Indian Stock Market Outlook: Nifty Signals Flat Opening, Three Stocks Recommended for Purchase
Buy or sell: Gift Nifty signals flat opening, Vaishali Parekh recommends three stocks to buy today — 29 April 2026
Mint
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On April 29, 2026, the Indian stock market experienced volatility with the Nifty 50 index closing down by 97 points at 23,995. Analyst Vaishali Parekh anticipates a flat opening today and recommends buying shares of Bharti Airtel, Vascon Engineers, and Olectra Greentech.
- 01Nifty 50 index closed at 23,995 after losing 97 points.
- 02Vaishali Parekh expects a flat opening for the market today.
- 03Key resistance for Nifty is at 24,200 and support at 23,500.
- 04Bank Nifty closed at 55,400, breaching important support levels.
- 05Recommended stocks include Bharti Airtel, Vascon Engineers, and Olectra Greentech.
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On April 29, 2026, the Indian stock market faced a volatile session, with the Nifty 50 index dropping 97 points to close at 23,995. The BSE Sensex fell 416 points to 76,886, while the Bank Nifty index plummeted 863 points, finishing at 55,400. Sector performance was mixed, with energy and metals performing well, while banking and auto sectors faced pressure. Analyst Vaishali Parekh from Prabhudas Lilladher predicts a flat opening for the market today, as the Gift Nifty index signals a stable start. She notes that the Nifty 50 index is struggling to maintain momentum below the 50-EMA at 24,200, indicating that it needs to breach the 24,300 level to gain confidence. Key support levels are identified at 23,500 and 23,200. Parekh also highlights a weak trend for the Bank Nifty, which has breached the 55,800 support level. For today, she recommends buying shares of Bharti Airtel at ₹1835 with a target of ₹1860, Vascon Engineers at ₹39.50 with a target of ₹42, and Olectra Greentech at ₹1275 with a target of ₹1320.
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Today's market opening and stock recommendations could influence investor decisions, particularly for those holding or considering investments in the recommended stocks.
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