🕗 Last Update: 11 September 2026, 9.00 AM
The key benchmark indices of the Indian stock market are likely to remain under pressure today as surging crude oil prices weaken investor sentiment.
WTI crude is trading around $103–104 per barrel after rising approximately 7.5% in the previous session. Brent crude has approached $108 amid escalating tensions involving Houthi forces and Saudi Arabia. Gift Nifty is also signalling a gap-down opening, trading more than 100 points below the Nifty 50’s previous close of 23,477.
Gift Nifty Signals Gap-Down Opening
Gift Nifty is trading below both its previous close and Thursday’s spot Nifty 50 closing level. The index is approximately 120 points below its previous close and more than 100 points below the Nifty 50 close, indicating a weak start for Dalal Street.
Vaishali Parekh, Vice President–Technical Research at Prabhudas Lilladher, expects the Indian stock market to open with a significant gap-down on Friday. Gift Nifty is hovering approximately 125 points below the Nifty’s previous close of 23,477, while also trading below its own previous close.
These signals indicate continued weakness in the Indian stock market, with crude oil prices and geopolitical tensions remaining the principal risks.
Stock Market Today: Nifty 50 Outlook
According to Vaishali Parekh, the Nifty 50 found strong support near 23,400 during Thursday’s intraday session. The index traded around this level for most of the day and closed just above 23,450, providing some hope of a recovery in the coming sessions.
However, the immediate bias remains cautious. The Nifty has important support near 23,000, while 23,800 is the crucial resistance level.
“A decisive move above 23,800 is necessary to establish conviction for a further upward move in the coming days,” Parekh said.
Until the index crosses this resistance, traders should maintain a cautious approach and monitor the 23,000 support zone.
Bank Nifty Outlook Today
Bank Nifty traded within a narrow range around 56,300 during Thursday’s session before closing in positive territory near 56,500. The positive close provides some possibility of a recovery in the coming sessions.
According to Parekh, Bank Nifty has important support near 54,500, while the previous low around 53,000 is the crucial long-term support zone.
A decisive fall below 53,000 would weaken the broader structure and turn the overall Bank Nifty trend bearish.
Vaishali Parekh’s Stocks to Buy Today
For the Indian stock market today, Vaishali Parekh has recommended three stocks to buy: Shriram Finance, KEC International and Heritage Foods.
| Stock | Buy Price | Target | Stop-Loss |
|---|---|---|---|
| Shriram Finance | Rs. 1,038 | Rs. 1,100 | Rs. 1,015 |
| KEC International | Rs. 413.45 | Rs. 432 | Rs. 404 |
| Heritage Foods | Rs. 398 | Rs. 425 | Rs. 388 |
She is the Vice President of Technical Research at Prabhudas Lilladher, offering daily market outlooks and stock recommendations.
For 26 May 2026, she has recommended
Tata Power, SRF, and Ujjivan Small Finance Bank.
for 26 May 2026
According to Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, Bank Nifty may now target the 57,000 zone, which coincides with the important 200-period moving average resistance level.
Vaishali Parekh recommended the following three intraday trades for today:
Meesho, Max Financial Services, and GIPCL.
Vaishali Parekh recommended 3 stocks to buy right now-
Tata Power, SRF, and Ujjivan Small Finance Bank.