
Stocks to trade: Raja Venkatraman recommends 3 stocks for 15 April
Subscribe to enjoy similar stories.The bulls are active and capitalising on every dip to trigger a recovery. However, the market continues to be dragged down by an inability to sustain gains at higher levels.
Following a prolonged period of volatility, recent gap openings have dampened investor enthusiasm, though isolated pockets of bullishness continue to emerge and attract attention.Buy above ₹970, stop ₹910, target 1070 (multiday)Buy above ₹240, stop ₹220, target ₹270 (multiday)Buy above ₹753, stop ₹720, target ₹825 (multiday)On 13 April, Indian equity markets faced a turbulent session as geopolitical tensions weighed heavily on investor sentiment. The Sensex dropped 702.68 points, or 0.91%, to close at 76,847.57 after plunging as much as 1,681.93 points intraday to 75,868.32.
The Nifty also opened sharply lower but managed a partial recovery, ending 207.95 points, or 0.86%, down at 23,842.65. The sell-off was broad-based, with auto, FMCG, and IT stocks leading declines, while select energy and pharma counters showed relative resilience.Midcap and smallcap indices mirrored the weakness, slipping around 0.5 percent each.
Banking heavyweights added to the pressure, with HDFC Bank sliding 2.7 percent and ICICI Bank losing 1.7 percent. The downturn was largely attributed to the failure of US-Iran negotiations, which heightened fears of prolonged conflict and drove crude oil prices higher, intensifying concerns over inflation and economic stability.The April series has been demanding, with high volatility leaving traders questioning if any upward momentum remains.
Despite frequent gaps threatening sentiment, bullish hopes persist. However, the market’s constant chopping and turning has yet to provide full clarity, leaving
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