5 Stocks Under ₹100: Can They Double Your Money?

Volatility grips indices, banking stocks lag.

GIFT Nifty flat, cautious opening expected.

Five intraday stocks under ₹100 picked by experts.

5 Stocks Under ₹100: Can They Double Your Money?

Volatility grips indices, banking stocks lag.

5 Stocks Under ₹100: Can They Double Your Money? The Sensex and Nifty50 indices are showing volatility in early trading on the first day of 2025, with fluctuations between gains and losses, largely influenced by banking sector declines. Analysts expect the markets to remain steady as they await the upcoming quarterly earnings season. Stocks like Sun Pharma, Asian Paints, Infosys, L&T, and HCL Tech are among the top gainers, while financial stocks like ICICI Bank and Kotak Mahindra Bank are struggling.

Sector performance is mixed, with Nifty Media and IT sectors posting gains, while Nifty Bank, Auto, Metal, and Realty are in the red. The broader market, including small and mid-cap indices, is mostly flat.

Additionally, companies like IREDA, South West Pinnacle Exploration, and SJVN are seeing positive movement, while Shradha Infraprojects and Orient Cement are facing setbacks due to new challenges. Bond yields are expected to rise slightly due to increased state debt supplies, and analysts suggest cautious market sentiment, particularly in the wake of global economic factors such as high U.S. bond yields and a strong dollar.

GIFT Nifty flat, cautious opening expected.

5 Stocks Under ₹100: Can They Double Your Money?  The GIFT Nifty is showing a flat to negative start for the day, with Nifty futures trading at around 23,734.50 as of early morning. On December 31, 2024, the Indian stock market ended the year on a strong note, with the Sensex and Nifty 50 registering gains of 8.17% and 8.8%, respectively. However, there were volatile swings in the last trading session, with the Sensex closing down by 0.14% and Nifty gaining 0.06%.

Global markets saw mixed results: Wall Street had a pullback on Tuesday after a year of remarkable gains driven by AI and Federal Reserve interest rate cuts. The Dow Jones fell by 0.07%, the S&P 500 dropped by 0.43%, and the Nasdaq declined by 0.90%. Meanwhile, Asian markets were closed today, and US Treasury yields remained steady.

In commodities, oil prices rose slightly, while gold posted its biggest annual gain in 14 years, boosted by US monetary easing and geopolitical concerns. The US Dollar Index reached its highest level since November 2022, with a stronger US dollar relative to many Asian currencies.

Foreign institutional investors (FIIs) sold equities worth Rs 4,645 crore, while domestic institutional investors (DIIs) bought equities worth Rs 3,546 crore on December 31, 2024.

Markets are expected to open on a cautious note today, with investors keeping an eye on global cues and market movements.

Five intraday stocks under ₹100 picked by experts.

5 Stocks Under ₹100: Can They Double Your Money?  For today, January 1, 2025, experts have picked five intraday stocks under ₹100 to consider buying:

1. IDBI Bank: Buy at ₹76, target ₹78.70, stoploss ₹74.50.
2. Vodafone Idea: Buy at ₹7.70, target ₹9.50, stoploss ₹6.60.
3. Jay Bharat Maruti: Buy at ₹86, target ₹91, stoploss ₹83.
4. JTL Industries: Buy at ₹96, target ₹103, stoploss ₹93.
5. Niva Bupa Health Insurance: Buy at ₹83-84.25, target ₹87-91-94-100+, stoploss ₹80.

These stocks are being recommended by experts for intraday trading, but investors should consult with certified experts before making decisions, as market conditions may change rapidly. The overall market outlook for today is mixed, with Indian indices closing on a slightly negative note in the previous session.