Indian equities closed lower on Tuesday despite supportive global cues, as the market continued to move sideways amid uneven earnings and cautious derivative positioning. The Nifty 50 settled at 25,884.80, down 74.7 points (-0.28%), while the Sensex slipped 313.7 points (-0.36%) to 84,587.01.
Market Outlook
Abhinav Tiwari of Bonanza said investors will now focus on key triggers such as the US Federal Reserve’s December policy, its commentary on potential rate cuts, developments in the US-India trade agreement, and domestic macro indicators like GDP, CPI and IIP.
Technical View for Wednesday
According to Nilesh Jain of Centrum Broking, the Nifty has declined for three straight sessions. The November series ended weak as the index failed to cross 26,000 and closed below 25,900. Jain noted that a clear move above 26,000 could spark short covering and push the index toward 26,200. However, slipping below its 21-DMA at 25,850 may drag it down to 25,700.
Stocks Recommended for Intraday Trades
Experts suggested eight picks, including Jubilant Ingrevia and Aditya Birla Capital by Sumeet Bagadia, and Tourism Finance, Ather Energy and Hero MotoCorp by Shiju Koothupalakkal. Their calls were based on improving momentum, bullish chart patterns and supportive RSI signals, with defined targets and stop-loss levels.