Sensex and Nifty 50 ended higher on Tuesday after a late surge in services and telecom stocks. Analysts hint at further upside as global cues turn positive and Tata Motors gears up for its CV listing
Market Overview: Nifty and Sensex Bounce Back Strong
After a weak start, Indian markets pulled off an impressive recovery on Tuesday. The Nifty 50 closed up 0.47% at 25,694.95, while the Sensex gained 0.4% to 83,871.32, thanks to solid buying in services and telecom stocks.
What turned the tide? Traders say optimism surged after Donald Trump hinted at a possible U.S.–India trade deal, which lifted investor sentiment. Stocks linked to exports, including shrimp exporters and textile firms, saw a noticeable bump.
Adding to the excitement, Tata Motors’ commercial vehicle (CV) business is officially listing on the NSE and BSE today (November 12), marking a major milestone for the auto giant.
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Technical Take: Nifty’s Path Toward 26,000
Market experts are turning optimistic again. Rupak De of LKP Securities noted that the Nifty 50 climbed back above its 21-day EMA, with momentum indicators hinting at a bullish crossover.
“The short-term trend looks positive. Nifty could aim for 26,000, with support placed around 25,600,” De said.
That’s a comforting sign for traders eyeing near-term gains as the index reclaims its upward bias after recent volatility.
What’s Moving the Market
Global cues are adding fuel to the rally. Vinod Nair of Geojit Financial Services said domestic equities shrugged off early jitters linked to the Delhi explosion, buoyed by upbeat international developments—particularly the U.S. Senate’s move to end its longest federal shutdown.
Nair added that the Q2 earnings season is wrapping up on a high note, with strong showings from the IT, auto, FMCG, and metal sectors. Investors now await India’s inflation data, hoping soft food prices could encourage the RBI to maintain an easy policy stance.
Stocks to Watch: 8 Expert Picks for Today
Market analysts from Choice Broking, Anand Rathi, and Prabhudas Lilladher have shared their top trading ideas for today’s session.
Sumeet Bagadia’s Picks (Choice Broking)
- Ashok Leyland Ltd – Buy at ₹146, target ₹156, stoploss ₹141
Formed a rounding bottom; bullish breakout above 144 confirms strong trend. - NALCO – Buy at ₹265.6, target ₹285, stoploss ₹256
Consistent higher highs, strong momentum, and EMAs aligned positively.
Ganesh Dongre’s Picks (Anand Rathi)
- HUDCO – Buy at ₹230, target ₹243, stoploss ₹223
Rebounding from strong support; bullish reversal pattern in play. - SBI Cards – Buy at ₹864, target ₹895, stoploss ₹845
Maintaining higher lows; short-term breakout expected. - ONGC – Buy at ₹249, target ₹262, stoploss ₹243
Oil sector strength continues; steady uptrend on daily chart.
Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)
- Hero MotoCorp – Buy at ₹5,417, target ₹5,570, stoploss ₹5,340
Double bottom formation with RSI reversal; bias improving above 50EMA. - VA Tech Wabag – Buy at ₹1,410, target ₹1,475, stoploss ₹1,375
Breaking out of consolidation; RSI suggests fresh upside momentum. - Marksans Pharma – Buy at ₹193.9, target ₹204, stoploss ₹189
Volume buildup and breakout above 50EMA hint at continued gains.
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The Bigger Picture
All eyes are now on three key triggers:
- Tata Motors CV Listing – Could unlock shareholder value and boost auto sentiment.
- Bihar Exit Polls – Expected to add short-term political flavor to market sentiment.
- Trump’s Tariff Talks – Any progress on U.S.–India trade could further lift export-oriented stocks.
With Nifty hovering near record highs, experts recommend staying selective but optimistic, focusing on sectors showing leadership—auto, IT, metals, and FMCG.
Disclaimer:
The views and recommendations mentioned above are those of individual analysts or brokerage firms and do not represent the views of Axpert Media. Investors are advised to conduct their own research or consult certified financial advisors before making any investment decisions. Axpert Media and its affiliates will not be responsible for any financial losses or decisions made based on the information provided in this article.
