BSE 250 SMALLCAP

Sensex and Nifty rebounded over 1 percent., Metal, auto, and energy stocks led gains; IT shares lagged., Nifty faces resistance at 24,950; support seen at 24,530.

* Sensex and Nifty rebounded over 1 percent.
* Metal, auto, and energy stocks led gains; IT shares lagged.
* Nifty faces resistance at 24,950; support seen at 24,530.

Sensex and Nifty rebounded over 1% on Thursday, breaking recent losing streaks amid global market recovery and easing West Asia tensions. Analysts warn market structure remains weak, with resistance at 25,000 and support at 24,530–24,300.

shorts/business/markets-are-still-sell-on-rise-despite-today-s-surge-says-analyst-here-s-a-level-for-long-only-investors

* Sensex and Nifty rebounded over 1 percent.
* Metal, auto, and energy stocks led gains; IT shares lagged.
* Nifty faces resistance at 24,950; support seen at 24,530.

The benchmark equity indices Sensex and Nifty rebounded on Thursday, settling more than 1 percent higher, in line with a recovery in global markets after recent losses linked to tensions in West Asia. The indices recovered sharply amid signs of possible de-escalation in the conflict.

Snapping its four-day losing streak, the Sensex jumped 899.71 points or 1.14 percent to settle at 80,015.90. During the day, it surged 1,187.64 points or 1.5 percent to touch 80,303.83.

The Nifty climbed 285.40 points or 1.17 percent to close at 24,765.90, breaking a three-day decline.

However, analysts said the broader market structure remains weak.

Rupak De, Senior Technical Analyst at LKP Securities, said the “sell on rise” strategy remains valid for the market despite Thursday’s gains.

"The ‘sell on rise’ approach remains valid until the Nifty decisively moves above 25,000," he said.

"The overall chart structure has not changed materially, as the index continues to trade well below the 200-day moving average as well as the former trendline support, which now acts as resistance. On the RSI, an initial sign of positive divergence is visible; however, it is not yet confirmed, keeping momentum uncertainties intact. On the downside, support is placed at 24,530 and 24,300. On the upside, resistance is seen at 24,850 and 25,000," he added.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said the 24,550–24,530 zone will act as an important support level for the index.

"On the upside, the 24,920–24,950 zone will act as a stiff resistance. Any sustained move above 24,950 could extend the pullback rally towards the 25,100 level," he said.

Sector-wise, buying was largely seen across the board. Metal, auto and energy stocks were among the key gainers, while IT shares traded subdued, limiting the overall momentum.

In the broader market, midcap and smallcap indices advanced about 1.5 percent each, offering some relief after the recent decline.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Markets are still 'sell on rise' despite today's surge, says analyst; here's a level for long-only investors

The benchmark equity indices Sensex and Nifty rebounded on Thursday, settling more than 1 percent higher, in line with a recovery in global markets after recent losses linked to tensions in West Asia. The indices recovered sharply amid signs of possible de-escalation in the conflict.

Snapping its four-day losing streak, the Sensex jumped 899.71 points or 1.14 percent to settle at 80,015.90. During the day, it surged 1,187.64 points or 1.5 percent to touch 80,303.83.

The Nifty climbed 285.40 points or 1.17 percent to close at 24,765.90, breaking a three-day decline.

However, analysts said the broader market structure remains weak.

Rupak De, Senior Technical Analyst at LKP Securities, said the “sell on rise” strategy remains valid for the market despite Thursday’s gains.

&quot;The ‘sell on rise’ approach remains valid until the Nifty decisively moves above 25,000,&quot; he said.

&quot;The overall chart structure has not changed materially, as the index continues to trade well below the 200-day moving average as well as the former trendline support, which now acts as resistance. On the RSI, an initial sign of positive divergence is visible; however, it is not yet confirmed, keeping momentum uncertainties intact. On the downside, support is placed at 24,530 and 24,300. On the upside, resistance is seen at 24,850 and 25,000,&quot; he added.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said the 24,550–24,530 zone will act as an important support level for the index.

&quot;On the upside, the 24,920–24,950 zone will act as a stiff resistance. Any sustained move above 24,950 could extend the pullback rally towards the 25,100 level,&quot; he said.

Sector-wise, buying was largely seen across the board. Metal, auto and energy stocks were among the key gainers, while IT shares traded subdued, limiting the overall momentum.

