Top Stock Picks Under ₹100 for Investors This Week
Stocks to buy under ₹100: Sumeet Bagadia recommends three stocks to buy on Monday - 4 May 2026
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The Indian stock market closed April on a weak note, with the Nifty 50 dropping 0.73% to 24,000 amid rising crude oil prices and a falling rupee. Sumeet Bagadia from Choice Broking recommends three stocks under ₹100: Central Bank of India, NMDC Steel, and Sagility, each with specific buy targets and stop-loss levels.
- 01Nifty 50 fell 0.73% to close at 24,000 due to rising crude oil prices.
- 02Sumeet Bagadia recommends three stocks under ₹100 for potential gains.
- 03Immediate support for Nifty is between 23,750 and 23,800.
- 04Bank Nifty declined by 0.98%, indicating market indecision.
- 05Investors are advised to wait for clear breakout signals before trading.
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The Indian stock market ended April on a negative note, with the Nifty 50 index declining 0.73% to close at 24,000. This decline was influenced by a surge in crude oil prices and a weakening Indian rupee, contributing to a risk-off sentiment among investors. The Nifty 50 opened at 23,996.95 and experienced significant selling pressure, reaching an intraday low of 23,796.85 before recovering slightly. Sumeet Bagadia, Executive Director at Choice Broking, highlighted immediate support levels at 23,750–23,800 and resistance at 24,200–24,250. The Bank Nifty also faced challenges, closing down 0.98% at 54,863.35. Bagadia recommends three stocks under ₹100: Central Bank of India (buy at ₹36.42, target ₹39), NMDC Steel (buy at ₹42.72, target ₹46.50), and Sagility (buy at ₹41.74, target ₹45). Investors are advised to consult certified experts before making investment decisions.
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The decline in the stock market may affect investor confidence and trading activity, potentially impacting retail investors looking to enter the market.
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