Indian Stock Market Eyes โขGains Ahead of Potential Trump Visit,20 Stocks Poised to Benefit
Mumbai: โ Indian stock markets are anticipating a positive trajectory as a potential visit fromโ former U.S. President โฃDonald Trump in November looms, โฃalongside ongoing foreign institutional investor (FII) buying. Experts predict sectors including IT,โ auto, pharma, textile, and defense will attract meaningful investor attention. The Nifty 50 index is currently facing resistance between 25,250โ and 25,300,โ but a sustained influx of FII investment could propel it towards 25,800, and potentially even 26,000 โif the U.S.โค Federal Reserve enacts a larger-than-expectedโ 50โ basis pointโข rate cut.
Anshul jain of Lakshmishree Investment noted the โ”broader โtrend remains constructive,” citingโ bullish weekly and daily moving averages and the index reclaiming its โฃquarterly Volumeโ Weighted Average Price (VWAP). He added that the alignment โof the monthly VWAP wiht daily and weeklyโ averages “strengthening the bullishโค structure.”
According to Anuj Gupta of Ya Wealth, the Nifty 50’s potential toโข reach a โฃnew peak โฃwill depend on progress in an India-US trade deal, US Fed rate cuts, andโ the implementation of GSTโ 2.0 from Septemberโฃ 22,2025. A potential visitโค from Russian President Vladimir Putin by year-end โis also being โขfactored into market โคexpectations.
Ya wealth has identified approximately 20 stocks expected to benefit from these developments, distributed across key sectors:
Pharma: Aurobindo Pharma, Cipla,โฃ andโค Glenmark Pharmaceuticals.
Defence: โ Bharat Electronics Limited (BEL),โ Hindustan โAeronautics Limitedโ (HAL), and Cochin โคShipyard.
IT: Tech Mahindra (TechM), HCL Technologies (HCL Tech),โค Wipro, and โInfosys.
Textile: Trident and Welspun Living.
Auto and Autoโ Ancillary: Eicher Motors, Tata Motors, TVS Motor, Bajaj Auto, JBM Auto, Bosch, Amara Raja, Exide Industries, and UNO Minda.
Disclaimer: The views and recommendationsโข made above are those of individual analysts or broking companies, and โnot of Mint. We advise investors to check โwith certified experts before making any investment decisions.