
Stock recommendations for 1 April from MarketSmith India
Stock market recap: The Indian equity markets witnessed a sharp sell-off on Monday, 30 March 2026, as the West Asia war and surging crude oil prices triggered a widespread risk-off sentiment.Nifty 50 plummeted 2.14% to settle at 22,331.40, while S&P BSE Sensex crashed 1,636 points (2.22%) to end at 71,947.55. The session was marked by deep institutional selling, particularly from FPIs, as Brent crude climbed above $115 per barrel, threatening India's macroeconomic stability.Sectorally, Nifty Realty and PSU Banks bore the brunt of the carnage, with heavyweights like Bajaj Finance, Axis Bank, and SBI leading the losers' list.
Conversely, defensive plays in Energy and Metal space, such as Coal India and Hindalco, closed in the green.Market breadth was decisively bearish. The advance-decline ratio stood at approximately 1:4, with over 3,300 stocks declining on the BSE.Two stock recommendations by MarketSmith India:Buy: Strides Pharma Science Ltd (current price: ₹937.75) Buy: Coal India Ltd (current price: ₹450)Nifty 50 recapIndian equities witnessed a sharp sell-off on 30 March, with Nifty 50 plunging 2.14% (down 488 points) to close at 22,331.40, reflecting broad-based risk aversion through the session.
The index traded weakly throughout the day, breaching key intraday supports and nearing 22,300, which now acts as immediate support, while resistance is seen around 22,700.Market breadth remained decisively negative, with the advance-decline ratio heavily skewed at 570 stocks advancing against 2,764 stocks declining, indicating widespread selling pressure across segments. On the sectoral front, Financials led the downturn with sharp cuts in private banks and NBFCs, while PSU banks, auto, realty, and consumer durables also
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