The Indian stock market closed lower for the third straight session on Friday as worries about higher US tariffs and heavy foreign fund outflows dragged investor sentiment.
- Sensex and Nifty both fell 0.3% on Friday.
- For the entire month of August, Sensex lost 1.7% while Nifty dropped 1.4%, following a 3% decline in July.
- The US recently imposed an additional 25% tariff on Indian goods due to India’s purchase of Russian oil, doubling the earlier duty.
- Foreign investors pulled out $3.3 billion from Indian stocks in August — the highest outflow since February.
Market Outlook
Sumeet Bagadia, Executive Director at Choice Broking, believes the market will likely remain weak in the near term. He said the Nifty 50 index closing below 24,500 is a sign of weak sentiment. The index now has support around 24,000.
He advises investors to avoid focusing only on the overall market and instead choose stocks with strong technical setups.
Stock Picks for Monday (1 September 2025)
Bagadia has recommended three stocks that look strong on the charts: Colgate-Palmolive, Dalmia Bharat, and Asian Paints.
1. Colgate-Palmolive (COLPAL)
- Buy at: ₹2,331.80
- Target Price: ₹2,600
- Stop Loss: ₹2,200
Colgate has broken out of a falling trend and is showing renewed strength. If it moves above ₹2,400, the stock could gain further. RSI at 56.32 shows momentum is improving.
2. Dalmia Bharat
- Buy at: ₹2,401.50
- Target Price: ₹2,660
- Stop Loss: ₹2,270
The stock has been in a strong uptrend and is forming a Rounding Bottom pattern, indicating steady buying interest. A move above ₹2,430 could lead to more gains. RSI is at 70.99, showing strong momentum.
3. Asian Paints
- Buy at: ₹2,518.60
- Target Price: ₹2,770
- Stop Loss: ₹2,390
Asian Paints has been moving in a range but continues to form higher highs and higher lows. A move above ₹2,600 could give it a fresh push upwards. RSI at 57.17 suggests momentum is picking up.
Despite weakness in the overall market, Colgate, Dalmia Bharat, and Asian Paints are showing strength and could deliver good returns in the near term.
Note: These are the expert opinions. Always talk to a professional financial advisor before investing.
