Morning Pulse: Nifty Rallies, Trade Winds Shift, Commodities Steady — 8 Stocks to Watch

The Indian equity market began Friday on a bullish note, with the Nifty 50 climbing 124.55 points to 25,709.85. The rally was supported by positive global cues, easing crude oil prices, and renewed optimism around India’s evolving trade relationship with the United States.

Major Takeaways:

- Nifty 50 opened at 25,546.85 and touched an intraday high of 25,781.50 before settling at 25,709.85. Market breadth remained positive with 27 stocks advancing and 23 declining.

- The India-US trade dialogue is expected to ease tariffs and foster deeper collaboration in technology and pharmaceuticals, potentially boosting investor sentiment across key sectors.

- Crude oil prices saw a marginal decline, offering relief to transport and manufacturing industries. Gold prices remained stable, reflecting cautious hedging amid global uncertainties.

- Analysts have identified eight stocks with strong upside potential: ASIANPAINT, M&M, HDFC Bank, Reliance Industries, Infosys, Tata Motors, ICICI Bank, and NTPC. These picks are backed by solid fundamentals and sector-specific momentum.

- Sectoral indices showed mixed trends, with auto and banking leading gains while FMCG and IT saw selective profit booking.

Stay alert for intraday swings as global earnings reports and macroeconomic data continue to influence sentiment.

Sources: NSE India, BSE India, Business Standard, Mint, Economic Times.