In the broader market, midcap and smallcap indices advanced about 1.5 percent each, offering some relief after the recent decline.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Live: Nifty snaps 3-day losing streak as markets shake off war jitters | Closing Bell

Sensex and Nifty trimmed early gains amid late selling pressure., FII outflows and higher crude prices weighed on market sentiment., Profit booking in IT, FMCG, and banking stocks led to declines.

* Sensex and Nifty trimmed early gains amid late selling pressure.
* FII outflows and higher crude prices weighed on market sentiment.
* Profit booking in IT, FMCG, and banking stocks led to declines.

Sensex and Nifty pared early gains amid last-hour selling, closing near 79,312 and 24,550. Declines were driven by profit booking, persistent foreign fund outflows, and rising crude prices. Hindalco and Coal India led gains; HDFC Life and SBI Life lagged.

shorts/business/sensex-falls-200-pts-from-day-s-high-nifty-below-24-600-3-key-reasons-behind-market-paring-gains

* Sensex and Nifty trimmed early gains amid late selling pressure.
* FII outflows and higher crude prices weighed on market sentiment.
* Profit booking in IT, FMCG, and banking stocks led to declines.

The benchmark equity indices pared early gains on Thursday, with the Sensex slipping over 350 points from the day’s high and the Nifty trading near the 24,550 level amid last one-hour selling pressure due to profit booking and persistent foreign fund outflows.

After a firm start, the Sensex had jumped 564.47 points or 0.71 percent to touch an intraday high of 79,680.66 in early trade. The broader Nifty also advanced to 24,672.80, up 192.30 points or 0.78 percent.

However, the rally lost steam as the session progressed.

At around 2.15 pm, the Sensex was trading 196.66 points or 0.25 percent higher at 79,312.84. The Nifty was up 70.05 points or 0.29 percent at 24,550.55, after slipping below the 24,600 mark earlier in the afternoon.

<a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/hdfclifeinsurancecompany/HSL01">HDFC Life Insurance Company</a>, SBI Life Insurance Company and Hindustan Unilever were among the major laggards in the Nifty50 pack, declining up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI">Hindalco Industries</a> and Coal India were among the top gainers, rising up to 6 percent. Market breadth was positive as about 2038 shares advanced, 1792 shares declined and 138 shares unchanged.
<h3>Key factors behind market decline from day’s high</h3>
1) FII selling: Foreign Institutional Investors (FIIs) continued to remain net sellers in the Indian equity market. On Wednesday, FIIs offloaded equities worth Rs 8,752.65 crore. So far this month, foreign investors have sold shares worth moer than Rs 12,000 crore in Indian equities. Persistent selling by overseas investors tends to weigh on market sentiment and often leads to volatility in benchmark indices.

2) Higher crude prices: Global energy markets remained under pressure amid tensions in the Persian Gulf, raising concerns over disruption in oil and natural gas shipments. Brent crude, the global oil benchmark, rose 2.86 percent to USD 83.73 per barrel. Higher crude prices are seen as negative for India, which imports the bulk of its oil requirement.
<h3><a href="https://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-today-live-updates-2-liveblog-13850940.html" target="_blank">Stock Market Live Updates</a></h3>
3) Profit booking: The investors booked profits in select sectors after the early rally. Selling was seen in information technology (IT), FMCG and banking stocks, which contributed to the indices trimming their gains.
<h3>Technical view</h3>
Anand James, Chief Market Strategist at Geojit Investments Limited, said the market saw sharp swings during recovery attempts.

"While wild swings amidst recovery attempts unfolded on expected lines, the hammering in the closing hour, shortly after filling the gap, takes away some upside momentum. The subsequent close near 24,450 lends a positive bias nevertheless," he said. According to him, the Nifty could see resistance around 24,625 and 24,840 levels, while a slip below 24,370 may open the possibility of a move towards 24,000–23,550. "A collapse is less expected today though," he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sensex falls 350 pts from day's high, Nifty near 24,550: Key reasons behind market paring gains

The benchmark equity indices pared early gains on Thursday, with the Sensex slipping over 350 points from the day’s high and the Nifty trading near the 24,550 level amid last one-hour selling pressure due to profit booking and persistent foreign fund outflows.

