Indian equity markets are set to resume trading on April 6 after a three-day break for Good Friday. According to reports from LiveMint, the Nifty 50 finished 0.15% higher at 22,713.1, while the Sensex rose by 0.25% to 73,319.55 after experiencing a drop of over 2% earlier in the day. The Gift Nifty was trading around 22,611.5 level, showing a discount of 155 points from the Nifty futures' previous close of 22,766.60. Market analysts expect a muted start with sentiment still anchored to global developments, particularly evolving tensions in the Middle East.
Raja Venkatraman, Co-founder of NeoTrader and stock research platform MarketSmith India, has recommended five stocks for April 6 trading: Adani Power Ltd (₹159.97), Anand Rathi Wealth Ltd (₹3,208.20), Mphasis Ltd (₹2,209.90), TD Power Systems Ltd (₹866), and Acme Solar Holdings Ltd (₹274.4). As reported by LiveMint, the recommendations come with specific buy levels, stop losses, and target prices for 2-month investment horizons.
Adani Power Ltd is recommended as a buy above ₹160 with a stop loss at ₹151 and target of ₹175. According to MarketSmith India, the company is India's largest private thermal power producer with 17,550 MW operational capacity and recently included in the F&O segment. The stock shows P/E ratio of 30.07 with 52-week high of ₹182.70 and volume of 59.83M. Technical analysis indicates support at ₹138 and resistance at ₹185.
Anand Rathi Wealth Ltd is recommended as a buy above ₹3,210 with stop loss at ₹3,070 and target of ₹3,450. As reported by MarketSmith India, the company provides wealth management, investment banking, stockbroking, and NBFC services. The stock shows P/E ratio of 87.20 with 52-week high of ₹3,321.40 and volume of 3.75M. Technical analysis indicates support at ₹2,300 and resistance at ₹2,600.
According to Hariprasad K, SEBI-registered Research Analyst and Founder of Livelong Wealth, Indian markets are expected to open on a muted note with Gift Nifty pointing towards a flat start around the 22,690–22,700 zone. As reported by LiveMint, comments from US President Donald Trump indicating potential escalation have kept risk appetite in check, with crude oil and global uncertainty remaining dominant market drivers. The recommendations come with specific risk factors including market volatility, FII outflows, and currency fluctuations for different stocks.
