Anand Rathi Strategist Suggests Stocks for Monday Amid Rising US-Iran Tensions

Indian Stock Market Report - February 27, 2026

Market Summary The Indian stock market closed around 1% lower on February 27, 2026, amid ongoing geopolitical tensions and a sharp surge in crude oil prices. The Sensex tumbled 961 points, or 1.17%, to settle at 81,287.19, while the Nifty 50 dropped 318 points, or 1.25%, to close at 25,178.65.

Market Outlook The benchmark indices ended the week on a weak note, pressured by negative global cues and escalating geopolitical tensions. The Nifty 50 declined 1.54% to close at 25,178, with the IT index emerging as a major drag, falling nearly 5% during the week.

Technical Analysis According to Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, the Nifty 50 index has closed near its 200-day EMA, a crucial long-term indicator. A decisive breakdown and sustained close below the 200-day EMA could intensify selling pressure, with the next key support seen in the 24,200–24,500 range.

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Sectoral Analysis

• Bank Nifty: Faces immediate resistance near 61,500, where the highest Call open interest is positioned, while 59,500 acts as immediate support. Holding above the 58,000 level remains crucial to maintaining overall strength.
• IT Index: Emerged as a major drag, falling nearly 5% during the week.

Weekly Stocks to Buy or Sell

• ITC: Buy at ₹310-315, target price of ₹340, stop loss of ₹300.
• Tata Consumer: Buy at ₹1130-1140, target price of ₹1200, stop loss of ₹1100.
• SBI Life Insurance Company: Buy at ₹2030-2040, target price of ₹2140, stop loss of ₹1980.