Nifty 50, Gold, Silver Rates, and 8 Stocks to Buy After US Fed Meet
The Indian stock market is anticipated to open either flat or with a mild positive outlook today. This follows recent optimism surrounding the India–EU Free Trade Agreement (FTA), which is expected to positively impact numerous export-led sectors. Key sectors include textiles, apparel, and chemicals, benefiting from tariff eliminations on 90-96% of traded goods.
Despite the positive momentum, market gains may be limited due to persistent Foreign Institutional Investor (FII) outflows and mixed global signals. Ongoing geopolitical tensions in the Middle East further contribute to the cautious sentiment.
Focus on Economic Survey and Union Budget
Today at 11:00 AM, the Economic Survey for 2025-26 will be unveiled, setting the stage for the Union Budget scheduled for February 1. Key discussions are expected to revolve around capital expenditure estimated at approximately ₹12 lakh crore for FY27, fiscal discipline, and support for infrastructure and manufacturing sectors.
US Fed Meeting Outcomes
The US Federal Reserve, led by Jerome Powell, recently concluded its two-day meeting on January 28, 2026. The central bank decided to maintain the interest rate within the range of 3.5% to 3.75%, reflecting a cautious approach amid economic uncertainties.
Gold and Silver Rates Today
Following the weakness in the US Dollar and stable interest rates, both gold and silver have seen significant buying interest this morning. The COMEX silver rate reached an intraday high of $119.450 per ounce, while gold futures for April 2026 increased over 3.50% to $5,530 per ounce.
Outlook for Nifty 50 and Market Trends
Market analysts have indicated that the Nifty 50 index may experience support at 25,200 and upside potential up to 25,575. Conversely, a fall below 25,200 could prompt traders to reconsider their long positions.
The Bank Nifty has shown a positive chart pattern, with immediate resistance at 59,700. A decisive break above this level might enhance sentiment further.
8 Stocks to Buy After the US Fed Meeting
Experts are recommending eight stocks for today based on prevailing market conditions:
- Canara Bank: Buy at ₹157.70, Target ₹168.40, Stop Loss ₹152.
- Jindal Steel: Buy at ₹1120, Target ₹1200, Stop Loss ₹1080.
- Paytm: Buy at ₹1177, Target ₹1220, Stop Loss ₹1145.
- Hindustan Petroleum: Buy at ₹433, Target ₹450, Stop Loss ₹420.
- UPL: Buy at ₹712, Target ₹740, Stop Loss ₹680.
- HBL Engineering: Buy at ₹734, Target ₹785, Stop Loss ₹714.
- Rashtriya Chemicals and Fertilizers: Buy at ₹135, Target ₹145, Stop Loss ₹132.
- BHEL: Buy at ₹259.65, Target ₹280, Stop Loss ₹252.
These recommendations aim to capitalize on current market dynamics and investor sentiment. However, it’s advised to consult financial experts before making investment decisions.
