Shares to buy or sell: Dharmesh Shah of ICICI SEC suggests you buy SBI, HPCL shares tomorrow - 06 October 2025

Share Market Today: The domestic benchmark indices, Sensex and Nifty 50, continued their upward trend on Friday, with profits for the second consecutive session. This increase was powered by buying activities in the metal and telecommunications sectors, which were worked by a positive momentum in global markets. The 30-share BSE Sensex rose by 223.86 points, or 0.28%, at 81,207,17. During the day it ranged between a high of 81.251.99 and a low of 80,649.57, showing a series of 602.42 points. Similarly, the Nifty 50 increased by 57.95 points, or 0.23%, by 24,894,25. Looking at the weekly performance, the BSE measure scored 780.71 points, or 0.97%, while the Nifty 50 also rose by 239.55 points, reflecting an increase of 0.97%. Dharmesh Shah of Icici Securities notes that if the Nifty 50 can maintain the levels above 24,800 in the upcoming sessions, revive it upward momentum and indicate a resumption of the upward trend. It may be driving the index to the 25,300 to 25,500 series in the coming weeks. Shah recommends two shares to buy this week. Investors should consult experts before making decisions. Here’s what he says about the overall market. The market prospects by Dharmesh Shah, Vice President, ICICI Securities Equity criterion ended the volatile truncated week on a positive note, as the bank reforms of RBI increased the market terms. Nifty 50 scored ~ 240 points to settle on 24,894. The broader market fared better than by achieving ~ 2%. Sector is all indexes in green closed by finance, metal and defense. The weekly price action forms a small bulls that indicate awaits in downward momentum. The most important point to highlight is that the last ten sessions index has undergone the prevailing stir, in which the strong power is lacking. Consequently, sustainability of more than 24,800 levels during the next few sessions would revive the upward momentum and confirm the resumption of the increase in Nifty 50 to 25,300-25.500 zone in the coming weeks. Meanwhile, strong support is placed in the region of 24,400-24.200 zone. Structurally, Nifty increased 50 18% from April, within which inter-corrections were arrested within 3-5%. Meanwhile, there have been Timewise, the past three decades, 12 cases in which the index performed a strong setback following successive 8 sessions negatively nearby, which achieved a 7% return in a month. In the current scenario, with 3.5% correction already in place, together with 8 consecutive negative nearby, we expect the index to maintain the same rhythm and a strong setback. As a result, focus should be on the accumulation of quality stocks with strong earnings. Furthermore, according to seasonality, October, despite the fact that it was a volatile month, was one of the best month for markets in the last 12 years. Nifty 50 delivered positive returns on 9 out of 12 occasions. The average return for Nifty 50 for October in the last 12 years was> 3%. On the sector front, BFSI, Metal & Oil & Gas, which carries cumulatively 50% weight in Nifty 50, will stimulate the coming weeks to 25,500. a. Bank Nifty witnessed the 100 -day EMA demand demand held since April, which helped the index recover last week’s lost ground and closed more than 55,500 points. b. Nifty Metal Index: The formation of higher peak and trough helped the index to act high after 15 months in the vicinity of all time. c. Oil and Gas: After 3 months Breather Oil & Gas sector resumes the upward after -strong base formation on 200 days EMA. Key monitorable for next week: a. Development on tariff negotiations b. Beginning of Q2FY26 Earn Season c. Quarterly business updates d. Brent rough drop below 4 months low of 65 led to the reversal of the flag breakdown, which is an indication of the continuation of corrective bias against 60. Falling crude oil prices are good for the domestic market. Shares to buy this week – Dharmesh Shah Dharmesh Shah of Icici Securities recommends that the purchase of State Bank of India (SBI) and Hindustan Petroleum Corporation Ltd (HPCL). Buy SBI shares in the vicinity of £ 845-868. He has the SBI share price goal of £ 950 with a stop loss of £ 814. Buy HPCL shares in the £ 432-445 area. He has the SBI share price goal of £ 478 with a stop loss of £ 419. Disclaimer: The research analyst or his family or I -SEC does not have a real/beneficial ownership of 1% or more securities at the end of 02/10/2025, or has no other financial interest. The views and recommendations offered in this analysis are those of individual analysts or brokerage companies, not coin. We strongly advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and individual circumstances can differ.