Stock Market Today Nifty Setup & 8 Buys

Stock Market Today: Nifty 50 Edges Higher Amid Volatility

Indian benchmark indices extended their winning streak for the fourth straight session on October 7, 2025, buoyed by banking heavyweights and domestic fund inflows, though profit-taking capped gains in a choppy trade. The BSE Sensex climbed 136.63 points or 0.17% to settle at 81,926.75, after touching an intraday peak of 82,309.56-a 519.44-point or 0.63% surge-before sellers emerged at elevated levels. Similarly, the Nifty 50 inched up 30.65 points or 0.12% to close at 25,108.30, reflecting cautious optimism ahead of corporate earnings and global cues.

Sectoral breadth favored bulls, with 12 of 16 key segments advancing; financial services rose 0.2% for the sixth day running, led by HDFC Bank and ICICI Bank each gaining 0.9%. Midcap and smallcap gauges outperformed, up 0.5% and 0.3% respectively, signaling resilience in broader markets. This stock market today performance underscores steady domestic flows offsetting global jitters from US fiscal tensions and Fed policy signals, setting the stage for Wednesday's trade amid Trump tariff talks and US-India deal buzz.

As investors digest Q2 FY26 earnings previews, focus sharpens on Nifty 50 trade setup, potential gold price today movements tied to safe-haven bids, and selective stock picks for intraday plays. With volatility lingering, strategic positioning in 8 recommended buys could yield opportunities in this dynamic environment.

Nifty 50 Trade Setup: Resistance Test and Rangebound Action

After three days of gains, Nifty 50 faced headwinds near the 25,200-25,250 resistance band on Tuesday, hinting at near-term pauses, as per Vatsal Bhuva of LKP Securities. The index's 50-day EMA at 24,900 serves as a pivotal support; holds above signal continued positivity, while breaches could trigger consolidations toward 24,800. In derivatives, call writers dominated at 25,200 strikes and puts at 25,000, pointing to Wednesday's likely range of 24,950-25,300.

Support clusters at 24,950-25,000, bolstered by rising EMAs, while resistance at 25,250-25,300 may cap upside absent fresh catalysts. Bhuva advises monitoring volume for breakouts; sustained buys above 25,300 could eye 25,500, but fading momentum risks 5% retracements. This Nifty 50 trade setup reflects broader sentiment, where banking resilience counters IT drags, with FIIs net sellers at ₹500 crore amid global yields.

For positional traders, RSI at 62 suggests room for upside, but MACD crossovers will confirm momentum. Options data implies 1% daily moves, favoring strangles for volatility plays.

Global Cues and H2 FY26 Earnings: Mixed Sector Signals

Vinod Nair of Geojit Investments attributes Tuesday's muted close to tempered Q2 FY26 expectations, despite upbeat opens from Asian greens and US futures. Financials thrived on RBI's liquidity tweaks, but FMCG faltered on weak pre-quarter updates from HUL and Dabur, down 0.5% on rural slowdown fears.

Global markets to H2 FY26 earnings spotlight US shutdown's data delays, potentially skewing Fed paths and spilling into EMs. Trump's tariff rhetoric-25% on China, 10% universal-stirs US-India trade deal talks, with negotiations eyeing $500 billion bilateral flows by 2030. This could buoy exporters like IT and pharma, but auto and textiles brace for duties.

Nair forecasts Q3 recovery via management tones, with capex cues from L&T and TCS setting tones. Gold prices today, up 1% to ₹78,500/10g on COMEX highs, reflect haven bids, potentially diverting FIIs from equities.

Trump Tariffs and US-India Trade Deal Implications

Tariffs risk 2% GDP drag, but deals could offset via eased visas and IP protections.

• IT: H-1B relief boosts TCS, Infosys.
• Pharma: Generic exports gain from FDA nods.
• Auto: EV pacts counter duties.

Optimism tempers volatility, favoring defensives.

Top Stocks to Buy Today: 8 Intraday Picks from Experts

Navigating Wednesday's range, experts spotlight 8 stocks for intraday trades, blending momentum and technicals. Sumeet Bagadia of Choice Broking flags Ather Energy and UNO Minda for breakouts; Ganesh Dongre of Anand Rathi eyes BSE, JSW Energy, and PNB; Shiju Koothupalakkal of Prabhudas Lilladher picks Hi-Tech Pipes, RVNL, and Transrail Lighting. These stocks to buy today recommendations target 5-10% upsides, with tight stops amid Nifty consolidation.

Bagadia's Ather Energy (buy at ₹630, SL ₹608, target ₹674) rides EV rally, forming higher highs with volumes confirming bias. UNO Minda (buy at ₹1,366, SL ₹1,320, target ₹1,458) breaks consolidation, above key EMAs signaling demand.

Dongre's BSE (buy at ₹2,230, SL ₹2,150, target ₹2,450) holds support at ₹2,150, poised for retracement. JSW Energy (buy at ₹548, SL ₹530, target ₹580) and PNB (buy at ₹114, SL ₹109, target ₹119) mirror bullish reversals from bases.

Koothupalakkal's Technical Picks

Hi-Tech Pipes (buy at ₹118.35, SL ₹115, target ₹127) flags bullish volume surge, RSI cooling for upside. RVNL (buy at ₹354.85, SL ₹347, target ₹375) higher bottoms past 50EMA. Transrail Lighting (buy at ₹757.70, SL ₹740, target ₹800) rising trend with EMA crossover.

• Common theme: Support reversals, volume confirmation.
• Risk management: 2-3% SLs for 5-7% rewards.
• Exit cues: Trail profits on breakouts.

These align with Nifty's range, favoring dips in cyclicals.

Broader Market Sentiment: Earnings and Geopolitical Watch

Nair's take highlights earnings anticipation tempering gains, with Q2 muted by macro drags but Q3 cues pivotal for capex revival. FMCG's 0.5% dip on rural woes contrasts financials' streak, while metals lag on China stimulus doubts.

Trump tariffs, proposing 60% on China and 10% universal, ripple via US-India trade deal prospects, potentially unlocking $100 billion in agri-tech swaps. Gold prices today, at ₹78,500/10g, hedge uncertainties, up 1% on COMEX $2,650/oz.

FIIs net buyers at ₹1,200 crore, DIIs ₹800 crore, propelling advances over declines 2,100:1,200. VIX at 13 signals calm, but options skews caution on 25,000 puts.

Wednesday opens to Asian mixed, Dow futures flat; Nifty eyes 25,100 pivot for directional cues.

Sectoral Highlights and Laggards: Financials Lead, FMCG Trails

Financials' 0.2% nudge, HDFC/ICICI at 0.9%, stems from CRR cuts freeing ₹1.5 lakh crore liquidity. Auto dipped 0.3% on EV subsidy delays, IT held flat awaiting TCS cues.

Midcaps' 0.5% outperformance spotlights small-caps' 0.3%, with 150 stocks hitting 52-week highs versus 50 lows. Rupee at 83.85/$ gained 5 paise on flows.

Trump's tariffs risk 0.5% GDP hit but deals could add $200 billion exports; gold's haven bid sustains amid fiscal fog.

In this poised market, selective longs in recommended stocks could capitalize on range plays, blending caution with conviction.