Indian markets are experiencing a strong surge, with Nifty nearing April highs. Analyst Rajesh Bhosale identifies Trent and Phoenix Mills as top stock picks due to breakout patterns, advising investors to buy on dips amid positive global cues.
Indian stock markets, Nifty50 and BSE Sensex, fell over 1% due to heightened US-Iran tensions, rising crude oil prices near $97/barrel, and FII outflows. Market cap dropped by Rs 3 lakh crore.
Indian stock markets, including the Sensex and Nifty, rallied sharply on Monday due to easing geopolitical tensions in West Asia and falling crude oil prices. Optimism around a potential US-Iran deal boosted investor sentiment, leading to significant gains across various sectors, particularly banking.
Nifty is projected to reach 24,400, driven by financial and rate-sensitive sectors. Broader market indices show strong uptrends, indicating widespread buying. Analysts recommend buying on dips to 23,800, with specific stock picks Power Finance Corporation and L&T Finance.
Indian IT stocks have plummeted, losing over a fourth of their value since the year's start, hitting a near 3-year low. Analysts attribute the sharp decline to AI disruption concerns, cautious client spending, and subdued digital transformation demand, though many believe the long-term outlook remains positive.
Indian equity benchmarks Nifty50 and BSE Sensex crashed over 1% on Monday, losing nearly Rs 7 lakh crore in market cap. Factors include rising global bond yields, a record low rupee, and geopolitical tensions.
Rohit Srivastava predicts Sensex and Nifty will rise to 25,000 after crossing 23,800, potentially retesting highs near 26,000 by June, with an expected non-linear growth trajectory.
Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.
Indian equity benchmarks crashed on Thursday with Sensex falling 1,196 points (1.54%) to 76,300 and Nifty50 dropping 367 points (1.52%) to 23,810. Crude oil surging above $120/barrel, record rupee low of 95.07/USD, and hawkish Fed stance wiped nearly Rs 9 lakh crore from market cap. India VIX jumped 5% as sell-off extended to smallcap and midcap stocks.
Nuvama's Aakash K Hindocha recommends buying Lodha Developers (target Rs 1046), Premier Energies (target Rs 1160), and HDFC Asset Management Company (target Rs 3000) as top stock picks for April 30, 2026. The analyst provides specific entry prices, stop-loss levels, and technical analysis for each stock. Nifty is seen ranging between 23750-24300 while Bank Nifty shows bearish breakdown below 55700 with downside targets of 54900/54500.
AI stocks now comprise 41% of S&P 500, matching dot-com peak concentration. Public Bitcoin miners have responded by pivoting to AI/HPC infrastructure, with some projecting 71% HPC revenue by 2026. This shift has added debt cycles to Bitcoin cycles, raising questions about whether the AI infrastructure premium can be sustained or becomes a new source of stress.
HDFC Securities analyst Vinay Rajani reports that the Nifty index is showing resilience after a healthy correction. He highlights strong broader market participation and recommends Oil India and Reliance Industries for traders.
Nifty has rallied 2,400 points from lows of 22,200 before pulling back 800 points — a textbook one-third retracement that analysts call healthy. HDFC Securities' Vinay Rajani says the correction was bullish, with the index now targeting its 200-day EMA at 24,800. Support lies at 23,800. Rajani is bullish on steel and metals sectors, recommending Jindal Steel & Power (target ₹1,350, stop loss ₹1,250) and NMDC (target ₹94, stop loss ₹88.50).
Rajesh Palviya of Axis Securities says Nifty is struggling to hold above its 50-day moving average, with 24,200 being the key supply zone. IT sector has broken below 30,000 support and may slide to 27,800. He recommends avoiding IT entirely and instead focusing on power, FMCG and pharma sectors which are showing strength. His stock picks are AU Small Finance Bank (target ₹1,100, stop loss ₹1,045) and SAIL (target ₹188-192, stop loss ₹173).
JPMorgan has downgraded Indian equities to neutral from overweight, warning the Nifty 50 could fall to 20,500 in a worst-case scenario—a 15% drop from current levels. The brokerage cited high valuations and Iran conflict uncertainty as key concerns, while also flagging risks to company earnings from potential energy supply disruptions. HSBC also downgraded India to underweight, its second downgrade in two months, pointing to rising inflation risks from high oil prices and the ongoing West Asia conflict impacting India's energy-dependent economy.
The Indian stock market saw mixed movements today, with the BSE and NSE experiencing gains and losses across various sectors. Trent and SBI emerged as top gainers on both exchanges, while companies like Titan and Axis Bank faced declines. Technology and banking stocks showed a general downward trend.
Stock market today: Sensex and Nifty opened in red on Monday on weak global cues as the closure of Strait of Hormuz led to an increase in oil prices. While Nifty50 went below 24,300, BSE Sensex dropped over 200 points.
Grasim Industries, Bharti Airtel, Nestle India, Maruti Suzuki and HCL Technologies were the biggest Nifty gainers, while losers included Sun Pharma, BPCL, Reliance Industries, MM and Hindalco Industries
Analysts expect the market to maintain the bullish undertone as elections and corporate earnings season continue
India VIX, which measures near-term volatility saw a sharp fall of 18 percent to trade around 10.42
