The Indian equity markets experienced a volatile session on April 2, 2026, with the Nifty 50 index recovering from a significant intraday decline to close at 22,713.10, up 33.70 points (0.15%). This recovery was driven by a rebound in the Nifty IT sector, which rose 2.60%, as investors sought refuge amid geopolitical tensions and a weakening rupee. The initial sell-off was prompted by U.S. President Donald Trump's warnings regarding Iran, which pushed Brent crude prices above $108 per barrel and contributed to a decline in domestic Manufacturing PMI to a 45-month low of 53.9. MarketSmith India provided two stock recommendations: TD Power Systems Ltd, with a current price of ₹866, is recommended for its strong position in industrial generators and potential growth, targeting ₹1,000 in two to three months. Acme Solar Holdings Limited, currently priced at ₹274.4, is recommended due to its strong presence in the renewable energy sector, with a target price of ₹305. Despite the positive market breadth, the overall trend remains fragile, with critical support levels at 22,200 for Nifty 50 and 50,000 for Nifty Bank.