Breaking shares to buy or sell: The Indian stock market has endured a volatile trade session, as market participants consumed the implications of US President Donald Trump’s imposition of a 25% tariff and penalties on India. The benchmark indices – a number of 50 and Sensex – were opened on a poor note, with almost 1%, before performing a sharp intraday recovery to regain the 24,900 point. However, in the last hour of the trade, the indices returned in the negative territory. The Nifty 50 finally settled at 24,768,35 with a cut of 86.70 points, or 0.35%. Sectoral width was broadly negative, with all most important indices ending in the red that impedes the Nifty FMCG index, which impedes the trend and achieved 1.3%. The better performance in FMCG names was driven by defensive buying amid increased volatility and optimal comments from Hindustan Unilever of the sector. Trump tariffs on the US President of India, Donald Trump, signed a pleasant executive order on Thursday, which imposed reciprocal 25% tariffs on Indian imports. The order came into effect today, as the Indian and US governments failed to reach a consensus on the India-US trading transaction. Interestingly, the neighbor of India, Pakistan, concluded a trade agreement with the US, and the US government imposed a 19% trade tariff on the Islamic state. The stock market today Sumeet Bagadia, executive director at Choice Broking, believes that the Indian stock market sentiment is cautious as the Nifty 50 index faces an obstacle to 24,900. As Trump’s rates on India came into effect today, the market is expected to respond, and thus 24,500 support and 24,950 resistance to the most important measure index would be crucial. Sumeet Bagadia spoke on the prospects of the Nifty 50, saying: “The Indian stock market sentiment is cautious as the Nifty 50 index faces a hindrance at 24,900. Bagadia regarding Sumeet Bagadia’s intraday shares for Friday, the choice -expert recommended these five shares to buy today: Alkyl Amines Chemicals, Ixigo, Vimta Labs, Belrise Industries and Max India. 233.78, target £ 254, stop loss £ 223; Stop loss £ 210. Disclaimer: The views and recommendations above are those of individual analysts or brokerage businesses, not currency.
Breaking shares to buy or sell: Sumeet Bagadia recommends five shares to buy today despite Trump’s rates on India | Einsmark news