After a firm start, the Sensex had jumped 564.47 points or 0.71 percent to touch an intraday high of 79,680.66 in early trade. The broader Nifty also advanced to 24,672.80, up 192.30 points or 0.78 percent.

However, the rally lost steam as the session progressed.

At around 2.15 pm, the Sensex was trading 196.66 points or 0.25 percent higher at 79,312.84. The Nifty was up 70.05 points or 0.29 percent at 24,550.55, after slipping below the 24,600 mark earlier in the afternoon.

HDFC Life Insurance Company, SBI Life Insurance Company and Hindustan Unilever were among the major laggards in the Nifty50 pack, declining up to 2 percent, while Hindalco Industries and Coal India were among the top gainers, rising up to 6 percent. Market breadth was positive as about 2038 shares advanced, 1792 shares declined and 138 shares unchanged.
Key factors behind market decline from day’s high
1) FII selling: Foreign Institutional Investors (FIIs) continued to remain net sellers in the Indian equity market. On Wednesday, FIIs offloaded equities worth Rs 8,752.65 crore. So far this month, foreign investors have sold shares worth moer than Rs 12,000 crore in Indian equities. Persistent selling by overseas investors tends to weigh on market sentiment and often leads to volatility in benchmark indices.

2) Higher crude prices: Global energy markets remained under pressure amid tensions in the Persian Gulf, raising concerns over disruption in oil and natural gas shipments. Brent crude, the global oil benchmark, rose 2.86 percent to USD 83.73 per barrel. Higher crude prices are seen as negative for India, which imports the bulk of its oil requirement.
Stock Market Live Updates
3) Profit booking: The investors booked profits in select sectors after the early rally. Selling was seen in information technology (IT), FMCG and banking stocks, which contributed to the indices trimming their gains.
Technical view
Anand James, Chief Market Strategist at Geojit Investments Limited, said the market saw sharp swings during recovery attempts.

&quot;While wild swings amidst recovery attempts unfolded on expected lines, the hammering in the closing hour, shortly after filling the gap, takes away some upside momentum. The subsequent close near 24,450 lends a positive bias nevertheless,&quot; he said. According to him, the Nifty could see resistance around 24,625 and 24,840 levels, while a slip below 24,370 may open the possibility of a move towards 24,000–23,550. &quot;A collapse is less expected today though,&quot; he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Stay selective, no room for heroics in this market, Remain cautious on aviation, OMCs, crude-sensitive discretionary plays, In  worst-case scenario, another 5% correction possible from current levels

* Stay selective, no room for heroics in this market
* Remain cautious on aviation, OMCs, crude-sensitive discretionary plays
* In  worst-case scenario, another 5% correction possible from current levels

shorts/business/daily-voice-stay-selective-no-room-for-heroics-in-this-market-bhautik-ambani-of-alpha-grep-recommends-asset-allocation-shift-amid-us-iran-tensions

* Stay selective, no room for heroics in this market
* Remain cautious on aviation, OMCs, crude-sensitive discretionary plays
* In  worst-case scenario, another 5% correction possible from current levels

“This is not the time to be heroic. It’s a time to be selective in sectors,” said Bhautik Ambani, CEO and Associate Director at Alpha Grep, in an interview with Moneycontrol.

He believes energy stocks provide a natural hedge if oil prices remain strong. “Defence continues to have structural visibility. Pharma offers stability when uncertainty rises,” said Ambani, adding that he would remain cautious on aviation, oil marketing companies, and crude-sensitive discretionary plays.

Following the recent geopolitical tensions, he noted that the firm’s proprietary multi-asset framework has already turned more conservative. “Right now, it indicates roughly 25 percent allocation to equities, about 30 percent to gold, and the remaining 45 percent to fixed income. When volatility rises, survival and discipline matter more than chasing returns.”

Do you see a strong possibility of escalating tensions or a war-like situation in the Middle East based on the current developments in the region, even though the situation remains unpredictable, especially considering President Trump’s stance and decision-making style?

I think we have to acknowledge that this is no longer routine geopolitical noise. It’s a serious escalation, and for India the issue is very simple — oil.

If crude stays elevated for even a few weeks, it hits us immediately through inflation, the rupee, and the current account. We don’t need a prolonged war for this to hurt — sustained high oil itself is enough.

