Indian Stock Market Outlook: Nifty Expected to Open Higher Amid Global Optimism
Buy or sell, 10 April 2026: Gift Nifty signals gap-up opening, Vaishali Parekh recommends three stocks to buy today
Mint
Image: Mint
On April 10, 2026, the Indian stock market faced a decline due to global tensions but is expected to open higher with the Gift Nifty indicating a start above 23,900. Analyst Vaishali Parekh recommends buying IEX, PB Fintech, and HFCL stocks for intraday trading.
- 01Nifty 50 index closed down 222 points at 23,775 amid global market tensions.
- 02Gift Nifty suggests a potential gap-up opening above 23,900.
- 03Vaishali Parekh identifies key resistance and support levels for Nifty and Bank Nifty.
- 04Recommended stocks for intraday trading include IEX, PB Fintech, and HFCL.
- 05Market sentiment remains cautious despite positive cues from global markets.
Advertisement
In-Article Ad
On April 10, 2026, the Indian stock market experienced a downturn, with the Nifty 50 index falling 222 points to close at 23,775 due to weak global sentiments following Israel's attack on Lebanon. The BSE Sensex dropped 931 points to 76,631, while the Bank Nifty index fell 882 points to 54,821. Despite this, the Gift Nifty indicates a potential gap-up opening above 23,900, buoyed by positive trends in US and Asian markets. Analyst Vaishali Parekh from Prabhudas Lilladher emphasized the need for the Nifty 50 to stabilize within the 23,500-24,000 range for bullish momentum. She identified 24,300 as a crucial resistance level and 23,000 as immediate support. For intraday trading, she recommends buying IEX at ₹128 with a target of ₹132, PB Fintech at ₹1480 with a target of ₹1520, and HFCL at ₹78 with a target of ₹85. Investors are advised to consult certified experts before making investment decisions.
Advertisement
In-Article Ad
Today's market movements could influence investment decisions and trading strategies for local investors, affecting their portfolio performance.
Advertisement
In-Article Ad
Reader Poll
Do you think the Indian stock market will recover in the coming days?
Connecting to poll...
Read the original article
Visit the source for the complete story.