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The Indian market is expected to trade higher on Thursday, supported by positive global cues. Nifty futures gained 0.32%, closing at 22,969. Options data suggests a broader range between 22,500 and 23,500, with an immediate range between 22,700 and 23,100. Experts recommend various stocks for short-term trading, including Doms Industries, SBI, and NMDC.

Indian benchmark indices, Nifty50 and Sensex, continued their upward trend for the fourth consecutive session due to gains in banking, auto, and IT stocks. This rally was supported by the US Federal Reserve s decision to maintain its rate-cut projections for the year, despite inflation concerns amid ongoing tariffs.

As recession fears grow in the US, experts suggest its impact on India may not be as dire due to strengthened domestic market participation. Investors are advised to maintain a balanced asset mix and watch global monetary signals closely for recovery indications.

Axis Securities recommends buying Aavas Financiers stock with a target of Rs 2055. Currently priced at Rs 1864.6, Aavas Financiers operates in the NBFC sector with promising financial growth. Recent trends and technical analysis suggest a positive trajectory, indicating a potential upside in the near term. Promoters hold 26.47% stake, while FIIs own 33.97%.

JM Financial recommends buying Bharat Heavy Electricals (BHEL) with a target price of Rs 358, highlighting the company s positive financial performance and the Indian government s focus on achieving 500GW capacity by 2030. BHEL, operating in the Engineering sector, reported a consolidated total income increase and a net profit after tax of Rs 116.44 crore for Q4 2024.

Nifty 50 shows signs of a robust recovery post a 10% drawdown, supported by historical data that indicate positive returns after major market crashes. Experts advise investors to remain cautiously optimistic, as current market conditions may lead to another historic rebound.

The Nifty Auto index was trading 1.03 per cent up at 21539.8.

IndusInd Bank will be closely monitored after Crisil refrained from placing it on ratings watch due to derivative discrepancies under review. Moody s has noted potential short-term profit impacts and raised concerns on internal controls related to the Bank s current financial issues and leadership uncertainties.