Indian stock markets showed strength on Wednesday as the Nifty 50 index climbed for the third straight day to close at 25,050.55, up by 0.28 percent amid global cues and domestic gains. Experts point to key support levels and potential upside moves for Thursday, influenced by US Federal Reserve minutes and ongoing trade tensions from Donald Trump’s tariffs on Indian goods.
Market Wrap Up and Wednesday Highlights
The Nifty 50 gained momentum, ending at 25,050.55 after touching highs near 25,100 during the session. This marked the fifth consecutive positive close in recent weeks, driven by sectors like IT, realty, and fast moving consumer goods.
Sensex also rose, crossing 82,000 briefly before settling above 81,900. Midcap and smallcap indices added 0.3 to 0.46 percent, showing broad based buying interest. However, banking and pharma sectors lagged, with Bank Nifty down 0.30 percent at 55,698.50.
Trading volumes stayed healthy, supported by foreign investor inflows despite global uncertainties. Analysts note that positive government policies on consumption and GST reforms have boosted sentiment.
Key Levels to Watch for Nifty 50 on Thursday
For Thursday’s trade, experts highlight crucial support zones to maintain the bullish trend. The index needs to hold above certain marks to avoid pullbacks.
Shrikant Chouhan from Kotak Securities says 25,000 and 24,930 are vital supports. If these hold, Nifty could target 25,150 to 25,200 soon.
On the resistance side, a break above 25,100 might open doors to 25,250 or even 25,500 in the near term. Bank Nifty has supports at 54,800 and 55,000, with resistance near 56,000.
Traders should monitor intraday volatility, especially with India and US PMI data due today. A dip below 24,800 could shift sentiment bearish, pulling the index toward 24,500.
Here’s a quick table of key Nifty 50 levels for Thursday:
| Level Type | Nifty 50 Value | Bank Nifty Value |
|---|---|---|
| Key Support 1 | 25,000 | 55,000 |
| Key Support 2 | 24,930 | 54,800 |
| Immediate Resistance | 25,100 | 56,000 |
| Upside Target | 25,150-25,200 | 56,500 |
US Fed Minutes and Their Market Impact
The latest US Federal Reserve minutes from July revealed officials’ concerns over inflation risks outweighing job market issues. This divide comes amid President Donald Trump’s recent executive order imposing up to 50 percent tariffs on Indian exports like textiles and gems, effective from August 27, 2025.
Fed attendees discussed challenges to stable prices and full employment, hinting at possible rate adjustments. Markets reacted mildly, with US indices mixed; Nasdaq hit a record while Dow slipped.
In India, these developments add pressure on export heavy sectors but also fuel hopes for Fed rate cuts, which could ease global liquidity. Combined with Trump’s tariffs, aimed at curbing India’s alleged ties to Russian oil imports, this has led to cautious optimism in Indian markets.
Analysts like Siddhartha Khemka from Motilal Oswal see a positive near term outlook, backed by domestic policy support.
Recent global events, including China’s reserve ratio cut and strong Asian market gains, have also lifted spirits. For instance, Nikkei surged over 550 points recently, signaling broader recovery.
Trump Tariffs: Challenges and Opportunities for India
Trump’s tariffs, doubling duties to 50 percent on select Indian goods, escalate trade tensions. The order cites India’s imports of Russian oil as the reason, with initial 25 percent tariffs starting August 7 and the full hike by late August.
This affects key exports like leather and jewelry, potentially hurting related stocks. However, exemptions for some items offer relief.
Indian markets have shown resilience, with Nifty rebounding above 25,000. Experts believe domestic consumption boosts and GST rationalization could offset external pressures.
Long term, this might push India to diversify trade partners and strengthen local manufacturing.
Expert Picks: Eight Stocks to Buy or Sell Today
Market watchers have shared intraday recommendations for Thursday, focusing on stocks with strong technical setups. These picks come from analysts at Choice Broking, Anand Rathi, and Prabhudas Lilladher.
Here are the eight stocks suggested for today:
- Gokul Agro Resources Ltd: Buy at 335, stop loss 325, target 360. It broke out above 320-330 resistance with high volume.
- Vimta Labs Ltd: Positive momentum after recent gains; watch for upside to 600.
- Tata Consultancy Services Ltd: Strong IT sector play; aim for 4,500 if it holds above 4,300.
- Cyient Ltd: Bullish chart; target 2,000 with support at 1,900.
- Tata Steel Ltd: Metal recovery potential; buy on dips near 150.
- Mangalore Chemicals & Fertilizers Ltd: Agri boost; upside to 140.
- Tourism Finance Corporation of India Ltd: Travel sector rebound; target 200.
- India Pesticides Ltd: Breakout candidate; aim for 250.
These are based on technical analysis, including moving average crossovers and volume trends. Always use stop losses to manage risks.
Global Outlook and Trading Strategy
Global markets remain upbeat, with US futures in green and Asian indices like Hang Seng nearing all time highs. Gold is flat, while crude oil dips to around 72 dollars, easing inflation fears.
For Indian traders, the strategy is buy on dips above 24,800. Focus on IT and FMCG for gains, while monitoring banking for any rebound.
Upcoming PMI data could sway sentiment; strong numbers might push Nifty toward 25,500. Overall, bullish bias persists if supports hold.
What do you think about these market moves? Share your thoughts in the comments and pass this article to fellow investors for more insights.
