midcap index

Persistent foreign fund outflows and the rupee sliding to record lows have further dampened sentiment, prompting investors to stay cautious and intensify selling across equity markets.

The sell-off was widespread, extending beyond large-cap stocks to the broader market. The Nifty Smallcap 100 index was down 0.5%, while the Nifty Midcap 100 index fell more than 1%.

Stock market recommendations: APL Apollo Tubes, and HDFC Asset Management Company are Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities’ top stock picks for this week. Below are his stock picks and also views on Nifty.

Stock market today: Sensex and Nifty50 rallied strongly in trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points.

Stock market recommendations: Sona BLW Precision Forgings, and Eicher Motors have been recommended as the top stocks to buy this week by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities. He also shares outlook on Nifty and Bank Nifty:

India’s balanced geopolitical approach has helped mitigate risks. Strong relationships across key global blocs have enabled continued access to energy and trade routes, positioning India relatively well in a fragmented global environment.

Stock market today: Buoyed by the two week US-Iran ceasefire, stock markets rallied strongly on Wednesday. While Nifty50 went above 24,000 intraday, BSE Sensex rose over 3,000 points.

A temporary ceasefire between Iran and the US is reshaping global markets. Oil prices have dropped significantly as the Strait of Hormuz sees cautious reopening. Stock markets worldwide are experiencing a strong rally, with Indian markets showing substantial gains. This development offers relief from geopolitical tensions and supports economic stability.

Stock market recommendations: Aster DM Healthcare, and Karur Vysya Bank are the top stocks that have been recommended by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities for the week starting March 30, 2026. He also explains his outlook for Nifty and Bank Nifty:

Indian stock markets experienced a severe downturn Monday, mirroring a global sell-off. Escalating Middle East tensions, rising crude oil prices, consistent foreign investor withdrawals, and a record-low rupee significantly impacted investor confidence, leading to broad-based losses across major indices and sectors.

Citi has revised its Nifty target to 27,000 from the earlier estimate of 28,500. The new projection suggests a potential upside of about 17 percent from the index’s last closing level.