On the Trump factor — unpredictability adds volatility. Sudden decisions, especially around geopolitics or trade, can move markets overnight. But for Indian equities, oil and global liquidity will matter more than personalities over time.

Markets generally tend to price in developments well in advance, as reflected by the recovery of nearly half the losses on March 2. In a worst-case scenario, do you expect another 5 percent correction from current levels?

Yes, that’s very possible.

The bounce we’ve seen feels more like a pause than a clear bottom. Markets have reacted to the headlines, but they haven’t fully adjusted to what sustained high oil or continued FII selling could mean.

In phases like this, sentiment and liquidity dominate. If uncertainty persists, markets can easily drift lower before finding stability. That’s just how risk-off environments behave.

Do you believe President Trump is currently the biggest risk factor for equity markets, given his sudden and often unexpected policy decisions?

In the short term, US policy unpredictability is definitely a volatility trigger. For us, that shows up through oil, a stronger dollar, and foreign flows.

But I wouldn’t say that’s the only risk. AI disruption is a serious structural factor as well — especially for India given how large IT is in our index. The market is still figuring out how AI reshapes traditional services models.

So near term, geopolitics is driving volatility. Structurally, AI and global liquidity cycles are equally important.

The impact of the US-Iran tensions was visible across sectors. In this market correction, which sectors or themes would you consider attractive for buying?

This is not the time to be heroic. It’s a time to be selective.

Energy names provide a natural hedge if oil stays strong. Defence continues to have structural visibility. Pharma offers stability when uncertainty rises.

I would be careful with aviation, oil marketing companies, and crude-sensitive discretionary plays — margins get squeezed quickly when oil moves up.

How should investors allocate across asset classes to maintain a balanced and healthy portfolio amid geopolitical tensions such as those in the Middle East?

In this kind of environment, asset allocation matters more than stock picking.

Our proprietary multi-asset framework has already turned more conservative. Right now, it’s indicating roughly 25% in equities, about 30% in gold, and the balance — around 45% — in fixed income.

The higher gold allocation reflects geopolitical and currency uncertainty. Fixed income provides stability and flexibility. Equities are still there, but at a measured level.

When volatility rises, survival and discipline matter more than chasing returns.

Do IT services stocks look attractive for investment following the AI disruption–led correction? Or would it be prudent to wait for clearer evidence of AI’s impact on earnings before investing in the sector?

I would say — be patient.

IT is facing two challenges at the same time: global macro uncertainty and AI reshaping the revenue model. Valuations have corrected meaningfully, especially in large caps, but earnings clarity is still evolving.

Instead of trying to catch the exact bottom, a gradual approach makes more sense — build exposure slowly as companies demonstrate how they are adapting.

Do you see clear visibility of an earnings rebound in the coming quarters? If so, is the expected earnings growth likely to be broad-based or concentrated in a few sectors?

It’s visible — but selective.

Private banks, defence, and parts of manufacturing look relatively steady. But if oil remains elevated, consumption and discretionary sectors may struggle.

For a broad-based rebound, we need oil to stabilise and inflation to remain under control. If that happens, the recovery can widen over the next few quarters. If not, earnings growth will stay concentrated.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: Stay selective, no room for heroics in this market; Bhautik Ambani of Alpha Grep recommends asset allocation shift amid US-Iran tensions

“This is not the time to be heroic. It’s a time to be selective in sectors,” said Bhautik Ambani, CEO and Associate Director at Alpha Grep, in an interview with Moneycontrol.

He believes energy stocks provide a natural hedge if oil prices remain strong. “Defence continues to have structural visibility. Pharma offers stability when uncertainty rises,” said Ambani, adding that he would remain cautious on aviation, oil marketing companies, and crude-sensitive discretionary plays.

Following the recent geopolitical tensions, he noted that the firm’s proprietary multi-asset framework has already turned more conservative. “Right now, it indicates roughly 25 percent allocation to equities, about 30 percent to gold, and the remaining 45 percent to fixed income. When volatility rises, survival and discipline matter more than chasing returns.”

Do you see a strong possibility of escalating tensions or a war-like situation in the Middle East based on the current developments in the region, even though the situation remains unpredictable, especially considering President Trump’s stance and decision-making style?

I think we have to acknowledge that this is no longer routine geopolitical noise. It’s a serious escalation, and for India the issue is very simple — oil.

