MarketSmith Recommends Five Stocks for April 13

Indian Stock Market Sees Boost Amid Global Sentiment Shift

The Indian stock market indices, Sensex and Nifty 50, witnessed a significant increase of over 1% on Friday, April 10, driven by heightened buying activity in banking stocks and a positive trend in global markets.

The 30-share BSE Sensex climbed 918.60 points or 1.20% to close at 77,550.25, while the Nifty 50 gained 275.50 points or 1.16% to close at 24,050.60. In terms of weekly performance, the BSE benchmark gained 4,230.7 points or 5.77%, while the Nifty 50 rose by 1,337.5 points or 5.88%.

However, the Gift Nifty Live Chart is indicating a weak start for the Indian stock market today, with a premium of 337 points from the Nifty futures' previous close of 24,101. According to Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, Indian markets are set to begin the week on a weak note, with Gift Nifty indicating a gap-down opening near the 23,700 zone.

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

Comparison of Weekly Performance

The negative start is largely driven by deteriorating global sentiment following fresh geopolitical escalation in the Middle East. The failure of U.S.–Iran negotiations over the weekend has heightened concerns of a prolonged conflict, further intensified by reports of a U.S. naval blockade on Iranian ports.

Stocks to Buy Today

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

Raja Venkatraman, Co-founder of NeoTrader, and stock research platform MarketSmith India, has recommended buying the following five shares:

Sona BLW Precision Forgings Ltd

• Current Price: ₹554.25
• Buy Above: ₹556
• Stop Loss: ₹520
• Target Price: ₹610 (Multiday)

Sona BLW Precision Forgings Ltd is a leading global automotive technology company specializing in designing and manufacturing mission-critical components for electric (EV) and conventional vehicles. The stock has shown a robust movement since the start of April 2026, and the recent charge is seen closing above value resistance region at 546, indicating that the push could carry the prices higher.

Nippon Life India Asset Management Ltd

• Current Price: ₹955.25
• Buy Above: ₹960
• Stop Loss: ₹897
• Target Price: ₹1,075 (Multiday)

Nippon Life India Asset Management Ltd offers various financial products, including mutual funds, portfolio management, and AIFs. The stock has shown a strong breakout above the cloud region with a long body candle, suggesting some upside in store. The rising RSI is indicating some firmness in the trend, indicating that we can look to initiate a long opportunity.

Olectra Greentech Ltd

• Current Price: ₹1,184.25
• Buy Above: ₹1,187
• Stop Loss: ₹1,170
• Target Price: ₹1,275 (Multiday)

Olectra Greentech Ltd has been on a descent in the last few days, but this steady decline is now seen receding. With a push above the cloud region, the thrust seen last week could now carry the upside seen over the last few days.

Additional Stock Recommendations

Voltamp Transformers Ltd

• Current Price: ₹9,345
• Buy: ₹9,300-₹9,400
• Target Price: ₹10,500 in two to three months
• Stop Loss: ₹8,800

Voltamp Transformers Ltd has a strong order book visibility, debt-free balance sheet, healthy return ratios (ROE/ROCE), consistent dividend track record, and beneficiary of power & infra capex cycle. The stock has shown a Cup-with-handle breakout, and the target price is ₹10,500 in two to three months.

Bharat Heavy Electricals Ltd

• Current Price: ₹284
• Buy at: ₹281-₹286
• Target Price: ₹320 in two to three months
• Stop Loss: ₹268

Bharat Heavy Electricals Ltd has a strong presence in the power & infrastructure sector, large and diversified product portfolio, government backing (PSU support), and beneficiary of thermal & power capex revival. The stock has shown a Trendline Breakout, and the target price is ₹320 in two to three months.