Top Stock Picks by Sumeet Bagadia Amid Market Surge on April 9, 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 9 April 2026
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On April 8, 2026, the Indian stock market saw significant gains, with the Sensex rising nearly 4% following a ceasefire announcement between the U.S. and Iran. Sumeet Bagadia from Choice Broking recommends five stocks to buy, including CG Power and Kirloskar Oil Engines, highlighting strong bullish trends and technical setups.
- 01Sensex surged by 2,946 points or 3.95% on April 8, 2026.
- 02Nifty 50 closed at 23,997.35, gaining 3.78%.
- 03Sumeet Bagadia recommends five stocks for purchase on April 9, 2026.
- 04Technical indicators suggest bullish momentum in the market.
- 05Immediate support and resistance levels identified for key indices.
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The Indian stock market experienced a robust rally on April 8, 2026, with the Sensex climbing 2,946 points to close at 77,562.90 and the Nifty 50 rising 874 points to settle at 23,997.35. This surge was attributed to the announcement of a two-week pause in U.S. military operations against Iran, which contributed to a positive market sentiment. Sumeet Bagadia, Executive Director at Choice Broking, noted the formation of bullish candlestick patterns and indicated strong buying conviction. He provided insights into immediate support and resistance levels for both the Nifty 50 and Bank Nifty indices, which also saw significant gains, closing at 55,703.90, up 5.67%. Bagadia recommended five stocks for investors to consider buying on April 9: CG Power, Kirloskar Oil Engines, Bharat Heavy Electricals Limited, Dalmia Bharat, and ABB India. Each stock shows strong technical setups and bullish trends, with specific entry points, targets, and stop-loss levels suggested for risk management. Investors are advised to remain cautious and monitor market movements closely.
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The surge in the stock market can lead to increased investor confidence and potential gains for shareholders, affecting individual investors and traders.
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