IT sector got you down! Find out how you can explore today’s Indian market with some of the best trading platforms available.
The Indian stock market opened flat on Friday amid the mixed global elements with rising pressure on IT stocks. At 9:31 A.M., Sensex was down 7.77 points at 76,340 while Nifty slipped 2.25 points to 23,192. Nifty Bank and other broader indices witnessed slight gains.
Experts suggest that Nifty has support at 23,100-22,900 and resistance at 23,250-23,400. On Thursday, Indian equities hit a one-month high after the US Fed signaled rate cuts.
Top losers came up in the form of Infosys, TCS, and HCL Tech, while Bajaj Finance, Nestle India, and Sun Pharma gained importance. Global markets show mixed trends; the US is closing low, and Asian markets are trading in all directions. FIIS were not buyers, while DIIs turned sellers after 29 sessions.
Key Stocks to watch out for
Some of the best stocks which traders can opt for are stated here:
- Bajaj Finance: It has been a top gainer in the Sensex pack. This shows the strong performance.
- Nestle India: This has been another strong performer with chances for growth.
- Sun Pharma: It is one of the top gainers with good chances for growth in the healthcare sector.
- Maruti Suzuki: It is a key player in the automobile sector to show positive momentum.
- Bajaj Finserv: This stock has gained importance, and it is a strong contender in the financial services sector.
- Adani Ports: Being one of the top gainers, it is known for its growth in infrastructure and logistics.
The stocks mentioned above have shown positive movement and can be considered for buying. This is the best fit for a market that has shown some resistance and volatility. Using one of the top trading platforms will be beneficial to execute trades more efficiently. Moreover, it is important to analyze risk tolerance and financial goals before making any better decisions.
Stock Market Prediction for March 21, 2025
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Bullish Momentum May Continue
After the strong gains in Sensex (+1.19%) and Nifty (+1.24%), the market should open on a flat note. In this era of bullish trends, investors must look for the best chances with the best trading platforms. This helps them to stay ahead of the market trend.
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Sectoral Trends
- IT, Auto, FMCG, Metal, Realty, and Consumer Durables can extend their gains
- Oil, Gas, and Healthcare sectors are also looking strong after yesterday’s performance.
- Banking stocks can be under pressure.
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Stock-Specific Movement
- Bharti Airtel, Titan, Britannia, Eicher Motors, and Bajaj Auto will continue to move upwards.
- Bajaj Finance, Trent, and Shriram Finance can witness some limitations.
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Global and FII Influence
- Positive sentiment from the US Fed’s decision on the interest rates may support further benefits.
- FIIs inflows can boost large-cap stocks.
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Conclusion
Even with the slow IT stocks, the Indian market is strong. Experts believe that the upward trend will grow. Smart investors must watch key stocks and plan accordingly. Are you ready to make the most of the market’s rise? Using the best trading platform guarantees seamless execution and better market opportunities.
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