Stocks to buy under ₹100 : Experts recommend four intraday stocks for today — 16 January 2025
Stocks to buy under ₹100 : Experts recommend four intraday stocks for today — Bank of Maharashtra, NBCC, Rattanindia, and Punjab & Sind Bank
Stocks to buy under ₹100: On account of strong buying in Dalal Street heavyweight Reliance Industries shares ahead of the Q3 results 2025, the key benchmark indices of the Indian stock market ended higher for the second straight session on Wednesday. The Nifty 50 index finished 52 points higher at 23,228; the BSE Sensex ended 224 points higher at 76,724; the Nifty Bank index added 54 points and closed at 48,783. Among sectoral indices, Information Technology, Realty, and Consumer Durables led the advances, while Healthcare, Pharma, and Media sectors faced the steepest declines. The broader market demonstrated strength, with the Nifty Mid-cap 100 and Small-cap 100 indices outperforming the benchmark, rising 0.41% and 0.56%, respectively. Market breadth remained positive, with an advance-decline ratio of 1.19.
Stock market today
Speaking on the outlook of the Nifty 50 Index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “The near-term trend of Nifty is still weak. A sustainable move above the hurdle 23300-23350 levels could further strengthen the upside bounce in the market. At the lows, 23050 will be a crucial support for the market.”
On the outlook of the Nifty Bank Index, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, “Bank Nifty opened positively, witnessed a see-saw move on either side and settled the day on a marginally positive note at 48,752. Technically speaking, Bank Nifty, on a daily scale, has formed a small red candle, indicating uncertainty. However, the index is still below its 250-day Simple Moving Average (250-DSMA) hurdle, around 49,900. On the downside, 47,900 levels will immediately support the index. As long as Bank Nifty maintains below 49,900 levels, traders are advised to follow a sell-on-rise strategy.”
Stocks to buy under ₹100
Regarding intraday stocks for today under ₹100, market experts Sugandha Sachdeva, Founder of SS WealthStreet; Mahesh M Ojha, AVP—Research at Hensex Securities; and Anshul Jain, Head of Research at Lakshmishree Investmant and Securities—recommended buying these four shares: Bank of Maharashtra, NBCC (India), Rattanindia Enterprises, and Punjab & Sind Bank.
Sugandha Sachdeva’s intraday stocks for today
1] Bank of Maharashtra: Buy at ₹50.90, target ₹54, stop loss ₹48.90; and
2] NBCC (India): Buy at ₹86, target ₹90, stop loss ₹83.70.
Mahesh M Ojha’s share to buy today
3] Punjab & Sind Bank: Buy at ₹45.50 to ₹46.50, targets ₹48, ₹50, ₹52 and ₹55, stop loss ₹44.
Intraday stocks for today under ₹100: As investors watched this week’s IIP and inflation numbers, the India stock market continued to trade sideways. The Nifty 50 index ended 58 points lower at the 24,619 mark; the BSE Sensex finished 185 points lower at 81,523, whereas the Nifty Bank index went off 88 points and closed at 53,420. The Nifty Mid-cap and the Nifty Small-cap Indices bucked the trend. The Nifty Mid-cap 100 and the Small-cap 100 Indices rose for the twelfth day on the trot, gaining by 0.50% and 0.19%, respectively. Advancing shares outnumbered the declining shares, where the advance-decline ratio stood at 1.30 on BSE. The Nifty Micro-cap 250 index has registered a fresh all-time high in today’s trading session, while the Small-cap 100 index is just a few points away from its all-time high. This indicates strong breadth in the current uptrend. Amongst the sectoral Indices, Nifty Metal, Nifty Consumer durables and Nifty Reality gained the most, while Nifty FMCG, Media and Auto were significant losers.
Intraday stocks to buy today
Speaking on the outlook for the Indian , stock market today Sugandha Sachdeva, Founder of SS WealthStreet, said, “After three consecutive weeks of gains, the benchmark index paused at the start of the current week. The strength in the dollar index, underpinned by the resilience of the US economy, has created uncertainty about potential rate cuts by the US Fed in 2025, pressuring domestic markets. Additionally, the Indian rupee weakened to a record low of 84.73, tracking broader weakness in other Asian currencies. Nonetheless, the price action of the headline index indicates that the current pullback represents a healthy correction within a broader positive trend. The index closed above its 200 DEMA last week and retested the level, solidifying the 24,280 mark as a critical short-term support.”
On critical pivot levels regarding the Nifty 50 today, Sugandha Sachdeva said, “In the near term, the Nifty may witness further downside if it trades below the 24,580 level during the intraday session. However, any dips will likely present buying opportunities if the index sustains above 24,280 on a closing basis. On the upside, the index is expected to test the 24,880 level initially, with the potential to move towards the psychological 25,000 mark in the coming days. Market participants look forward to the domestic and US inflation data scheduled for release this week, likely to provide further directional cues.”
Intraday stocks for todat under Rs. 100
Regarding intraday stocks to buy today, stock market experts — Sugandha Sachdeva of SS WealthStreet, Mahesh M Ojha, AVP — Research at Hensex Securities, and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended buying these eight shares: Trident, Vodafone Idea, Oswal Greentech, Rattanindia Enterprises, AMJ Land Holdings, Alok Industries, GMR Airports, and Balaji Telefilms.
Sugandha Sachdeva’s stocks to buy today
1] Trident: Buy at ₹35.80, target ₹40, stop loss ₹32.70; and
2] Vodafone Idea: Buy at ₹8, target ₹9.80, stop loss ₹6.70.
Anshul Jain’s shares to buy today
3] Oswal Greentech: Buy at ₹54.50, target ₹60.50, stop loss ₹52.50;
4] Rattanindia Enterprises: Buy at ₹71.50, target ₹78.50, stop loss ₹68.50; and
5] AMJ Land Holdings: Buy at ₹66, target ₹72, stop loss ₹64.
Mahesh M Ojha’s small-cap stocks under ₹100
6] Alok Industries: Buy at ₹23.50 to ₹24, targets ₹26, ₹28 and ₹30, stop loss ₹21;
7] GMR Airports: Buy at ₹86 to ₹86.25, targets ₹88.50, ₹91 and ₹98, stop loss ₹84; and
8] Balaji Telefilms: Buy at ₹75 to ₹76, targets ₹79, ₹82, ₹85 and ₹88, stop loss ₹73.
With Thanks and Reference to:https://www.livemint.com/market/stock-market-news/stocks-to-buy-under-rs-100-experts-recommend-four-intraday-stocks-for-today-16-january-2025-11736993481560.html and https://www.msn.com/en-in/money/markets/intraday-stocks-for-today-under-100-experts-recommend-these-eight-shares-to-buy-today/ar-AA1vzbT6
