Stock market today: Trade setup for Nifty 50, gold, silver rate, FII-DII data to USD vs INR — 8 stocks to buy or sell

Stock market today: The Indian stock market is expected to open on a mildly negative note, tracking continued weakness in global equities after a sharp sell-off in technology stocks. Growing concerns over AI-led disruption and fading optimism around near-term global rate cuts—following strong U.S. jobs data—are likely to weigh on sentiment. Nearly ₹2.80 lakh crore in market capitalisation was erased in the previous session, signalling that traders preferred to lock in gains rather than chase valuations at elevated levels.

However, this does not indicate structural damage; rather, it reflects controlled profit booking after a strong rally. FII flows remain supportive in the broader context, while steady DII participation continues to cushion volatility. The undertone has shifted from aggressive optimism to cautious consolidation, with markets entering a digestion phase as investors reassess valuations and global cues.

Gold, silver rates today

Gold and silver rates today saw some value buying in the early morning Asian session. The COMEX gold rate today opened with an upside gap and touched an intraday high of $5,007.40/oz, logging a gain of over 1%. The COMEX silver rate today is around $76.625 per ounce, nearly 1.25% higher than yesterday's close.

"The gold and silver rates today are expected to remain sideways to negative as higher-than-expected US job data has put the US Fed rate cut buzz at rest. This better-than-expected US job data signals a better condition of the US economy, which is expected to work as a taper in the gold and silver prices rally," said Anuj Gupta, a SEBI-registered market expert.

FII-DII data

Both FIIs and DIIs remained net buyers on Thursday. FIIs bought Indian shares worth ₹108 crore, whereas the DIIs bought shares worth ₹277 crore.

USD vs INR

Speaking on the outlook of the Indian National Rupee (INR) against the US Dollar (USD), Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities, said, "The Indian Rupee traded slightly stronger at 90.57, gaining 0.08 paise or 0.09%, as the dollar index remained flat near 96.82. Despite higher-than-expected U.S. Non-Farm Payrolls data, the dollar failed to gain traction, which supported the rupee’s mild recovery. Technically, immediate support for the rupee is seen near 90.25, while resistance is placed around 90.90. Range-bound movement is expected unless fresh global cues trigger directional momentum."

Stock market today

Speaking on the outlook of the Indian stock market, Osho Krishan, Chief Manager – Technical & Derivatives Research at Angel One, said, "The market breadth has shifted towards the bear amid the plunge in the IT index, which has negatively impacted investor sentiment. From a technical perspective, the benchmark index has displayed signs of caution over the past couple of sessions and with this latest setback, overall market sentiment has further diminished. On the levels front, the bullish gap present around 25,750-25,700 is likely to cushion any shortcomings in the upcoming session, while 25,600-25,500 seems to be the sacrosanct support zone for the Nifty 50 today. On the flip side, 25,950-26,000 remains the sturdy hurdle and a sustained breakthrough could only reinstate the bullish sentiment in the forthcoming sessions."

Unveiling the day trading strategy for bloggers, Osho Krishnan said, “As we move forward, we maintain our ‘Buy on dips’ strategy, employing a selective approach and prioritising robust risk management. Furthermore, it is prudent to refrain from complacent long positions until there is a confirmed restoration of market strength.”

Stocks to buy today

Regarding stocks to buy today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, recommended these eight intraday stocks for today: Honasa Consumer, Krishana Phoschem, Delhivery, BDL, Oberoi Realty, Cummins India, LT Foods, and Sharda Cropchem.

Sumeet Bagadia's stock recommendations for today

1] Honasa Consumer: Buy at ₹299.25, Target ₹320, Stop Loss ₹288; and

2] Krishana Phoschem: Buy at ₹527.80, Target ₹560, Stop Loss ₹508.

Ganesh Dongre's buy or sell stocks

3] Delhivery: Buy at ₹430, Target ₹460, Stop Loss ₹415;

4] BDL: Buy at ₹1270, Target ₹1330, Stop Loss ₹1230; and

5] Oberoi Realty: Buy at ₹1566, Target ₹1630, Stop Loss ₹1520.

Shiju Koothupalakkal's intraday stocks for today

6] Cummins India: Buy at ₹4429, Target ₹4620, Stop Loss ₹4350;

7] LT Foods: Buy at ₹428.85, Target ₹450, Stop Loss ₹420; and

8] Sharda Cropchem: Buy at ₹1252, Target ₹1320, Stop Loss ₹1225.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.