely continue above 24,700, reaching 24,850–24,900.
Today’s stock market: On Wednesday, the benchmark Nifty 50 index closed another sluggish trading session at 24,574.20, down 0.3%. After the RBI kept the policy rate constant and the stance neutral, the Bank Nifty ended the day slightly higher at 55,411.15, with Realty, Pharma, and IT emerging as the biggest losers. Additionally, the broader indices ended the day almost 1% lower.
Stocks to buy or sell on Thursday
Although 24,700 would serve as a critical resistance area for the bulls, 24,500 remains a promising support zone for the Nifty-50 index on the downside. The decline is expected to last until 24,850–24,900 above 24,700, according to Shrikant Chouhan, Head of Equity Research at Kotak Securities.
According to Bajaj Broking, the Bank Nifty index is approaching a critical support zone between 55,200 and 54,900.
Today’s world markets and Q1 findings
The RBI remained neutral, despite global headwinds, highlighting India’s domestic resilience and fiscal prudence. The inflation outlook is favorable, with a good monsoon and healthy kharif sowing predicting a better second half.
Trump’s tariffs on India
Donald Trump pledged similar measures against other countries that purchase Russian energy and thereby fund Moscow’s financially strapped war effort in Ukraine, and he announced an additional 25% tariff on India as a “penalty” for its continued import of Russian crude oil. Goods entering the United States within 21 days of August 6, 2025, are subject to the new tariff (with the exception of shipments that are already in route and must arrive by September 17, 2025).
Trump’s most recent round of tariffs raises the total amount of duties on Indian imports into the US to 50%, which is 20% more than the tariff on China and 21% more than the tariff on Pakistan.
In a knee-jerk reaction, we anticipate a 1%–2% decline in the markets, but most people would anticipate a similar outcome. If these tariffs are maintained for a year, the impact on GDP will be approximately 30–40 basis points, according to Dhiraj Relli, MD & CEO, HDFC Securities.
Stocks to purchase today
Regarding stocks to buy today, market experts—Sumeet 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: Asian Paints Ltd., State Bank of India , HDFC Bank, Life Insurance Corporation of India, ICICI Prudential Life Insurance Company Ltd., Mahindra & Mahindra Ltd., and Godrej Agrovet Ltd.
Sumeet Bagadia’s stock pick
- Asian Paints Ltd-Bagadia recommends buying ASIANPAINT at around ₹2491.2, keeping the stop loss at ₹2400 for a target price of ₹2667
At ₹2,491.2, ASIANPAINT is presently trading within a wide range of consolidation. Healthy trading volumes have accompanied the stock’s recent recovery from its lower support levels, suggesting accumulation and increasing investor interest in these price ranges. The price has recovered its short- and medium-term exponential moving averages (EMAs) during this rebound, indicating increasing price strength.
Ganesh Dongre’s stocks to buy today
2. State Bank of India—Dongre recommends buying State Bank of India or SBIN, at around ₹805 keeping stop loss at ₹795 for a target price of ₹822
The stock is trading at ₹ 805, with a strong bullish pattern and positive price momentum. It has established a strong support base at ₹ 795, suggesting a reversal from this level and potential price retracement towards ₹822.
3. HDFC Bank—Dongre recommends buying HDFCBANK at around ₹1985, keeping Stoploss at ₹1965 for a target price of ₹2025.
The stock, currently priced at ₹ 1985 and maintaining support at ₹ 1965, is showing a bullish pattern, offering a potential price retracement towards ₹ 2025. Investing with a stop-loss at ₹ 1965 is prudent.
4. Life Insurance Corporation of India—Dongre recommends buying BUY LICI at around ₹895, keeping stop loss at ₹870 for a target price of ₹925
The stock is showing a strong bullish pattern, offering a promising opportunity for short-term traders. Priced at ₹ 895, it’s maintaining support at ₹ 870, with potential for price retracement towards ₹ 925.
Shiju Koothupalakkal intraday stocks for today
5. ICICI Prudential Life Insurance Company Ltd-Koothupalakkal recommends buying ICICI PRU LIFE at around ₹619.40 for a target price of ₹650, keeping Stop loss at ₹606
We can anticipate a further increase in the upcoming sessions as the stock, which had seen some decent erosion, has found support close to the 600 zone and has indicated a pullback with a positive candle formation moving past the significant 100-period MA at the ₹615 level to improve the bias. After making a good correction, the RSI is now in a good position with a trend reversal indication, indicating a buy from the oversold zone with plenty of upside potential. We advise purchasing the stock because the chart appears to be technically sound.
6. Mahindra & Mahindra Ltd-Koothupalakkal recommends buying MAH & MAH at around ₹3227 for a target price of ₹3350 at a stop loss at ₹3175
The stock has remained strongly biased, holding above the significant 50EMA zone, which is currently situated close to the ₹3135 level. It has shown signs of a slow increase with significant upside potential, and a clear break above the ₹3270 zone will set off a breakout that will scale new targets of the ₹3350 and ₹3490 levels in the days ahead. The RSI is in a good position right now and has given a buy signal to continue the upward trend. We advise purchasing the stock because the chart appears to be in good technical condition.
7. Godrej Agrovet Ltd-Koothupalakkal recommends buying GODREJ AGROVET at around ₹831 for a target of ₹870, keeping stop loss at ₹814
Taking support near the 50EMA at the ₹795 level has shown a bullish candle to improve the bias, and we can expect a further rise in the upcoming sessions. Overall, the stock has indicated a rising trend with a series of higher bottom formations visible on the daily chart. The RSI is in a good position right now after correcting out of the overbought zone, suggesting a buy signal to continue the upward trend. We advise purchasing the stock because the chart appears to be technically sound.
Conclude: The opinions and suggestions expressed above are not those of Times of Dalal Street, but rather those of specific analysts or brokerage firms. Before making any investment decisions, we encourage investors to consult with qualified professionals.
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