Indian Stock Market Outlook: Nifty Set for Weak Start Amid Global Tensions
Stock market today: Gift Nifty hints weak start; US-Iran war, US Fed rate to oil, gold rates β 8 stocks to buy or sell
Mint
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On April 30, 2026, Indian stock markets closed higher, with the Nifty 50 up by 182 points and the Sensex rising by 609 points. However, the Gift Nifty indicates a potential gap-down opening due to escalating tensions in the US-Iran conflict and the US Federal Reserve's decision to maintain interest rates at 3.50%-3.75%.
- 01Nifty 50 index closed up 182 points, while Sensex gained 609 points.
- 02Gift Nifty signals a potential gap-down opening around 24,150.
- 03US Federal Reserve held interest rates steady amid global uncertainties.
- 04Oil prices are rising due to fears of prolonged supply disruptions.
- 05Eight stocks recommended for intraday trading include Cochin Shipyard and ICICI Bank.
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On April 30, 2026, the Indian stock market saw a positive close, with the Nifty 50 index gaining 182 points to finish at 24,256 and the Sensex rising 609 points. The Realty and FMCG sectors led the rally, each increasing over 1.75%. However, the Gift Nifty indicates a weak start today, trading down over 65 points, suggesting a gap-down opening around 24,150. This comes amid heightened tensions from the US-Iran conflict and the US Federal Reserve's decision to keep interest rates unchanged at 3.50%-3.75% for the third consecutive meeting. Fed Chair Jerome Powell noted the ongoing economic stability, despite elevated inflation driven by rising global energy prices. Oil prices surged due to concerns over supply disruptions from the Middle East, impacting market sentiment. Analysts suggest a cautious approach, with key support levels for the Nifty at 24,100 and resistance at 24,215. Eight stocks have been recommended for intraday trading, including Cochin Shipyard and ICICI Bank, with specific buy targets and stop-loss levels outlined by various market experts.
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Investors should be cautious as the market may experience volatility due to global tensions and economic indicators. A gap-down opening could affect trading strategies and investment decisions.
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