If crude stays elevated for even a few weeks, it hits us immediately through inflation, the rupee, and the current account. We don’t need a prolonged war for this to hurt — sustained high oil itself is enough.

On the Trump factor — unpredictability adds volatility. Sudden decisions, especially around geopolitics or trade, can move markets overnight. But for Indian equities, oil and global liquidity will matter more than personalities over time.

Markets generally tend to price in developments well in advance, as reflected by the recovery of nearly half the losses on March 2. In a worst-case scenario, do you expect another 5 percent correction from current levels?

Yes, that’s very possible.

The bounce we’ve seen feels more like a pause than a clear bottom. Markets have reacted to the headlines, but they haven’t fully adjusted to what sustained high oil or continued FII selling could mean.

In phases like this, sentiment and liquidity dominate. If uncertainty persists, markets can easily drift lower before finding stability. That’s just how risk-off environments behave.

Do you believe President Trump is currently the biggest risk factor for equity markets, given his sudden and often unexpected policy decisions?

In the short term, US policy unpredictability is definitely a volatility trigger. For us, that shows up through oil, a stronger dollar, and foreign flows.

But I wouldn’t say that’s the only risk. AI disruption is a serious structural factor as well — especially for India given how large IT is in our index. The market is still figuring out how AI reshapes traditional services models.

So near term, geopolitics is driving volatility. Structurally, AI and global liquidity cycles are equally important.

The impact of the US-Iran tensions was visible across sectors. In this market correction, which sectors or themes would you consider attractive for buying?

This is not the time to be heroic. It’s a time to be selective.

Energy names provide a natural hedge if oil stays strong. Defence continues to have structural visibility. Pharma offers stability when uncertainty rises.

I would be careful with aviation, oil marketing companies, and crude-sensitive discretionary plays — margins get squeezed quickly when oil moves up.

How should investors allocate across asset classes to maintain a balanced and healthy portfolio amid geopolitical tensions such as those in the Middle East?

In this kind of environment, asset allocation matters more than stock picking.

Our proprietary multi-asset framework has already turned more conservative. Right now, it’s indicating roughly 25% in equities, about 30% in gold, and the balance — around 45% — in fixed income.

The higher gold allocation reflects geopolitical and currency uncertainty. Fixed income provides stability and flexibility. Equities are still there, but at a measured level.

When volatility rises, survival and discipline matter more than chasing returns.

Do IT services stocks look attractive for investment following the AI disruption–led correction? Or would it be prudent to wait for clearer evidence of AI’s impact on earnings before investing in the sector?

I would say — be patient.

IT is facing two challenges at the same time: global macro uncertainty and AI reshaping the revenue model. Valuations have corrected meaningfully, especially in large caps, but earnings clarity is still evolving.

Instead of trying to catch the exact bottom, a gradual approach makes more sense — build exposure slowly as companies demonstrate how they are adapting.

Do you see clear visibility of an earnings rebound in the coming quarters? If so, is the expected earnings growth likely to be broad-based or concentrated in a few sectors?

It’s visible — but selective.

Private banks, defence, and parts of manufacturing look relatively steady. But if oil remains elevated, consumption and discretionary sectors may struggle.

For a broad-based rebound, we need oil to stabilise and inflation to remain under control. If that happens, the recovery can widen over the next few quarters. If not, earnings growth will stay concentrated.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Sensex and Nifty rebound after three days of losses., Reliance, SBI, and HDFC Bank lead gains in Nifty pack., India VIX drops 10 percent, easing market volatility.

* Sensex and Nifty rebound after three days of losses.
* Reliance, SBI, and HDFC Bank lead gains in Nifty pack.
* India VIX drops 10 percent, easing market volatility.

Sensex and Nifty rebounded after a three-day slump, rising 0.6% and 0.64% respectively, driven by value buying, positive global cues, a drop in India VIX, rupee recovery, and gains in oil and gas stocks. Most sectoral indices traded higher except IT and FMCG.

shorts/business/sensex-rises-400-pts-nifty-above-25-550-value-buying-among-key-factors-behind-market-rise

* Sensex and Nifty rebound after three days of losses.
* Reliance, SBI, and HDFC Bank lead gains in Nifty pack.
* India VIX drops 10 percent, easing market volatility.

