Sumeet Bagadia Recommends Three Stocks to Buy Amid Market Surge
Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 13 April 2026
Mint
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The Indian stock market experienced significant gains during the week of April 6-10, 2026, with the Nifty 50 index rising by 1,337 points to 24,050. Analyst Sumeet Bagadia recommends buying shares of Asian Paints, Mahindra & Mahindra (M&M), and State Bank of India (SBI), citing positive market sentiment and technical indicators.
- 01Nifty 50 index gained 1,337 points, marking a weekly increase of nearly 6%.
- 02Sumeet Bagadia predicts continued bullish momentum in the market.
- 03Recommended stocks include Asian Paints, M&M, and SBI with specific buy targets.
- 04The India VIX index has fallen below 19, indicating reduced market uncertainty.
- 05Immediate support for Nifty 50 is between 23,750-23,800.
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During the week of April 6-10, 2026, the Indian stock market saw a remarkable performance, with the Nifty 50 index rising from 22,713 to 24,050, a gain of 1,337 points or nearly 6%. The BSE Sensex also increased by 4,231 points to 77,550, while the Bank Nifty index surged by 4,364 points to 55,912, reflecting a strong bullish trend supported by improving global sentiment and domestic institutional buying. Analyst Sumeet Bagadia from Choice Broking believes the bullish momentum will continue, as indicated by a bullish candlestick pattern in the Nifty 50 index and a declining India VIX, which closed at 18.85. Bagadia recommends buying shares of Asian Paints at ₹2,360 with a target of ₹2,440, M&M at ₹3,260 with a target of ₹3,450, and SBI at ₹1,067 with a target of ₹1,120. These recommendations are based on technical analysis and recent market trends, suggesting a positive outlook for these stocks.
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The positive performance of the stock market may encourage more investors to participate, potentially leading to increased investment opportunities and economic growth.
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