Stock Market Analysis: Sumeet Bagadia's Recommendations for April 27, 2026
Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 27 April 2026
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The Indian stock market continues to face bearish pressure, with the Nifty 50 index dropping significantly. Analyst Sumeet Bagadia recommends buying shares of SBI, Coal India, and Grasim Industries, highlighting their potential for recovery amid current market conditions.
- 01Nifty 50 index dropped 679 points over three sessions, indicating bearish market sentiment.
- 02Sumeet Bagadia recommends buying shares of SBI, Coal India, and Grasim Industries.
- 03Immediate support for Nifty is between 23,650 and 23,700 points.
- 04Coal India shows signs of a bullish trend with a target of ₹488.
- 05Grasim Industries is stabilizing above ₹2700, indicating potential for upward movement.
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The Indian stock market has been under pressure, with the Nifty 50 index falling 679 points in three sessions and the BSE Sensex dropping over 2,600 points. The Bank Nifty index also saw a decline, finishing at 56,089, down nearly 1,300 points. Despite this downturn, Sumeet Bagadia, Executive Director at Choice Broking, suggests a cautious outlook with the Nifty 50 potentially testing support levels between 23,650 and 23,700. He highlights that the index closed at 23,897, reflecting sustained selling pressure. Bagadia's stock picks for investors include State Bank of India (SBI), recommending a buy at ₹1101 with a target of ₹1180, and a stop loss at ₹1048. He also recommends Coal India Ltd, advising a buy at ₹456 with a target of ₹488 and a stop loss at ₹440. Lastly, he suggests buying Grasim Industries at ₹2739, targeting ₹2915 with a stop loss at ₹2626. These recommendations come amid a backdrop of increasing market volatility, as indicated by the 6.04% rise in the India VIX to 19.71.
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Investors may find opportunities in the recommended stocks as they navigate the current bearish market conditions. The suggested buy prices and targets could help investors make informed decisions.
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