Stock market today: Vaishali Parekh of Prabhudas Lilladher expects a gap-up opening for Dalal Street, as the Gift Nifty is trading green with a sizeable margin.(Photo: Courtesy Prabhudas Lilladher)AI Quick ReadBuy or sell stocks, 27 April 2026: The key benchmark indices of the Indian stock market remained under the bears' grip for the third straight session last week. The Nifty 50 index crashed 679 points in these three sessions, while the BSE Sensex nosedived over 2,600 points from Wednesday to Friday last week. The Bank Nifty index, which ended at 57,371 on Tuesday, finished at 56,089, losing nearly 1,300 points in three straight sessions.
Among sectors, the IT index corrected sharply, shedding over 10 per cent, whereas, despite weak market sentiment, the FMCG and Energy indices rallied over 2 per cent. During the week, due to profit booking at higher levels, the market slipped below the 50-day SMA (Simple Moving Average) of 24,300/78000, and post-breakdown, selling pressure intensified.
Gift Nifty index today opened upside at 24,051 and extended its intraday gains further by hitting today's high of 24,135. This indicates a gap-up opening for the 50-stock index and other indices of the Indian stock market.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market may open gap-up, as the Gift Nifty live chart is trading green with a sizeable margin. However, she maintained that the Indian stock market bias is cautious as the Nifty 50 index slipped below 24,000 during the stock market crash on Friday. The Prabhudas Lilladher expert said the 50-stock index has its next support placed at 23,500. Breaking below this support, the index may try to test the 23,000 levels.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said the index tanked heavily, crashing below the 24,000 zone, with profit booking seen and sentiment in a very cautious mode among market players.
“The Nifty 50 index losing steam once again would have the important support zones at 23500 and 23000 levels, which can be retested, as mentioned earlier, and would need to sustain the zone to maintain the overall trend intact. On the upside, the zone near the 24300 level would be the crucial resistance which needs to be breached to improve the bias,” Vaishali said.
On the outlook for the Bank Nifty today, Parekh said the index slipped below the important 50-EMA at 56,300 during the session, with the bias turning weak, and closed near 56,000, with sentiment precariously placed for the coming sessions.
“As mentioned earlier, the important support at 55,000 and thereafter, 53,500 levels shall be the crucial zone which needs to be sustained in the coming sessions, failing which one can expect further weakening of the trend. On the upside, the 200-period MA at the 57,300 level would be an important hurdle which needs to be breached decisively above.”
Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy-or-sell stocks: Tata Power, SAIL, and TCI.
1] Tata Power: Buy at ₹433, Target ₹442, Stop Loss ₹425;
2] SAIL: Buy at ₹177, Target ₹182, Stop Loss ₹174; and
3] TCI: Buy at ₹942, Target ₹965, Stop Loss ₹930.
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.
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records.
While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat.
Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities.
Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).