After a sharp decline on Tuesday, the Indian stock market displayed high volatility on Wednesday, but finished on a positive note. The Nifty 50 index gained 134 points, closing at 23,159, while the BSE Sensex rose by 566 points, settling at 76,404. The Nifty Bank index also saw a robust rise of 195 points, closing at 48,766.
However, the broader markets underperformed the benchmark indices. The Nifty Mid-cap 100 index fell by 1.34%, while the Nifty Small-cap 100 plunged 1.63%. This weakness in mid- and small-cap stocks was further reflected in the advance-decline ratio, which stood at a bearish 0.42 on the BSE. This indicates a higher number of declining stocks compared to advancing ones, signaling a cautionary sentiment in the broader market.
Intraday Stocks for Today under INR 100
For today, stock market experts have recommended the following intraday stocks under INR 100 for potential trading opportunities:
- South Indian Bank: Buy at INR 26.79, target INR 29, with a stop loss at INR 25.50.
- Exxaro Tiles: Buy at INR 9.78, target INR 10.60, with a stop loss at INR 9.40.
- MMTC: Sell at INR 71.20, target INR 67.50, with a stop loss at INR 73.50.
- IFCI: Sell at INR 56.60, target INR 53, with a stop loss at INR 59.40.
- Imagicaaworld Entertainment: Buy at INR 67 to INR 67.25, with targets at INR 69.80, INR 71.50, INR 74, and INR 80. Stop loss below INR 64.
- SBFC Finance: Buy at INR 90 to INR 90.50, with targets at INR 93.50, INR 97, and INR 100. Stop loss below INR 87.
- Medico Remedies: Buy at INR 71.40, target INR 75, with a stop loss at INR 69.
While the market showed positive movement on Wednesday, caution remains in the broader market segments, making intraday stock picks crucial for traders today.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Business Headline. We advise investors to check with certified experts before making any investment decisions.
