The Indian stock market has faced significant volatility recently, driven by geopolitical tensions, rising crude oil prices, and a weakening rupee. During the last week of FY26, the Sensex dropped 1,635 points (2.22%), while the Nifty fell 2.14%. However, the new fiscal year (FY27) began with a rebound, as the Sensex gained 1.65% and the Nifty increased by 1.56% due to global cues and hopes for de-escalation in the Iran-US conflict. Despite this, uncertainty returned after US remarks on the conflict, leading to further declines. Mehul Kothari of Anand Rathi notes that the Nifty 50 index is mixed in the short term but shows potential for a larger upside move if it breaks above 23,400. He recommends three stocks under ₹200: UCO Bank (buy at ₹23, target ₹25), NBCC (buy at ₹83, target ₹95), and PNB (buy at ₹104, target ₹114). Kothari emphasizes that the market sentiment remains fragile, but there are signs of recovery and strong demand at lower levels.