Archive · 30 Sep 2026
Indian Stocks Turn Volatile as Experts Recommend Defensive Allocation
Indian share prices went up briefly and then fell again on Wednesday.
The Sensex and Nifty are two important measures of how Indian stocks are performing.
Investors were worried because foreign investors continued to sell shares.
Healthcare and pharmaceutical stocks were among the weaker areas.
Avinash Gorakshakar said investors could look at businesses that mainly serve people in India.
He mentioned capital goods, hospitals, hotels and FMCG companies.
Hitesh Tailor said investors should choose strong sectors and stocks instead of buying everything.
He also suggested buying gradually and keeping some money in cash.
This could give investors more flexibility if prices fall further.
The Sensex and Nifty reversed early gains on Wednesday as selling pressure returned, with the Nifty falling below 22,650.
Healthcare and pharmaceutical stocks faced notable weakness, while foreign investors continued selling Indian equities.
Foreign Institutional Investors sold shares worth ₹9,980.22 crore on Tuesday, exchange data showed.
Avinash Gorakshakar recommended domestic-facing sectors such as capital goods, hospitals, hotels and FMCG.
Hitesh Tailor advised selective sector rotation, staggered buying and maintaining cash while watching technical support levels.
- Who
- Indian stock-market investors, foreign institutional investors, and market experts Avinash Gorakshakar and Hitesh Tailor.
- What
- The Sensex and Nifty turned lower after opening higher, prompting experts to recommend defensive domestic themes and selective, staggered buying.
- When
- Wednesday, after the indices had also declined during the previous two sessions; Tuesday’s FII selling data was also reported.
- Where
- Indian equity markets, with broader Asian-market movements also noted.
- Why
- Selling pressure, continued FII outflows, sector weakness and uncertainty linked to global markets and the US-Iran conflict weighed on sentiment.
Domestic-Fundamental Approach
Technical-Selective Approach
Where to invest
Domestic-Fundamental Approach
Avinash Gorakshakar favors domestic-facing sectors such as capital goods, hospitals, hotels and FMCG because they are supported by domestic demand and structural growth drivers.
Technical-Selective Approach
Hitesh Tailor favors sectors and stocks showing relative technical strength, including areas of Nifty Auto, Nifty Metal, CNXIT and Nifty Pharma.
How to deploy money
Domestic-Fundamental Approach
Focusing on domestic themes could help investors navigate global uncertainty and market volatility.
Technical-Selective Approach
Investors should avoid broad-based buying, buy gradually on declines and retain cash for potentially better entry points.
- Sensex close on Tuesday
- 72,529.07, down 242.65 points or 0.33%
- Nifty close on Tuesday
- 22,716.20, down 64.05 points or 0.28%
- Early Wednesday trade
- Nifty rose 0.2% to 22,762, while the Sensex gained 0.46% to 72,877.11
- Foreign investor selling
- FIIs sold ₹9,980.22 crore of Indian equities on Tuesday
- Domestic themes suggested
- Capital goods, hospitals, hotels and FMCG
- Technical levels highlighted
- Nifty Auto support near 26,340 and 25,980; CNXIT support near 28,000; Nifty Pharma support near 26,400
- Suggested strategy
- Use selective sector rotation, staggered buying on declines and maintain adequate cash