The benchmark stock indices Sensex and Nifty rebounded by more than 1 percent on Thursday, in line with a rebound in global equities after recent sharp losses due to the conflict in West Asia. The two indices had fallen around 4 percent each in the previous three sessions.

Snapping its four-day decline, the Sensex rebounded 899.71 points or 1.14 percent to settle at 80,015.90. During the day, it surged 1,187.64 points or 1.5 percent to 80,303.83. The Nifty climbed 285.40 points or 1.17 percent to end at 24,765.90, ending its three-day falling streak.

<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI">Reliance Industries</a>, State Bank of India and HDFC Bank were among the top gainers in the Nifty pack, rising up to 3 percent. On the other hand, <a href="https://www.moneycontrol.com/india/stockpricequote/plantations-teacoffee/tataconsumerproducts/TT">Tata Consumer Products</a> and Nestle India were among the laggards, declining up to 1 percent.
<h3>Key factors behind market rise</h3>
1) Value buying: Value buying emerged after the recent sell-off, with investors picking up stocks in sectors such as realty, metal, Oil and Gas and auto at lower levels. Buying was also seen in heavyweights, including Reliance Industries. Shares of Reliance Industries climbed about 3 percent after falling nearly 4.5 percent in the previous three sessions.

"From the market perspective, the problem with an ongoing war is that sudden developments like attacks on oil facilities can impact markets. If crude spikes, the market will be affected. On the other hand, a couple of days of smooth oil trade can trigger risk-on sentiment and facilitate a market rebound," said V K Vijayakumar, Chief Investment Strategist at Geojit Investments.

"It is important to note that India outperformed yesterday with only a 1.5 percent cut in the Nifty compared to the 12.1 percent crash in South Korea’s Kospi. Markets which did well this year like the South Korean market are facing huge volatility triggered by profit booking," he added.

According to Vijayakumar, volatility linked to news and events may continue in the near term.

"This will give opportunities to investors to slowly accumulate high-quality stocks and wait with patience. Perhaps emotional intelligence is more important now than financial acumen," he said.

2) Positive global cues: Asian markets also supported sentiment. South Korea’s Kospi rebounded sharply and jumped about 10 percent. Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng were also trading higher. US markets ended in positive territory on Wednesday.

The gains followed overnight strength on Wall Street after reports that Iran had signalled openness to talks to end the war. Comments by US President Donald Trump aimed at stabilising oil markets also helped ease investor concerns.

"On the global front, US markets ended the previous session on a firm note, while South Korea’s Kospi index is trading sharply higher, gaining more than 10 per cent, offering some supportive external cues," Ponmudi R, CEO of Enrich Money told PTI.

3) India VIX declines: The India VIX, often referred to as the market’s fear gauge, declined nearly 10 percent to 19.04. The index measures expected market volatility, and a decline generally indicates easing investor anxiety and improving market sentiment.

4) Rupee recovers: The rupee recovered from its recent lows and rose 48 paise to 91.57 against the US dollar, supported by gains in domestic equities. At the interbank foreign exchange market, the rupee opened at 92.16 and touched a high of 91.30 before trading at 91.57 against the American currency, up 48 paise from its previous close.

However, forex analysts said higher crude oil prices, a stronger US dollar and continued foreign fund outflows amid escalating tensions in the Middle East continued to weigh on the local currency.

5) Oil &amp; gas stocks gain: Buying in energy stocks also supported the market. Shares of Reliance Industries and upstream companies such as ONGC and Oil India pushed the oil and gas index higher by about 2 percent.
<h3>Technical view</h3>
Anand James, Chief Market Strategist at Geojit Investments Limited, said the market saw sharp swings during recovery attempts.

"While wild swings amidst recovery attempts unfolded on expected lines, the hammering in the closing hour, shortly after filling the gap, takes away some upside momentum. The subsequent close near 24,450 lends a positive bias nevertheless," he said. According to him, the Nifty could see resistance around 24,625 and 24,840 levels, while a slip below 24,370 may open the possibility of a move towards 24,000–23,550. "A collapse is less expected today though," he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Bulls strike after 3 days: Sensex settles 900 pts higher, Nifty ends above 24,750; key factors behind market surge

The benchmark stock indices Sensex and Nifty rebounded by more than 1 percent on Thursday, in line with a rebound in global equities after recent sharp losses due to the conflict in West Asia. The two indices had fallen around 4 percent each in the previous three sessions.

