Stock Market Recommendations

According to Bajaj Broking Research, JSW Energy, and Hindustan Aeronautics (HAL) are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 8, 2025.

Index View: NIFTY

Benchmark indices experienced high volatility with a corrective bias, as investor sentiment turned cautious following US President Donald Trump’s executive order imposing an additional 25% import tariff on Indian goods. The action, prompted by India’s continued purchase of Russian oil, raises total US duties on certain Indian exports to 50%—among the steepest tariffs ever imposed on a trade partner by the US.

Technical Analysis

Technically, the index has strong support in the 24,400–24,500 range. This zone aligns with multiple key indicators, including the previous swing low, the 100-day exponential moving average (EMA), and a key Fibonacci retracement level of the recent uptrend.

Stock Recommendations

JSW Energy: Buy in the range of Rs 515-536 with a target of Rs 598, offering a 15% return over 12 months.

Hindustan Aeronautics (HAL): Buy in the range of Rs 4500-4580 with a target of Rs 4870, offering a 7% return over 3 months.

Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.