Stocks to buy today: List of 20 stocks for profitable trade on January 25

Indian market on Monday witnessed the biggest correction since April 2021 ahead of the FOMC meeting and other global and domestic factors.

In the closing, the broader Nifty settled with loss of 468.05 or 2.66% lower to 17,149.10 after briefly slipping below 17,000 to 16,997.85 on Monday. Source: Pixabay

Indian market on Monday witnessed the biggest correction since April 2021 ahead of the FOMC meeting and other global and domestic factors. In the closing, the broader Nifty settled with loss of 468.05 or 2.66% lower to 17,149.10 after briefly slipping below 17,000 to 16,997.85. Similarly, the Sensex too slid below crucial 57,000 to 56,984.01, however, the 30-share index recovered in the last minutes and ended at 57,491.51, down 1545.67 or 2.62%.

''Sell off in global markets, weak Q3 results and pre-budget nervousness triggered heavy sell-off in the domestic bourses as risk sentiment took a blow ahead of the FOMC meeting," said Vinod Nair, Head of Research at Geojit Financial Services.

See Zee Business Live TV Streaming Below:

Investors are keenly awaiting the result of the two-day Fed meeting where the US Central Bank is expected to provide more guidance on its rate hike plans, he said. "While all sectors hit rough weather, stocks of the new age tech companies were the most affected due to drop in growth of profitability amid expensive valuations," he added.

All major Asian indices continued to trade lower on Tuesday morning as well. Japanese Nikkei 225 declined by 1.77%, Hang Seng Index slipped by 1.41%, Shanghai Composite was trading 0.54% lower and the SGX Nifty Futures were too trading in the red as the index was down 58 points or by 0.34% to 16,999 on Monday.

Meanwhile in view of the FOMC meeting and the prospect of Russian attack on Ukraine, the US markets ended lower for yet another session on Monday. Dow Jones slid 1.3%, Nasdaq Composite declined 2.72%, S&P500 ended lower by 1.89% and Russell 200 dropped 1.78% end in the red.

Ahead of the market open Zee Business research team brings you a list of 20 stocks to buy for intraday trade, positional and long-term investments. These stocks have been selected from cash, F&O and Techno segments to help investors maximize their return from the equity market. Below is the list of stocks to buy today.

Ashish Chaturvedi Stock Picks

CASH STOCK

BUY SOLAR IND TARGET 2400 SL 2287

FUTURES

SELL IDFC BANK TARGET 43.50 SL 45.10

OPTIONS

BUY BANK BARODA 92 CE TARGET 2 SL 0.85

TECHNO

BUY GALAXI SURF TARGET 3300 SL 3145

FUNDA

BUY NALCO TARGET 130 SL 86

INVESTMENT PICK