Snapping its four-day decline, the Sensex rebounded 899.71 points or 1.14 percent to settle at 80,015.90. During the day, it surged 1,187.64 points or 1.5 percent to 80,303.83. The Nifty climbed 285.40 points or 1.17 percent to end at 24,765.90, ending its three-day falling streak.

Reliance Industries, State Bank of India and HDFC Bank were among the top gainers in the Nifty pack, rising up to 3 percent. On the other hand, Tata Consumer Products and Nestle India were among the laggards, declining up to 1 percent.
Key factors behind market rise
1) Value buying: Value buying emerged after the recent sell-off, with investors picking up stocks in sectors such as realty, metal, Oil and Gas and auto at lower levels. Buying was also seen in heavyweights, including Reliance Industries. Shares of Reliance Industries climbed about 3 percent after falling nearly 4.5 percent in the previous three sessions.

&quot;From the market perspective, the problem with an ongoing war is that sudden developments like attacks on oil facilities can impact markets. If crude spikes, the market will be affected. On the other hand, a couple of days of smooth oil trade can trigger risk-on sentiment and facilitate a market rebound,&quot; said V K Vijayakumar, Chief Investment Strategist at Geojit Investments.

&quot;It is important to note that India outperformed yesterday with only a 1.5 percent cut in the Nifty compared to the 12.1 percent crash in South Korea’s Kospi. Markets which did well this year like the South Korean market are facing huge volatility triggered by profit booking,&quot; he added.

According to Vijayakumar, volatility linked to news and events may continue in the near term.

&quot;This will give opportunities to investors to slowly accumulate high-quality stocks and wait with patience. Perhaps emotional intelligence is more important now than financial acumen,&quot; he said.

2) Positive global cues: Asian markets also supported sentiment. South Korea’s Kospi rebounded sharply and jumped about 10 percent. Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng were also trading higher. US markets ended in positive territory on Wednesday.

The gains followed overnight strength on Wall Street after reports that Iran had signalled openness to talks to end the war. Comments by US President Donald Trump aimed at stabilising oil markets also helped ease investor concerns.

&quot;On the global front, US markets ended the previous session on a firm note, while South Korea’s Kospi index is trading sharply higher, gaining more than 10 per cent, offering some supportive external cues,&quot; Ponmudi R, CEO of Enrich Money told PTI.

3) India VIX declines: The India VIX, often referred to as the market’s fear gauge, declined nearly 10 percent to 19.04. The index measures expected market volatility, and a decline generally indicates easing investor anxiety and improving market sentiment.

4) Rupee recovers: The rupee recovered from its recent lows and rose 48 paise to 91.57 against the US dollar, supported by gains in domestic equities. At the interbank foreign exchange market, the rupee opened at 92.16 and touched a high of 91.30 before trading at 91.57 against the American currency, up 48 paise from its previous close.

However, forex analysts said higher crude oil prices, a stronger US dollar and continued foreign fund outflows amid escalating tensions in the Middle East continued to weigh on the local currency.

5) Oil &amp;amp; gas stocks gain: Buying in energy stocks also supported the market. Shares of Reliance Industries and upstream companies such as ONGC and Oil India pushed the oil and gas index higher by about 2 percent.
Technical view
Anand James, Chief Market Strategist at Geojit Investments Limited, said the market saw sharp swings during recovery attempts.

&quot;While wild swings amidst recovery attempts unfolded on expected lines, the hammering in the closing hour, shortly after filling the gap, takes away some upside momentum. The subsequent close near 24,450 lends a positive bias nevertheless,&quot; he said. According to him, the Nifty could see resistance around 24,625 and 24,840 levels, while a slip below 24,370 may open the possibility of a move towards 24,000–23,550. &quot;A collapse is less expected today though,&quot; he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

5 out of 9 years BSE 250 SMALLCAP has given positive returns in March.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	6,148.11	6,178.26	6,232.47	6,093.90	6,063.75	6,009.54	5,979.39
Fibonacci	6,126.13	6,146.03	6,178.26	6,093.90	6,061.67	6,041.77	6,009.54
Camarilla	6,125.69	6,133.43	6,141.16	6,093.90	6,110.23	6,102.49	6,094.76

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