Anand Rathi Analyst Recommends Three Stocks to Consider Buying on Monday, March 30, 2026

Indian Stock Market Update: March 27

Market Performance

The Indian stock market experienced a sharp decline on Friday, March 27, with the BSE Sensex and Nifty 50 benchmarks falling 2.25% and 2.09% respectively. The Sensex dropped 1,690 points to close at 73,583, while the Nifty 50 declined 487 points to settle at 22,819.60.

Sectoral Performance

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The broader markets remained under pressure, with the BSE Midcap Index falling 2.18% and the BSE Smallcap Index slipping 1.82%. The IT sector was the only sector to witness buying interest, while most other sectors experienced profit booking.

Market Outlook

According to Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, the Nifty 50 failed to sustain above the crucial trendline support zone of 24,000-24,300 and slipped below the 23,000 mark. The index is attempting to hold near its previous monthly low around 21,700, making the 22,000 level a critical support for the coming weeks.

Trading Range

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For the upcoming monthly expiry, the Nifty 50 is expected to trade within a broad range of 22,500-23,600. Derivatives data supports this view, with the highest call open interest at the 23,500 and 23,000 strike levels, indicating key resistance, while the highest put open interest at 22,000 and 23,000 suggests strong support.

Bank Nifty

The Bank Nifty also ended the week lower, declining 2.16%. Strong support is placed in the 52,000-51,500 zone, while resistance is in the 54,000-55,000 range.

Weekly Recommendations

• Bharat Electronics: Buy at ₹405-410, target price of ₹440, stop loss of ₹395.
• ONGC: Buy at ₹255-260, target price of ₹300, stop loss of ₹265.
• Wipro: Buy at ₹185-190, target price of ₹225, stop loss of ₹175.