The Indian stock market showed positive signs on Wednesday with mixed movements across indices. Experts have also suggested eight key stocks to consider for trading today. Along with stock movements, gold, silver, currency trends, and the new India-EU Free Trade Agreement (FTA) are impacting market sentiment.
Nifty 50 and Sensex Update
The Nifty 50 index ended 127 points higher, while the Sensex gained around 320 points. After early dips in the day, the market found support near 24,900/81,000 and bounced sharply. Analysts noted that a long bullish candle on daily charts suggests a positive outlook for short-term traders.
The Bank Nifty also closed on a bullish note, showing strong buying interest near 58,100. Market experts expect higher volatility due to the upcoming Union Budget 2026.
Support and Resistance Levels:
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Nifty: Support at 24,900 / 81,000; Resistance at 25,200 / 81,800
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Bank Nifty: Support at 58,800; Resistance at 59,500
Gold and Silver Rates Today
Gold and silver prices continue to reach record highs.
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MCX Gold: ₹1,59,820 per 10 grams
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MCX Silver: ₹3,64,821 per kg
The surge in prices is due to global demand, US dollar weakness, and safe-haven buying. Silver has already gained 50% in January, following a strong performance in 2025. Experts recommend keeping an eye on COMEX prices as international markets influence domestic rates.
USD vs INR Outlook
The Indian Rupee strengthened slightly to ₹91.70 against USD, supported by optimism around the India-EU Free Trade Agreement. Analysts expect the rupee to trade between 91.35 and 92.15 in the near term.
Global events, including US Federal Reserve policies, will continue to affect the currency trend. Investors and importers should monitor these developments closely.
India-EU Free Trade Agreement Impact
The India-EU FTA, signed on January 27, 2026, allows India to export 99% of goods with zero or reduced tariffs. Key sectors benefiting include:
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Textiles and Apparel
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Footwear and Leather
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Fisheries and Marine Products
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Chemicals and Pharmaceuticals
This agreement is expected to boost exports, attract foreign investment, and improve India’s global supply chain integration. Importantly, EU goods will also see reduced tariffs, which may increase competition for some Indian manufacturers but help lower input costs.
Experts say this deal could positively influence the stock market, especially export-oriented and IT sectors.
8 Stocks Recommended for Today
Market experts from Choice Broking, Anand Rathi, Kotak Securities, and Prabhudas Lilladher have recommended 8 stocks to watch:
1. Axis Bank
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Buy at ₹1,316 | Target ₹1,408 | Stop Loss ₹1,270
Strong upward momentum with consistent higher highs; technical indicators remain bullish.
2. APL Apollo
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Buy at ₹2,061 | Target ₹2,203 | Stop Loss ₹1,990
Recently broke out from consolidation; shows renewed buying interest.
3. ICICI Bank
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Buy at ₹1,360 | Target ₹1,395 | Stop Loss ₹1,345
Sustained bullish pattern; investors showing consistent interest.
4. NTPC
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Buy at ₹344 | Target ₹360 | Stop Loss ₹335
Strong support at 335; technical setup suggests further upward movement.
5. Bharat Dynamics Ltd (BDL)
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Buy at ₹1,469 | Target ₹1,525 | Stop Loss ₹1,430
Short-term bullish pattern; positive technical indicators.
6. Waaree Energies
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Buy at ₹2,695 | Target ₹2,820 | Stop Loss ₹2,640
Showing revival after consolidation; strong volume participation.
7. IRCON International
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Buy at ₹154.90 | Target ₹163 | Stop Loss ₹151
Stable near ₹152 after correction; positive bias for intraday trading.
8. MTAR Technologies
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Buy at ₹2,528 | Target ₹2,650 | Stop Loss ₹2,470
Series of higher bottom formations; technical setup looks bullish.
Note: These recommendations are based on technical analysis and are for educational purposes. Traders should consult certified experts before investing.
Conclusion
The Indian stock market is showing positive signs, with Nifty and Bank Nifty forming bullish patterns. Gold and silver continue to reach new highs due to global uncertainty, while the USD-INR rate strengthens on trade optimism.
The India-EU Free Trade Agreement is expected to benefit export sectors, increase investor confidence, and encourage foreign investment. Traders should keep an eye on key support and resistance levels and watch the recommended stocks for potential intraday or short-term opportunities.
FAQs
What is the current Nifty 50 level?
The Nifty 50 closed at 25,175.4 points, up around 127 points today.
What are the latest gold and silver rates?
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Gold: ₹1,59,820 per 10 grams
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Silver: ₹3,64,821 per kg
How will India-EU FTA affect the market?
The FTA will boost exports, attract FDI, and improve trade integration with Europe. Export-oriented sectors like textiles, footwear, chemicals, and IT are expected to benefit most.
Which stocks are recommended today?
Experts suggest Axis Bank, APL Apollo, ICICI Bank, NTPC, BDL, Waaree Energies, IRCON International, and MTAR Technologies.
What is the USD vs INR trend?
The rupee is trading stronger at ₹91.70 against USD, supported by trade optimism. The near-term range is 91.35–92.15.