Indian market likely to experience heavy losses on Monday due to weak global cues triggered by Trump s aggressive tariff move. Key stocks to buy include Asian Paints and Balrampur Chini Mills, while Infosys and MCX are recommended for selling by market experts.

OMCs:Crude oil prices have dropped sharply—plunging nearly $10 per barrel in a week—after the Trump administration announced new tariffs on select countries, sparking demand concerns, even though oil was not directly included in the tariff list.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Emkay Global Financial Services recommends buying Reliance Industries with a target price of Rs 1,570. Reliance Industries, a large-cap diversified sector company, has reported positive financial results for the quarter ending 31-12-2024, with a total income of Rs 244,200 crore and a net profit of Rs 21,804 crore. Promoters held 50.13% stake.

The Indian market witnessed a knee-jerk reaction, mirroring the sharp sell-off in global markets amid escalating trade tensions and growing fears of a deepening global recession.

The Sensex and Nifty plummeted due to fears of a U.S. recession and heightened by Trump s tariff announcements. Market strategists are suggesting a defensive approach focusing on domestic sectors. Despite stable fundamentals, India s markets remain vulnerable to global investor sentiment and risk-off trades.

Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals tumbled as an intensifying trade war between the United States and China triggered worries over demand for raw materials.

When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume