Nifty, Sensex Plunge: Sumeet Bagadia Recommends Stocks for Monday

Indian equity benchmarks, Sensex and Nifty 50, witnessed a significant fall on May 29, driven by profit booking and geopolitical tensions stemming from a US-Iran agreement. This broad market correction indicates a shift in investor sentiment and increased market volatility.

The sharp decline in key indices highlights a potential short-term bearish trend or a healthy correction after a strong run. For Indian traders, this signals a need for caution but also presents opportunities for value buying or short-term trades if specific stocks are resilient or oversold.

While no specific stocks are named for impact in the article, the broad market decline affects all sectors. High-beta stocks and those with stretched valuations are likely to see more significant corrections. Conversely, defensive sectors or fundamentally strong companies might offer relative stability or bounce-back potential.

Traders should monitor the geopolitical situation for de-escalation signs and observe global market cues. Domestically, watch for Nifty 50 and Sensex support levels, FII/DII activity, and any further analyst recommendations for specific stocks that could lead the recovery.

• •Domestic equity benchmarks fell sharply on May 29 due to profit booking and concerns over a US-Iran agreement.
• •The Sensex dropped by 1,092 points to 74,775.74.
• •Nifty 50 fell by 359 points to 23,547.75.
• •The market reflects rising volatility and weakening momentum.
• •Sumeet Bagadia recommends three stocks to buy on Monday - 1 June 2026.