The Indian stock market is exhibiting a mixed sentiment as investors navigate global cues, India-US trade deal prospects, and technical indicators. The Nifty 50 index closed above the 25,000 mark on Thursday, gaining 0.13% to close at 25,005.50. The Bank Nifty also showed a positive trend, ending 0.24% higher at 54,669.60. However, broader market indices remained largely flat, indicating a cautious approach among investors.

Global Market Trends

Global markets are exhibiting volatility, influenced by factors such as US economic data, potential Federal Reserve rate cuts, and geopolitical tensions. The US market is making new record highs daily as they expect the Federal Reserve to cut interest rates more than once in the remaining 2025. European markets ended lower amid concerns about global growth. Asian currencies are surging as the US dollar weakens, which could impact summer travel costs. Investors are closely monitoring these global cues for potential impacts on the Indian stock market.

India-US Trade Deal

Renewed optimism surrounds ongoing trade negotiations between India and the US, lifting market sentiment. Union Minister Piyush Goyal indicated that the first tranche of the agreement with the United States on a trade deal should be finalized by November 2025. President Trump has invited an Indian delegation to Washington next week for talks that could finalize a deal within weeks. Sergio Gor, US ambassador-designate to India, said that India and the US are "not that far apart" right now on a trade deal. Potential benefits of a trade deal include stronger H2FY26 earnings, driven by GST rationalization and the benefits of monetary easing.

Nifty 50 Trade Setup

Immediate resistance for Nifty is seen at 25153, derived from previous swing high. On the lower side, a level around 24800 could offer immediate support. According to Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research), Nifty could gradually move towards the 25,200–25,500 range, with immediate support placed around the 24,800 level.

Stocks to Watch

Market experts have recommended several stocks for Friday. Rupak De, Senior Technical Analyst at LKP Securities, said that BHARTIARTL is exhibiting a strong bullish trend on the daily chart. 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 intraday stocks for today: Le Travenues Technology Ltd (IXIGO), ACME Solar Holdings Ltd., Lupin Ltd., Redington Ltd., United Spirits Ltd., Hi-Tech Pipes Ltd., Bajaj Consumer Care Ltd and Gujarat State Petronet Ltd.

Stocks Showing Buying Interest

Shares of Waaree Energies, Aurobindo Pharma, Gujarat Mineral Development, Ambuja Cements, BSE, Oracle and HDFC Bank were among the stocks that witnessed strong buying interest from market participants.

Disclaimer: The stock recommendations are based on market experts' views and are for informational purposes only. Consult your financial advisor before making any investment decisions.