Buy or sell stocks for 6 April 2026: The Indian stock market witnessed high volatility during the shortened week (Mar 30–Apr 2), impacted by geopolitical tensions, rising crude oil prices, a weakening rupee, and continued FII outflows. The market ended FY26 on a weak note, with the Sensex falling 1,635 points (2.22%) and the Nifty dropping 2.14%, led by broad-based selling across sectors.
The new fiscal year (FY27) began on a strong rebound, supported by global cues and hopes of de-escalation in the US-Iran war, with the Sensex gaining 1.65% and the Nifty rising 1.56%, led by banking, IT, and auto stocks. However, gains were partially reversed on April 2 as uncertainty resurfaced following US remarks on the conflict, dragging indices lower again. Overall, the week highlighted fragile sentiment, with geopolitical and oil-related risks continuing to dominate market direction despite intermittent recovery.
Stock market today
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Dalal Street undertone is cautious to positive. The Prabhudas Lilladher said the Nifty 50 index has crucial support placed at 21,800. Failing to stay above this level would turn the tide towards bears.
On the outlook of the Nifty 50 today, Vaishali Parekh said the index opened on a weak note on Thursday last week, almost 500 points, hitting a fresh new low at the 22,182 zone, but witnessed a strong recovery as the day progressed to end in the green near the 22,700 level with overall bias maintained with a very cautious approach.
“Technically, with the sentiment still in a tense mode, the index would need to sustain the important and crucial support near the 21800 zone, as mentioned earlier, failing which the overall trend would begin to turn bearish,” Parekh said.
On the outlook of the Bank Nifty today, Parekh said, the index would need to move past the 54,000 zone to improve the bias and, thereafter, anticipate further upward movement in the coming days.
“The Bank Nifty index needs to sustain the near-term support at the 50,000 zone, failing which, there can be fresh downward selling pressure triggered with the 47,800 zone as the next major support,” she added.
Vaishali Parekh’s stock recommendations for today
Regarding stocks to buy today, Vaishali Parekh recommended these three intraday stocks to buy or sell on Wednesday: IHC, Ashok Leyland, and IOC.
1] IHC: Buy at ₹580, Target ₹610, Stop Loss ₹565;
2] Ashok Leyland: Buy at ₹146, Target ₹151, Stop Loss ₹142; and
3] IOC: Buy at ₹134, Target ₹140, Stop Loss ₹131.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
