Today’s stock market update is here! We’re diving into the trade setup for Nifty 50, discussing GST reforms, and looking at Trump tariffs. Don’t miss our list of eight stocks to buy or sell on Monday!

Stock market today: In the holiday-shortened week wrapping up on August 4, 2025, the Nifty-50 index closed at 24,631.30, marking a rise of nearly 1%. The Bank Nifty also saw a boost, finishing at 55,341.85, up by 0.6%. Key sectors driving this growth included Healthcare, IT, and Autos, while Realty, Consumer, and Telecom faced some setbacks. Trade Setup for Monday For the Nifty, it’s crucial to break through the 24,750–24,800 resistance zone, as doing so could lead us toward 25,100. Immediate support is found in the 24,470–24,450 range; if it dips below that, we might see the index slide down to 24,250 or even 24,100, according to Sudeep Shah, Vice-president & Head of Technical and Derivatives Research at SBI Securities. As for the Bank Nifty, the 55,700–55,800 zone is anticipated to serve as a significant resistance level, while support is expected in the 54,900–54,800 range, as noted by Shah. “Bulls are likely to celebrate PM Modi's announcement of GST reforms during his Independence Day speech. He has hinted at next-generation GST reforms by Diwali 2025, which could stimulate consumption in India since GST is a consumption-based tax applied nationwide. Reports suggest that the Government of India (GoI) is considering moving nearly 99% of goods from the 12% GST slab to 5%, and a similar shift from the 28% slab to 18%. The market might start pricing in these GST reforms, leading to strong buying in consumption-focused sectors like FMCG, consumer durables, and agriculture,” said Anuj Gupta, Director at Ya Wealth. Global markets today and Q1 Results Looking ahead, the market's direction will hinge on the balance between domestic macro data and global risk factors. Softer inflation and robust PMIs could bolster sentiment, but cautious positioning from foreign institutional investors and external uncertainties might limit the upside. Trade-sensitive and export-driven sectors may experience volatility, while domestic plays in infrastructure, autos, and discretionary consumption could show relative strength, according to Ajit Mishra – SVP, Research at Religare Broking Ltd. If you're on the lookout for stocks to buy today, market experts like 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 have some solid recommendations. They’ve highlighted eight intraday stocks for today: Kingfa Science & Technology (India) Ltd, Fedbank Financial Services Ltd., DLF Ltd., Tata Elxsi Ltd., Punjab National Bank, Manappuram Finance Ltd, VA Tech Wabag Ltd., and Apollo Micro Systems Ltd. Let’s dive into Sumeet Bagadia's stock picks: 1. Kingfa Science & Technology (India) Ltd.—Bagadia suggests buying KINGFA at around ₹3815, with a stop loss set at ₹3670 and a target price of ₹4090. Currently, KINGFA is trading at ₹3815 and has shown a strong surge in today’s session. The price action indicates a clear bullish breakout from recent consolidation, driven by robust buying interest. On the technical side, the stock opened at ₹3,605.40, steadily climbed to an intraday high, and closed near the peak of the day—definitely a sign of sustained demand. 2. Fedbank Financial Services Ltd.—Bagadia recommends purchasing FEDFINA at ₹135.17, with a stop loss at ₹130 and a target price of ₹144. FEDFINA is currently at ₹135.17 and has delivered a strong breakout performance today. The price action marks a significant breakout above the short-term consolidation zone, with increased volumes backing this bullish move. Today’s breakout is the first major push from the lower end of this range, raising hopes for a bullish trend. FEDFINA made a strong recovery from the day’s low of ₹128, closing near the high, which is a notable intraday comeback. Now, let’s check out Ganesh Dongre's stock recommendation for today: 3. Punjab National Bank—Dongre suggests buying PNB at around ₹106, with a stop loss at ₹103 and a target price of ₹110. Looking at the recent short-term trend analysis of the stock, we've spotted a significant bullish reversal pattern. This technical indicator hints at a potential temporary pullback in the stock's price, possibly dipping to around Rs. 110. Right now, the stock is holding steady at a key support level of Rs. 103. With the current market price sitting at Rs. 106, it seems like a good buying opportunity is on the horizon. Investors might want to consider snagging the stock at this price, with hopes of it climbing towards that target of Rs. 110. 4. Tata Elxsi Ltd—Dongre suggests buying TATAELXSI at about ₹5680, with a stop loss set at ₹5600, aiming for a target of ₹5900. We've noticed a solid support level for this stock around Rs. 5600. At this point, the stock has shown a reversal in price action at the Rs. 5680 mark, which could lead to a rally up to its next resistance level of Rs. 5900. Traders might want to buy and hold this stock, using a stop loss of Rs. 5600, targeting a price of Rs. 5900 in the coming weeks. 5. DLF Ltd—Dongre recommends purchasing DLF at around ₹750, with a stop loss at ₹735 and a target price of ₹775. In the latest short-term trend analysis, we've identified a promising bullish reversal pattern. This technical signal indicates that there might be a temporary pullback in the stock's price, potentially reaching around Rs. 775. Currently, the stock is maintaining an important support level at Rs. 735. Shiju Koothupalakkal's intraday stocks for today: 6. VA Tech Wabag Ltd: Koothupalakkal advises buying WABAG at approximately ₹1584, targeting a price of ₹1650, with a stop loss of ₹1545.

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