Stock market today: According to experts, the Gift Nifty live chart is signalling a gap-up opening for Dalal Street.(Photo: Pixabay)AI Quick ReadStock market today, 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. By 7:30 AM, the index was trading more than 0.75% higher at around 24,130.
Expecting a gap-up opening for the Indian stock market today, Avinash Gorakshkar, a SEBI-registered market expert, said Indian equities may open higher as the Gift Nifty is trading 0.75% higher from its previous close. The index is also signalling that the 50-stock index may regain the psychological 24,000 levels and open above this important mark.
Asian markets traded higher on Monday, with investors brushing aside fresh diplomatic tensions between the US and Iran, even as rising unrest in the Middle East kept oil prices firm.
Japan’s Nikkei 225 gained 0.53% to reach a record high, while South Korea’s Kospi surged 1.5% to hit a new peak of 6,557.
Meanwhile, Australia’s S&P/ASX 200 declined 0.54%. Hong Kong’s Hang Seng index futures stood at 26,041, slightly above the previous close of 25,978.07.
Following the uncertainty around the Strait of Hormuz opening and the US-Iran ceasefire talks, the WTI crude oil price is under the bulls' radar during the early morning session. By 7:45 AM, the WTI crude oil price was trading $95.75 per barrel, logging an intraday gain of around 1.45%.
Following gains in crude oil prices today, gold and silver prices came under selling pressure in early morning trading. The COMEX gold rate today is around $4,715 per ounce, logging an intraday loss of more than 0.55%.
Likewise, the COMEX silver rate today is oscillating around $75.25/oz, recording an intraday loss of over 1.50%.
The volatility index of the Indian stock market rose by over 6% during the market crash on Friday. However, the index is below 20 but above the warning line 18. A positive opening on Dalal Street is expected to push the India VIX down today.
Speaking on the outlook of the Nifty 50 and the Sensex today, Amol Athawale, VP — Technical Research at Kotak Securities, said that on the weekly chart, the Nifty 50 and the 30-stock index Sensex have formed a bearish candle, and on daily charts, a reversal formation has appeared, which supports further weakness from the current levels.
“We are of the view that 24,000/77000 would act as a crucial reference point for traders. Below this level, the correction wave is likely to continue, with the index potentially slipping to the 20-day SMA or 23,635/76000. Further downside could also continue, dragging the index to the 23,500-23450/ 75700-75500 range,” said Amol Athawale.
On the outlook of the Bank Nifty today, Amol Athawale said, “For Bank Nifty, as long as it is trading below the 50-day SMA or 56,800, a weak formation is likely to continue. On the downside, it could retest the 55,000–54,750 range. Conversely, above the 50-day SMA of 56,800, the next resistance for Bank Nifty would be in the 57,500–58,000 range.”
Regarding stocks to buy today, market experts — Sumeet Bagadia of Choice Broking, Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, and Shiju Koothupalakkal, Senior Manager — Technical Research at Prabhudas Lilladher, recommended these eight buy-or-sell stocks for intraday trading: SAIL, GVT&D, Alkem Lab, HSCL, Canara Bank, Premiere Energies, VA Tech Wabag, and Cummins India.
1] SAIL: Buy at ₹178.5, Target ₹192, Stop Loss ₹172; and
2] GVT&D: Buy at ₹4598, Target ₹4920, Stop Loss ₹4437.
3] Alkem Lab: Buy at ₹5235, Target ₹5500, Stop Loss ₹5100;
4] Canara Bank: Buy at ₹140, Target ₹150, Stop Loss ₹135; and
5] HSCL: Buy at ₹566, Target ₹590, Stop Loss ₹540.
6] Premiere Energies: Buy at ₹1018, Target ₹1070, Stop Loss ₹995;
7] VA Tech Wabag: Buy at ₹1493, Target ₹1560, Stop Loss ₹1460; and
8] Cummins India: Buy at ₹5232, Target ₹5400, Stop Loss ₹5140.
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).