The Indian stock market experienced a notable rebound on April 28, shaking off previous losses and surging with robust gains. Both major indices, the Sensex and Nifty 50, climbed over 1%, marking a strong recovery after a two-day losing streak. The Sensex jumped by 1,006 points, or 1.27%, reaching 80,218.37, while the Nifty 50 rose by 289 points, or 1.20%, closing at 24,328.50. Additionally, the BSE Midcap index rose by 1.34%, and the Smallcap index increased by 0.39%.
Market Sentiment Shift
Market analyst Sumeet Bagadia, the Executive Director at Choice Broking, noted a significant shift in sentiment following a week of intense selling. He expressed optimism regarding the Nifty 50, which is approaching a critical resistance level at 24,350. Bagadia highlighted that the ongoing Q4 2025 earnings results will heavily influence market sentiment. He emphasized the importance of a stock-specific strategy, advising traders to focus on stocks showing strong technical indicators for intraday trading.
Recommended Breakout Stocks
Sumeet Bagadia has identified five breakout stocks that investors should consider for today’s trading session:
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DCB Bank
- Entry Price: ₹139.45
- Target Price: ₹149
- Stop Loss: ₹135
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Paras Defence and Space Technologies
- Entry Price: ₹1,143.75
- Target Price: ₹1,234
- Stop Loss: ₹1,100
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Garden Reach Shipbuilders & Engineers
- Entry Price: ₹1,749.60
- Target Price: ₹1,900
- Stop Loss: ₹1,690
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Manorama Industries
- Entry Price: ₹1,294
- Target Price: ₹1,400
- Stop Loss: ₹1,250
- Kaynes Technology India
- Entry Price: ₹5,884.60
- Target Price: ₹6,300
- Stop Loss: ₹5,660
Conclusion
As the Indian stock market regains momentum, investors are encouraged to monitor key earnings reports closely and adopt a focused approach toward stock selection. The recommendations provided by Bagadia present a range of opportunities for both seasoned traders and newcomers to capitalize on this market rebound. For more insights on stock trends and market updates, stay connected with financial news platforms.
