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The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 2 lakh crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities.
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Indian stock markets will remain closed on Friday, May 1, on account of Maharashtra Day, marking the first trading holiday of the month. With this, a total of nine market holidays remain in 2026, including upcoming closures for Bakri Id, Muharram, and Diwali.
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Indian equities saw a broad-based selloff on Friday, led by IT stocks, dragging benchmarks sharply lower. Nifty fell 1.14% and Sensex dropped 1.29%, while India VIX rose 6%. Analysts flag heightened volatility amid US-Iran tensions, with charts indicating a bearish near-term trend. Nifty may drift towards 23,500, while 24,200 remains a key resistance level for any recovery.
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Investors seeking significant gains can look to Nifty Mid-Cap 100 stocks. Analyst forecasts highlight ten companies poised for substantial growth, with projected upsides between 30% and 60% in the next year.
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US stock market moves over the past 15 months have been heavily influenced by President Donald Trump’s remarks and social media posts. Fundstrat analysis shows his comments drove the S&P 500’s biggest gains and losses, an influence unmatched by any modern US leader. Analysts say this level of market impact is unprecedented and highlights investors’ sensitivity to political signals.
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