The Indian stock market experienced a downturn in its last trading session on March 28, 2025, as investors reacted cautiously to the impending tariffs from U.S. President Donald Trump. The Nifty 50 index closed 72 points lower at 23,519.35, while the BSE Sensex fell by 191 points to end at 77,414.92. The Nifty Bank index also finished marginally lower at 51,564.
Market analysts, however, remain optimistic about the future. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that the Nifty 50 index is currently consolidating around the 23,500 range. She highlighted that a decisive breach above 23,700 could signal a fresh bull trend on Dalal Street. "The Nifty 50 index witnessed consolidation near the 23,500 zone with slight fluctuations on the last day of the trading session of the financial year, maintaining an overall positive bias," Parekh stated.
Parekh further elaborated on the market's technical outlook, indicating that support for the Nifty is at 23,400, while resistance is at 23,700. She mentioned that if the index breaches the 23,700 mark, it could pave the way for targets of 23,800 and 24,200 in the coming days. Similarly, the Bank Nifty index has shown strength compared to the Nifty index, sustaining above the crucial 200-period moving average at the 51,000 zone. A decisive breach above the resistance level of 52,000 could trigger an upward move with targets of 52,600 and 53,800 expected in the near future.
As investors look to navigate this volatile market, Parekh has recommended several stocks to consider for today’s trading. Her top picks include:
- CDSL: Investors can purchase shares at Rs 1,220 and aim to sell at Rs 1,260, with a stop loss set at Rs 1,185.
- ONGC: Suggested for purchase at Rs 246, with a target of Rs 255 and a stop loss at Rs 240.
- Force Motors: Buy at Rs 8,990, targeting Rs 9,800, with a stop loss at Rs 8,500.
In addition to Parekh’s recommendations, Sumeet Bagadia also provided insights into stocks that may perform well. His suggestions include:
- Simplex Infrastructure: Buy at Rs 322.05, with a target of Rs 345 and a stop loss at Rs 310.
- Mangalore Chemicals and Fertilisers: Purchase shares at Rs 155.66 and target Rs 167, with a stop loss at Rs 150.
- Fortis Healthcare: Recommended for purchase at Rs 698.35, aiming for Rs 744, and a stop loss at Rs 671.
- Godfrey Philips India: Buy at Rs 6,769.20, targeting Rs 7,250, with a stop loss at Rs 6,538.
- Radico Khaitan: Suggested for purchase at Rs 2,428.95, with a target of Rs 2,600 and a stop loss at Rs 2,343.
While these recommendations provide a roadmap for potential investments, both analysts emphasize the importance of consulting with certified financial experts before making any decisions. The stock market can be unpredictable, and it’s crucial for investors to stay informed and cautious.
The Indian stock market's performance is not just a reflection of domestic factors but is also influenced by global economic conditions. The uncertainty surrounding U.S. tariffs has made investors wary, leading to a more cautious approach in trading. As the new fiscal year begins, market participants are keen to see how these external factors will play out and what impact they will have on Indian equities.
As the market opens today, all eyes will be on the Nifty and Sensex indices to see if they can recover from the recent losses. Investors will also be watching the recommendations from experts closely, hoping to capitalize on the suggested stocks that could yield positive returns amid the ongoing market fluctuations.
In summary, while the Indian stock market faced a setback at the end of March 2025, analysts like Vaishali Parekh and Sumeet Bagadia are optimistic about specific stocks that could perform well. With strategic buying and selling, investors may find opportunities even in a challenging market landscape. As always, due diligence and professional advice are paramount for those looking to navigate the complexities of stock trading.
