Stocks to buy under โน100: Following the geopolitical tension caused by the Israel-Iran war, the Indian stock market witnessed intense selling pressure on Monday. The Nifty 50 index crashed 140 points and closed at 24,971, the BSE Sensex shed 511 points and closed at 81,896, while the Bank Nifty index finished 193 points lower at 56,059. Trent, BEL, and Hindalco emerged as the top gainers on the Nifty, while Infosys, HCL Technologies, and Larsen & Toubro were the session's biggest laggards. NSE cash market volumes declined 19% compared to the 10-day average.
The Indian Rupee weakened 17 paise against the US Dollar, closing at 86.75โits lowest level since March 17. This depreciation stemmed from surging crude oil prices following US strikes on Iran's nuclear facilities, combined with a strengthening Dollar Index and weak domestic equity performance. The Mid-cap and the Small-cap indices defied the broader market decline. The Nifty Mid-cap 100 Index advanced 0.36%, while the Nifty Small-cap 100 Index gained 0.70%. Nifty Media, Consumer Durables, and Metals posted substantial gains, highlighting pockets of resilience. IT, Auto, and FMCG sectors closed sharply lower, weighing heavily on the benchmark index.
Stocks to buy under โน100 ๐ปโ๏ธ๐ฐ
Regarding stocks to buy today, Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP โ Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet โ recommended these four intraday stocks for today under โน100: Hi-Tech Pipes, NMDC, IRB Infrastructure, and NFL.
Vaishali Parekh's stock recommendations today
1] Hi-Tech Pipes: Buy at โน98, Target โน110, Stop Loss โน94.
Mahesh M Ojha's shares to buy under โน100
2] IRB Infrastructure: Buy at โน49 to โน49.50, Targets โน50.50, โน51.80, โน54, โน56, Stop Loss โน48.10; and
3] NMDC: Buy at โน67.50 to โน68.05, Targets โน69.40, โน71, โน74, Stop Loss โน66.50.
Anshul Jain's intraday stock for today under โน100
4] NFL: Buy 97.80, Target โน102.50, Stop Loss โน95.50.
Follow for more updates.โฅ๏ธโฅ๏ธ