After a rough patch of three days, India’s stock market finally caught a breath on Wednesday, with the Nifty 50 bouncing back 77 points to close at 24,620. The Sensex wasn’t far behind, adding 260 points to end at 80,998, while Bank Nifty inched up 76 points, closing at 55,676. The mood seems cautiously optimistic, but the question remains: what’s next for the markets, and which stocks are worth your attention on Thursday?
A Global Tug-of-War Reflects in Indian Markets
The US markets had a bit of a wobble on Wednesday. Investors were on edge as Treasury yields dropped, sending ripples across global equities. This uncertainty abroad influenced India’s trading session, but Indian indices showed resilience. The Mid-cap and Small-cap indices especially had a strong day, outperforming the larger benchmarks. The Nifty Midcap 100 gained 0.71%, and the Nifty Small-cap 100 followed suit with a 0.79% jump.
Market breadth stayed positive for the third straight day, with advancing stocks outnumbering decliners. The BSE advance-decline ratio stood at 1.10, indicating cautious but steady buying interest.
Some of the notable gainers on the Nifty were Eternal, Jio Financial, and IndusInd Bank, which seemed to shrug off the global jitters. On the flip side, Bajaj Finserv, Trent, and Eicher Motors weighed down the market with their losses.
What’s Cooking with Nifty 50: Support and Resistance Levels in Focus
Nandish Shah, Deputy Vice President at HDFC Securities, shared his take on the Nifty’s near-term outlook. The index closed below its 20-day exponential moving average (EMA) for the second day in a row, which usually raises some eyebrows among traders. But there’s a silver lining: the Nifty held above a crucial swing low of 24,462, registered back on May 22, 2025.
According to Shah:
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On the upside, the 24,845 level is a key resistance point. Breaking through this could pave the way for further gains.
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On the downside, 24,500 is acting as strong support. If the index dips below this, it could trigger some selling pressure.
This back-and-forth between support and resistance means traders should be ready for some volatility, but also opportunities to buy on dips or book profits on rallies.
Stocks to Buy or Sell: Experts’ Picks for Thursday
Investors love a good tip, and experts have lined up eight stocks that are likely to be in the spotlight tomorrow. Here’s the lowdown:
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Supreme Industries
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Lloyds Metals And Energy
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Bharat Electronics Limited (BEL)
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CESE
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Lodha
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Indian Overseas Bank (IOB)
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CG Power
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NBCC
These stocks are getting attention for different reasons — some showing strength, others facing challenges. Traders should keep an eye on volume and price action before making moves. For example, BEL has been in the news for defense contracts, making it an interesting buy candidate. Meanwhile, CG Power is struggling with debt issues, so caution is advised.
Here’s a quick glance at these stocks’ recent performance and market sentiment:
| Stock | Recent Trend | Analyst View | Key Factors |
|---|---|---|---|
| Supreme Industries | Steady uptrend | Buy recommended | Strong Q4 earnings forecast |
| Lloyds Metals & Energy | Mixed volatility | Hold | Commodity price fluctuations |
| BEL | Bullish momentum | Buy | Defense orders, government support |
| CESE | Consolidation phase | Watch | Awaiting quarterly results |
| Lodha | Slight dip | Sell recommended | Slow real estate demand |
| IOB | Recovery signs | Buy | Capital infusion plans |
| CG Power | Downtrend | Sell | Debt concerns, restructuring |
| NBCC | Stable | Hold | Government infrastructure projects |
This snapshot gives you a feel for where these stocks stand, but remember, markets can be unpredictable.
How Global Cues Could Shape Indian Markets Tomorrow
Globally, the US Treasury yields dropping has investors scratching their heads. Lower yields usually mean cheaper borrowing costs, which can be good for growth stocks, but they also signal worries about economic slowdown. The Fed’s next moves will be crucial. Meanwhile, European and Asian markets are showing mixed signals, adding layers of complexity.
India’s market is tethered to these global waves but also buoyed by strong domestic demand and corporate earnings. The outperformance of Mid and Small caps hints at investor confidence in homegrown growth stories, which might keep markets afloat even if global waters get choppy.
Will the Nifty push past 24,845? Will Treasury yields stabilize? These are the questions on traders’ minds as Thursday’s session approaches.
What Should Traders Watch Out For?
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Keep an eye on global economic data releases and Fed announcements. They can shift market sentiment in a heartbeat.
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Domestic cues like corporate earnings, RBI policies, and government reforms will also steer investor mood.
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Watch the volume and price action in the eight stocks mentioned. Sharp moves could create short-term trading opportunities.
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Don’t forget to manage risk. Set stop losses and keep emotions in check.
Trading these days isn’t a walk in the park. It’s more like surfing – sometimes you catch the wave, other times you wipe out. But with a good sense of where the currents run, you can ride it out better.
Markets are like a living organism – unpredictable but fascinating. Stay alert, and the game could be in your favor.
