Stock market today: Trade setup for Nifty 50, US Fed rate cut, India-US trade deal; 8 stocks to buy or sell on Thursday
Stock market today: Nifty has support placed near 25150
Buisness
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Stock market today: The Benchmark Nifty 50 index maintained its positive momentum on Wednesday ending at 25,330.25, up 0.36%. The Bank Nifty at 55,493.30 gained 0.63% while IT, Auto, Oil & Gas were other key gainers. Metals was on the other hand was key loser. Among Broader Indices , mid-caps gained slightly though Small-caps gained up to 0.68%
Trade Setup for Thursday
Nifty is in continuation of an uptrend with support placed near 25150, the previous swing high on the daily charts. On the higher side, 25550 and 25670 are the key resistances to watch out for, said Nandish Shah - Deputy Vice President, HDFC Securities.
A follow-through strength for Bank Nifty will open further upside towards 56,000-56150 level, said Bajaj Broking.
Stocks to buy 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: L&T Finance Ltd, Hyundai Motor India Ltd., Punjab National Bank, Kirloskar Pneumatic Company Ltd., Hero MotoCorp Ltd., Bajaj Consumer Care Ltd., Paradeep Phosphates Ltd and Banco Products (India) Ltd (BANCOINDIA).
US Fed rate cut
The US Federal Reserve decided to cut the benchmark interest rate by 25 basis points on Wednesday, September 17, amid signs of growing stress in the labour market.
The FOMC voted by an 11:1 majority to cut the federal funds rate by 25 bps and bring it down to a range of 4 per cent to 4.25 per cent.
2025-09-18
By
Anushka Tripathi
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