Mumbai, 8 June 2025 – Ganesh Dongre, Equity Strategist at Anand Rathi, has recommended three key picks for investors to consider in the upcoming trading session on Monday, 9 June 2025. The selections follow a robust rebound in Indian equities, buoyed by a surprise rate cut from the Reserve Bank of India (RBI) and strong GDP growth data.
📈 Market Outlook
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Sensex & Nifty Rally: Domestic benchmark indices snapped a two-week losing streak, with the BSE Sensex gaining 737.98 points (0.9%) to close at 82,188.99, and the Nifty 50 jumping 252.35 points to 25,003.05—driven largely by RBI actions and a better-than-expected Q4 GDP print of 7.4% annual growth (livemint.com).
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RBI’s Surprise Move: The central bank slashed the repo rate by 50 bps and reduced the cash reserve ratio by 100 bps, significantly easing liquidity and interest burden for banks—boosting sentiment across sectors (livemint.com).
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Technical Momentum: The Nifty remains range-bound between 24,500–25,200, with key resistance at 25,200–25,300 and support near 24,500 (livemint.com).
🧭 Top Stock Picks
Dongre’s top picks for Monday are:
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**Bharat Forge Ltd (BHARATFORG)**
➤ Entry zone: ₹1,280–1,300
➤ Target: ₹1,360
➤ Stop-loss: ₹1,230 (livemint.com) -
**Mazagon Dock Shipbuilders Ltd (MAZDOCK)**
➤ Entry zone: ₹3,390–3,410
➤ Target: ₹3,600
➤ Stop-loss: ₹3,325 (livemint.com) -
**National Aluminium Company Ltd (NATIONALUM)**
➤ Entry zone: ₹188–191
➤ Target: ₹205
➤ Stop-loss: ₹174 (livemint.com, facebook.com)
⚠️ Cautionary Notes
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A decisive Nifty close above 25,300 could trigger upside momentum toward 25,600–26,000. However, a drop below 24,500 might lead to a mild correction (livemint.com).
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Bank Nifty surged nearly 800 points intraday on the CRR cut, with critical resistance now at 57,000 and support around 55,000–55,500 (livemint.com).
🔍 Analyst's Take
Anand Rathi’s views reflect a broader market optimism, bolstered by central bank easing and strong macroeconomic data. While the macro environment remains supportive, the suggested stop-loss levels provide essential risk management—especially since global uncertainties persist.
✒️ Disclaimer
The recommendations presented are from Ganesh Dongre of Anand Rathi and do not reflect the views of LiveMint. This information is solely for educational purposes. Investors are advised to conduct independent research or consult with certified financial advisors before making any investment decisions.
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