Market for stocks today: Nifty 50 to Sensex trade setup, 7 stocks to buy or sell on Thursday, April 25

Following robust global cues, the Indian stock market continued its upward trajectory, closing higher for the fourth consecutive day on Wednesday. The Nifty 50 index surged by 34 points to reach the 22,402 mark, while the BSE Sensex witnessed a gain of 114 points, closing at 73,852. Meanwhile, the Bank Nifty index also saw an increase of 218 points, concluding at 48,189. Despite the positive momentum, cash market volumes on the NSE experienced a slight dip compared to the previous day, totaling ₹1.03 lakh crore. Notably, the broader market indices outperformed the Nifty 50 index, maintaining a firm advance-decline ratio of 1.63:1.

Looking ahead to Thursday's trade setup, analysts provided insights into the outlook for both the Nifty and Bank Nifty indices. Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas, highlighted that the Nifty 50 index opened positively and consolidated in green territory, suggesting potential for further upside. Gedia emphasized the significance of the 22,400 mark, indicating a brief consolidation phase before potential upward movement towards the 22,560 level. Similarly, Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, noted that the Bank Nifty observed sideways trading following a positive start, with immediate resistance at 48,500. Shah emphasized the bullish sentiment, suggesting that any pullbacks towards the support zone should be considered buying opportunities.

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In addition to technical analysis, market triggers and sentiments also influence investor behavior. Motilal Oswal Private Wealth highlighted India's vibrant capital markets, characterized by robust participation from domestic retail savers and substantial fundraising by India Inc. through primary markets. Expectations of political continuity and steady corporate earnings growth further bolster market sentiment, with key focus sectors including BFSI, infrastructure, and manufacturing.

Furthermore, stock market experts provided recommendations on potential buy or sell opportunities for Thursday's trading session. Sumeet Bagadia, Executive Director at Choice Broking; Shiju Koothupalakkal, Technical Research Analyst at Prabhudas Lilladher; and Mitesh Karwa, Research Analyst at Bonanza Portfolio, identified seven stocks for consideration. These included Glenmark, Godrej Consumer Products, IRCON, Alembic, Hero MotoCorp, Cosmo First, and Bectors Food, with specified buy levels, targets, and stop losses.

However, it's essential for investors to conduct thorough research and seek advice from certified experts before making any investment decisions. The views and recommendations provided by individual analysts or broking companies serve as valuable insights but should be evaluated within the context of one's investment goals and risk tolerance.

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