Indian Stock Market: A more significant-than-expected reduction in the repo rate, along with additional liquidity support due to a CRR cut, has enhanced market sentiment, propelling both the Nifty 50 and Sensex by over 1%.
The Nifty 50 gained 252 points, or 1.02%, concluding at 25,003, while the Sensex rose by 443 points, or 1%, finishing at 82,188. This rally driven by the RBI has shifted the Nifty 50’s weekly performance into positive territory with a 1.02% increase, while the Sensex recorded a 0.91% rise.
Outlook for Next Week
Sentiment in the Indian stock market has turned positive as the Nifty 50 index decisively crossed the 25,000 mark.
“Once the benchmark index convincingly surpasses Friday’s high, we can anticipate the Nifty 50 reaching 25,600 and 26,000,” stated Sumeet Bagadia, Executive Director at Choice Broking.
Recommended Stocks
Sumeet Bagadia has identified three stocks to consider buying on Monday, June 9, 2025: NCC, M&M, and Voltas.
Here are the stock picks:
NCC | Buy at ₹237.89 | Target Price: ₹260 | Stop Loss: ₹225
NCC is currently trading at ₹237.89, showing a robust bounce from lower levels and consistently forming higher highs and lows—typical indicators of an uptrend. Following this increase, the stock is now consolidating near its swing highs, signaling healthy profit-taking before the next upward movement.
The recent trading activity suggests that NCC may soon break out, indicating potential continued momentum upward. A sustained move above ₹240 would confirm this breakout and open doors for a short-term rally toward the ₹260 resistance level.
Momentum indicators also support bullish projections. The Relative Strength Index (RSI) is at 60.08 and indicating a potential positive shift, signaling increasing bullish momentum. The stock remains well-supported, positioned for growth near significant technical levels.
This setup suggests a transition from consolidation to a probable breakout, bolstered by strong technical signals. Given the threat of risk management and positive price patterns, traders might consider purchasing NCC at ₹237.89, with a stop-loss at ₹225. A breakout above ₹240 could set the foundation for an upward trend towards ₹260 soon.
