Stock market today: Trade setup for Nifty 50, Trump tariffs, US-India trade deal to Gold prices; 8 stocks to buy or sell
Stock market today: Sensex and Nifty 50 rose for the fourth day, driven by blue-chip bank stocks. Sensex gained 136.63 points, closing at 81,926.75. Nifty 50 added 30.65 points. Analysts suggest poten
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Stock market news: Benchmark stock indices Sensex and Nifty 50 continued their upward momentum for the fourth consecutive day on Tuesday, driven by a rally in blue-chip bank stocks and domestic institutional investors buying activity. The 30-share BSE Sensex increased by 136.63 points, or 0.17%, closing at 81,926.75 after a day of fluctuating trade. The index saw a notable rise, jumping 519.44 points, or 0.63%, to reach a high of 82,309.56 before profit-taking at higher levels pulled it back.
In a volatile session, Nifty 50 gained 30.65 points, or 0.12%, finishing at 25,108.30. Twelve of the 16 major sectors showed positive movement for the day, while broader mid-cap and small-cap indices increased by 0.5% and 0.3%, respectively. Financials also advanced by 0.2%, marking a sixth straight session of gains, with India two largest private lenders, HDFC Bank and ICICI Bank, each rising by 0.9%.
Trade Setup for Wednesday
Vatsal Bhuva, Technical Analyst at LKP Securities, mentioned that after three consecutive positive closings, Nifty 50 encountered selling pressure near its resistance zone of 25,200–25,250 in Tuesday session. This suggests that bullish momentum may pause, leading to potential short-term consolidation. However, as long as the index remains above the 24,900 level, where its 50-day EMA is located, the outlook stays positive.
In the derivatives market, both call and put writers were active, with significant open interest additions at the 25,000 put and 25,200 call strikes. Consequently, Nifty 50 is anticipated to trade within a range of 24,950–25,300, with support at 24,950–25,000 and resistance at 25,250–25,300.
Global Markets to H2 FY26 earnings
Vinod Nair, Head of Research at Geojit Investments, noted that the domestic equity market opened positively, buoyed by favourable global cues and anticipation ahead of the upcoming earnings season. Despite this optimistic start, the market ultimately closed with modest gains as expectations for Q2 FY26 earnings remained subdued.
In the short term, market focus will shift toward corporate commentary to gauge insights into a potential recovery in Q3. Sectoral performance was mixed; while financial stocks saw gains following recent RBI reforms, FMCG stocks lagged due to disappointing pre-result updates.
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 seven intraday stocks for today: Ather Energy Ltd, UNO Minda Ltd, BSE Ltd, JSW Energy Ltd, Punjab National Bank, Hi-Tech Pipes Ltd, Rail Vikas Nigam Ltd (RVNL), and Transrail Lighting Ltd.
Sumeet Bagadia stock picks
Ather Energy Ltd: Bagadia recommends buying Ather Energy share price at ₹630 keeping a stoploss at ₹608 with a Ather Energy share price target of ₹674.
Ather Energy share price was trading at 630, the stock is currently displaying a Long-term uptrend, evident from its recent strong rally. The price structure is forming a sequence of higher lows and higher highs in recent sessions and has formed a new all-time high at 639.9, indicating strong bullish momentum. This bullish structure is supported by rising volumes, confirming the strength behind the price action. The overall trend remains firmly positive, with the 20, 50, 100-day Exponential Moving Averages all trending upward—underscoring sustained demand and strengthening bullish sentiment across short- to long-term timeframes.
In conclusion, based on current technical conditions, Ather Energy share price offers a strong buying opportunity for short-term traders targeting 674, provided sound risk management measures are maintained.
UNO Minda Ltd: Bagadia recommends buying UNO Minda share price at ₹1,366 keeping a stoploss at ₹1,320 with a UNO Minda share price target of ₹1,458.
UNO Minda share price was trading at 1,366, registering a strong breakout from a prolonged consolidation phase with robust volumes, highlighting renewed participation and strong entry of fresh buyers that have fuelled the ongoing momentum. The stock is well-positioned above its 20, 50, 100, and 200-day EMAs, all trending upward, which confirms sustained strength across multiple timeframes and reflects solid underlying demand.
In conclusion, based on the technical analysis and current market conditions, UNO Minda share price presents a promising buying opportunity for those aiming for a 1,458 target, provided that appropriate risk management strategies are in place.
Ganesh Dongre stocks to buy today
BSE Ltd: Ganesh Dongre recommends buying BSE share price at ₹2,230 with a stoploss at ₹2,150 with BSE share price target of ₹2,450.
BSE share price has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading a
2025-10-08
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Anushka Tripathi
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