Today’s Stock Market: Top 4 Stocks to Consider Buying or Selling on Tuesday, April 16 in Light of Iran-Israel Conflict

The Indian stock market faced a sharp decline for the second consecutive day on Monday amidst global equity weakness due to the escalating Iran-Israel conflict. The Nifty 50 index dropped by 1.10 percent to 22,272, the BSE Sensex fell by 1.14 percent to 73,399, and the Bank Nifty index tumbled by 1.63 percent to 47,773. Small-cap and mid-cap indices also experienced a significant decline.

Iran’s recent attack on Israel has intensified tensions in the Middle East conflict, with Iran justifying the attack as retaliation for an alleged airstrike by Israel on its consular offices in Syria, resulting in the deaths of two Revolutionary Guard generals on April 1.

Looking ahead at the stock market, experts like Nagaraj Shetti from HDFC Securities and Ruchit Jain from 5paisa.com predict continued weakness in the Nifty trend, with support levels around 22,000 and resistance at 22,400. Traders are advised to monitor Middle East developments and global market movements for short-term investment decisions.

Stock market experts Sumeet Bagadia and Mitesh Karwa recommended four stocks for buying or selling on Tuesday. Among them are Colgate Palmolive, Gujarat Gas, Mangalam Cement, and Cigniti Technologies, with detailed analysis and target prices provided for each stock. Investors are advised to consult with certified experts before making any investment decisions.