Wed Jan 08 07:33:00 UTC 2025: ## Indian Stock Markets Rebound on Global Cues, Dimming Virus Concerns

**Mumbai, India** – Indian stock markets rallied on Wednesday, recovering from two days of losses fueled by positive global indicators and easing anxieties surrounding the new HMPV virus. The Nifty 50 index closed 0.39% higher at 23,707.90, while the BSE Sensex gained 0.30%, finishing at 78,199.11.

Market expert, Parekh, noted the Nifty 50’s pullback from recent declines, highlighting the 23,500 level as a crucial support. He predicted a potential breakout above 23,900 and further gains if the 24,180 resistance is overcome. Similarly, Parekh identified 49,700 as a key support for the Bank Nifty, suggesting a decisive close above 50,700 is needed for sustained growth.

Meanwhile, the US Dollar Index rose 0.17% to 108.438, following data indicating continued strength in the US economy, potentially reducing the likelihood of a Federal Reserve rate cut.

Several analysts offered stock recommendations for Wednesday. Choice Broking’s Sumeet Bagadia and Anand Rathi’s Ganesh Dongre suggested a combined five stocks for investors to consider:

* **Max Healthcare Institute Ltd. (MAXHEALTH):** Buy at ₹1,204.95, target ₹1,289, stop loss ₹1,162.
* **Bharat Dynamics Ltd. (BDL):** Buy at ₹1,184.75, target ₹1,268, stop loss ₹1,143.
* **IndusInd Bank Ltd. (INDUSINDBK):** Buy at ₹985, target ₹1,010, stop loss ₹970.
* **Garden Reach Shipbuilders & Engineers Ltd. (GRSE):** Buy at ₹1,575, target ₹1,620, stop loss ₹1,540.
* **SBI Cards and Payment Services Ltd. (SBICARD):** Buy at ₹732, target ₹750, stop loss ₹720.

**Disclaimer:** These recommendations are from individual analysts and not from this publication. Investors are advised to consult with financial professionals before making any investment decisions.

Read More