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talk Market on 2 April 2026 | Share Market Live – The short-term outlook is bullish for Steel Authority of India (SAIL). The stock has been consolidating sideways over the last three weeks. The price action indicates that this consolidation could be coming to an end. The 3 per cent rise on Wednesday has taken the stock well above ₹153, a key intermediate resistance.
Benchmark indices Sensex and Nifty closed nearly 2 per cent higher on Wednesday, in tandem with a sharp rally in global markets on hopes of a potential de-escalation in the ongoing West Asia conflict.
Sensex settled 1186.77 pts or 1.65% higher at 73,134.32, and Nifty 50 gained 348 pts or 1.56% to 22,679.40, starting FY27 on positive note.
Sectorally, banking, media, chemicals and metals outperformed.
A drop in crude oil prices also boosted the market sentiment.
- April 2, 2026 06:34
Stock to buy today: SAIL (₹156) – BUY
Stock to buy today: SAIL (₹156) – BUY
Buy SAIL shares at ₹156; Expect a rise to ₹175, with key stop-loss and trailing strategies outlined.
Published on April 2, 2026