MarketSmith Analyst Raja Venkatraman Identifies Five Stocks for Consideration on 30 April

Market Outlook: Stocks to Buy on 30 April Amid Rising Brent Crude Prices

The main domestic stock indices, Nifty 50 and Sensex, saw gains on Wednesday, April 29, as stock-specific advancements following quarterly earnings countered the impact of rising Brent crude prices due to reports that the U.S. might prolong its blockade of Iranian ports, which limited possible gains. Brent crude prices remained around $115 per barrel.

Increased oil prices create risks for India, the world's third-largest crude importer, by driving up inflation and putting pressure on growth and corporate profits. The Nifty 50 climbed 0.76% to reach 24,177.65, while the Sensex increased by 0.79% to hit 77,496.36.

US Federal Reserve officials opted to keep interest rates unchanged, but disclosed a growing split regarding the future of monetary policy amid heightened uncertainty due to the conflict in the Middle East. Four officials opposed the decision, including three who disagreed with wording in their post-meeting statement that implied the central bank might eventually start reducing rates again.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

In what will be his final press conference as Fed chair, Jerome Powell announced that he plans to remain at the central bank as a member of the Board of Governors. Powell indicated that Justice Department officials had assured him over the weekend that they would not reopen a contentious criminal investigation into the central bank unless recommended by the Fed’s internal watchdog.

Stocks to Buy Today

Based on technical analysis and research, the following stocks are recommended for purchase:

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

1. Vedanta Ltd

• Current Market Price: ₹773.60
• Buy Above: ₹775
• Stop Loss: ₹725
• Target Price: ₹850 (Multiday)

Vedanta Ltd is a diversified global natural resources company headquartered in Mumbai, India, with major operations in oil & gas, zinc, lead, silver, aluminum, iron ore, steel, and power. Post a sharp decline in April 2026, the prices found support at the TS & KS bands and the reversal gathered steam on Wednesday post the results.

2. IndusInd Bank

• Current Market Price: ₹913.75
• Buy Above: ₹917
• Stop Loss: ₹877
• Target Price: ₹1,040 (Multiday)

IndusInd Bank Ltd is a prominent Indian private sector bank headquartered in Mumbai, established in 1994 by the Hinduja Group offering a wide array of retail, corporate, and microfinance services. The strong thrust with support from the TS & KS bands has led to a strong breakout above the cloud region forming a nice rounding pattern revival.

3. Tata Consumer Products Ltd

• Current Market Price: ₹1168
• Buy Above: ₹1,170
• Stop Loss: ₹1,135
• Target Price: ₹1,255 (Multiday)

Tata Consumer Products Ltd is a leading Indian FMCG company and part of the Tata Group, focusing on food and beverage brands globally. The steady rise since April 2026 has seen the 2026 highs at around 1170 a strong recovery in the last few days.

4. Siemens Energy India Ltd

• Current Price: ₹3,310
• Buy: ₹3,300–3,330
• Target Price: ₹3,800 in two to three months
• Stop Loss: ₹3,130

Siemens Energy India Ltd is a strong player in the power and energy transition demand, with a growing order book, renewable and grid modernization exposure, technology leadership in transmission solutions, and government push for infrastructure and electrification.

5. Navin Fluorine International Ltd

• Current Price: ₹6,758
• Buy at: ₹6,724–6,825
• Target Price: ₹7,640 in two to three months
• Stop Loss: ₹6,400

Navin Fluorine International Ltd is a strong player in the specialty fluorochemicals market, with a diversified high-margin product portfolio, a strong order book (CDMO and long-term contracts), robust R&D in fluorine chemistry, and high growth in specialty and HPP segments.

Volatility remains elevated but not extreme. India VIX is hovering near 17.4, indicating a moderate risk premium still embedded in the market. While not at panic levels, it continues to keep option premiums relatively expensive, suggesting traders remain cautious. A sustained directional move will be required to meaningfully cool volatility.