On May 15, 2026, the Indian stock market faced a downturn, with the BSE Sensex declining by 161 points (0.21%) to close at 75,237.99, while the NSE Nifty 50 fell by 46 points (0.19%) to settle at 23,643.50. This drop was attributed to profit booking by investors amid rising crude oil prices, which climbed over 3% to trade above $108 per barrel, and the Indian rupee hitting a record low against the US dollar at 95.94. Analyst Sumeet Bagadia from Choice Broking noted bearish patterns in the market, indicating cautious sentiment among investors. He identified immediate support levels for the Nifty at 23,450–23,500 and resistance at 23,850–23,900. Bagadia recommended three stocks for potential buying: Dabur, Pidilite Industries, and Sun Pharma. Dabur is showing signs of a trend reversal with a target price of 505 and a stop-loss at 444. Pidilite Industries is recommended at 1467, targeting 1595 with a stop-loss at 1405. Sun Pharma is suggested at 1878, with a target of 2000 and a stop-loss at 1801. These recommendations come as the market navigates through volatility and uncertainty.