As market fluctuations continue to stir unease among investors, particularly due to escalating trade tensions emanating from aggressive tariff policies by U.S. President Donald Trump, the Indian stock market is feeling the heat. The Nifty 50, a key benchmark, has faced downturns for two consecutive weeks, yet it remains resilient compared to various global indices. This resilience is attributed to optimism regarding India’s economic stability amid rising trade conflicts.
Recent Market Trends
The Nifty 50 index experienced a decline of 0.33% for the week ending April 11. This follows a more significant drop of 2.6% the previous week. Overall, April has not been kind to the index, which has seen a 3% decrease after enjoying a 6% gain in March. It’s noteworthy that the trading week was shortened due to market holidays, with closures on both Monday for Dr. Baba Saheb Ambedkar Jayanti and Friday in observance of Good Friday.
Expert Insights on Market Movements
Sumeet Bagadia, the Executive Director at Choice Broking, has expressed a cautious optimism regarding the Indian market. He notes that the Nifty 50 has shown a positive bias by closing above 22,800. However, he emphasizes that a true bullish trend will only be confirmed if the index breaks above the 23,000 mark.
- Immediate Support: 22,550
- Crucial Support: 22,300
- Target for Uptrend: 23,400 upon breaking 23,000
Bagadia warns that falling below the crucial support level could trigger increased selling pressure.
Top Stocks Under ₹100 to Consider
Investors looking for opportunities in the current market may want to consider these stocks priced under ₹100:
-
Motherson Sumi Wiring India
- Buy Price: ₹52.92
- Target Price: ₹58.5
- Stop Loss: ₹50
-
NBCC
- Buy Price: ₹89.10
- Target Price: ₹102
- Stop Loss: ₹83
- Suzlon Energy
- Buy Price: ₹53
- Target Price: ₹58
- Stop Loss: ₹50.5
Conclusion
As the Indian stock market navigates these turbulent waters, investors must stay informed and consider expert recommendations. Always perform due diligence before making any investment decisions, especially in the face of market volatility. For more insights and updates on market trends, explore our extensive range of articles and analyses.
