Stocks to buy or sell: Osho Krishan of Angel One suggests buying ACC, Sumitomo Chemical India today - 27 March 2025

Stock Market today: The primary domestic indices, Nifty 50 and Sensex, began the day with downward pressure on Thursday following Donald Trump's announcement of a 25 percent flat tariff on US auto imports set to take effect on April 2nd, 2025.

The Nifty 50 index started at 23,422.45, decreasing by 64.40 points or -0.27 percent, while the Sensex commenced at 77,089.12, dropping by 199.38 points or -0.26 percent.

Donald Trump declared the implementation of a 25 percent tariff on US auto imports. This new tax signifies a considerable intensification in the president's ongoing trade conflict. The countries most affected include Canada, Mexico, Germany, South Korea, and Japan.

Analysts indicated that Indian markets would experience volatility today due to the trade disruptions resulting from these tariffs, along with fluctuations in other major markets.

According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, the market has become wary with the impending reciprocal tariff day. Analysis of institutional actions shows that while foreign institutional investors (FIIs) are not particularly worried about tariffs, domestic institutional investors (DIIs) are adopting a more cautious approach.

Over the past five trading days, FIIs have purchased equities worth ₹21376 crores, whereas DIIs have sold equities totaling ₹9,704 crores. Even with net institutional acquisitions yesterday, the market still declined, reflecting underlying concern and anxiety among investors.

Nifty 50 Outlook by Osho Krishan, Sr. Analyst, Technical & Derivatives, Angel One

The Indian equity market faced rejections at higher levels and experienced some profit booking. The benchmark index fell by nearly 200 points yesterday, driven by a broad sell-off, finishing the session slightly below 23,500, down by 0.77 percent ahead of the of the monthly expiry.

The zone of 23,700-23,800 once again acted as a crucial hurdle for the benchmark index, as Nifty 50 slipped from the same zone after a spectacular rally in the past week. The index is currently hovering above the 89-DEMA, and just above the first bullish gap of 23,430-23,400 zone, while a further decline is likely to trigger some additional correction in the near period.

The next potent support is placed near the 23,300-23,200 zone, which is likely to cushion any shortcomings on the expiry day. On the higher end, 23,650-23,700 appears to be the immediate resistance for the expiry day, followed by the formidable hurdle of 23,800 in the comparable period.

Considering the monthly expiry and the decent rally in the recent period, some volatility can be expected in Indian equities. Although the undertone remains buoyant, with a view to utilizing dips to accumulate relatively strong pockets. However, it is essential to avoid making aggressive bets and to align strategies with the developments surrounding the monthly expiry.

Stocks To Buy on Thursday - Osho Krishan

On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - ACC Ltd, and Sumitomo Chemical India Ltd.

ACC

ACC share price has been in a consolidation phase for the past couple of weeks, indicating the formation of a support base that aligns with historical support levels observed in November 2023. Recently, the stock has gained traction and has surged to its 50-day exponential moving average (DEMA) after a prolonged period. Given the current positioning of the stock, the downside appears limited, presenting an opportunity to accumulate shares with a favorable risk-reward ratio for the short to medium term.

Hence, we recommend to BUY ACC around ₹1,920-1,900 keeping a stop loss of ₹1,820 for a potential Target of ₹2,100-2,120.

Sumitomo Chemical India

Sumitomo Chemical share price has experienced a significant increase in both price and volume over the past week, surpassing the 200-day simple moving average (DSMA) and maintaining that level for the last couple of sessions. This trend indicates a bullish outlook. Additionally, the positive crossover of the 21-DEMA over 50-day and 100-day exponential moving averages (DEMA) contributes to a favorable setup, reinforcing the overall bullish sentiment.

Hence, we recommend to BUY Sumitomo Chemical around ₹525-520 keeping a stop loss of ₹495 for a potential Target of ₹560-570.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.