As trading unfolded on April 30, the Indian stock market experienced notable fluctuations, leading to a slight dip in the major indices. The BSE Sensex and NSE Nifty 50 faced pressure primarily due to declining stocks from the Bajaj group and simmering geopolitical tensions with Pakistan that affected investor confidence. The BSE benchmark Sensex concluded the day down by 0.06%, settling at 80,242.24, while the Nifty 50 slipped by 0.01% to finish at 24,334.20. Broader market segments also recorded losses, with the BSE Midcap index dropping 0.72% to 42,883.72 and the BSE Smallcap index declining by 1.74% to close at 47,400.31.
Market Overview and Trends
Sumeet Bagadia, Executive Director at Choice Broking, suggested that the current sentiment in the Indian stock market remains range-bound. According to Bagadia, the Nifty 50 is fluctuating within the 24,050 to 24,350 bracket. He stated, “A decisive move above or below this range could indicate a bullish or bearish trend. With the Q4 results season for 2025 underway, a stock-specific strategy is vital, focusing on shares that appear strong based on technical analysis.”
Recommendations for Stocks Under ₹100
In light of the current market conditions, Bagadia has identified three promising stocks priced under ₹100 that investors may consider for their portfolios. Here are his recommendations:
-
Pil Italica Lifestyle
- Entry Price: ₹16
- Stop Loss: ₹15.5
- Target Price: ₹17
-
Delta Corp
- Entry Price: ₹92.58
- Stop Loss: ₹89.7
- Target Price: ₹99
- Motherson Sumi Wiring India
- Entry Price: ₹55.76
- Stop Loss: ₹60
- Target Price: ₹53.6
Conclusion
Investors are encouraged to keep a close watch on these stocks under ₹100, especially in this volatile market climate. It’s essential to maintain a strategic approach when selecting stocks, focusing on those with robust technical indicators. As always, consider conducting thorough research or consulting with a financial advisor before making investment decisions.
For more insights on market trends and investment strategies, check out our detailed guides and expert analyses available on our website.
