Stocks to buy under ₹100: The Indian stock market extended its rally for the third straight session and finished higher on Thursday. The Nifty 50 index gained 304 points and closed at 25,549, the BSE Sensex shot up 1,000 points and closed at 83,755, while the Bank Nifty index went up 585 points and closed at 57,206. Sectorally, private banks, oil & gas, and metal counters witnessed strong traction, advancing 1–2%, while profit-taking was evident in realty and media pockets, which ended lower by around 1% each. The BSE Midcap index outperformed with a gain of 0.5%, while the Smallcap closed on a muted note, essentially unchanged amid stock-specific churn.
The June F&O series concluded positively, extending the winning streak to four straight expiries and underscoring a sustained bullish undertone in the broader market. Bank stocks saw strong buying, lifting the Nifty Bank index to a new all-time high of 57,263.45. The rally in the Nifty Bank Index was mainly driven by heavy buying in private sector banks.
Stock market today
Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, “The Nifty 50 index, after one and a half months gripped between a tight range, has indicated a clear breakout with a bullish candle formation above the tough resistance hurdle of 25300 zone strengthening the trend and further rise is expected in the coming days. The index would have the near-term support elevated now to the 25250-25300 zone and on the upside with bias and sentiment improving, can expect targets of 25700 and 26200 levels in the coming days.”
“The Bank Nifty index has indicated a strong closing with a bullish candle pattern to breach above the previous peak zone at 57050 level and has entered new territory with bias improved significantly, expecting a further upward move in the coming days. The index would have the important support near the 56000 zone, which needs to be sustained, and, on the upside, can expect fresh higher targets of 58500 and 60000 levels in the coming days,” said Shiju Kuthupalakkal of Prabhudas Lilladher.
Stocks to buy today under ₹100
Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended five intraday stocks for today under ₹100: Lloyds Engineering, Umiya Buildcon, BL Kashyap, Snowman Logistics, and Bank of Maharashtra.
Sumeet Bagadia’s stock recommendations today
1] Lloyds Engineering: Buy at ₹62, Target ₹70, Stop Loss ₹59; and
2] Umiya Buildcon: Buy at ₹76.80, Target ₹82.17, Stop Loss ₹74.11.
Mahesh M Ojha’s stocks to buy under ₹100
3] BL Kashyap: Buy at ₹65.50 to ₹66.50, Targets ₹68, ₹70, ₹74, ₹76, Stop Loss ₹64; and
4] Snowman Logistics: Buy at ₹61 to ₹61.75, Targets ₹63.80, ₹65, ₹67, ₹70, Stop Loss ₹58.80.
Sugandha Sachdeva’s intraday stock for today
5] Bank of Maharashtra: Buy at ₹53.70, Targets ₹56, ₹58, Stop Loss ₹52.50.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
