NIFTY IND DIGITAL

Sensex and Nifty rebounded after two days of selling., Broader indices outperformed, with Midcap and Smallcap rising., Auto, Consumer Durables, and PSU Bank indices saw strong gains.

* Sensex and Nifty rebounded after two days of selling.
* Broader indices outperformed, with Midcap and Smallcap rising.
* Auto, Consumer Durables, and PSU Bank indices saw strong gains.

Indian benchmark indices rebounded on March 10 after US President Trump hinted at ending military operations in Iran, easing crude prices. Sensex rose 639.82 points, Nifty 233.55. Broader indices outperformed; most sectors gained except IT and oil & gas.

shorts/business/taking-stock-markets-rebound-on-hopes-of-de-escalation-nifty-above-24-250-sensex-up-640-pts

* Sensex and Nifty rebounded after two days of selling.
* Broader indices outperformed, with Midcap and Smallcap rising.
* Auto, Consumer Durables, and PSU Bank indices saw strong gains.

After two days of strong selling, the Indian benchmark indices witnessed a relief rally on March 10 amid hopes of geopolitical de-escalation after US President Donald Trump hinted that US military operations in Iran could be coming to an end, which led to a fall in crude oil prices.

At close, the Sensex was up 639.82 points or 0.82 percent at 78,205.98, and the Nifty was up 233.55 points or 0.97 percent at 24,261.60.

Broader indices outperformed the main indices with Nifty Midcap index adding 1.6 percent and Smallcap indices rising 2 percent.

The total market capitalisation of BSE-listed companies surged by Rs 6.5 lakh crore to Rs 447.59 lakh crore.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/retail-investors-and-mutual-funds-now-own-36-of-nifty-50-free-float-says-sebi-chief-13855369.html">Retail investors and mutual funds now own 36% of Nifty 50 free float, says SEBI chief</a>

Biggest Nifty gainers were Shriram Finance, Interglobe Aviation, Eicher Motors, Tata Motors Passenger Vehicle, M&amp;M, while losers included Infosys, Eternal, Bharti Airtel, ONGC, Reliance Industries.

Among sectors, except IT and oil &amp; gas all other indices ended in the green with Auto index rose 3 percent, Consumer Durables index added 2.6 percent, PSU Bank index rose 2.2 percent.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/geopolitical-shocks-trigger-sharp-market-corrections-followed-by-strong-rebounds-13855095.html">Geopolitical shocks trigger sharp market corrections followed by strong rebounds</a>

In stock specific, Dixon Technologies shares added 12% on government approval for HKC Overseas investment in display arm, Uno Minda shares rose 3% after Jefferies initiates 'buy' rating, Minda Corporation shares gained nearly 2% on signing JV agreement with Turntide Drives, Solex Energy shares surged 6% on capacity addition approval, Cyient shares gained 5% on strategic partnership with Prospecta.

Hinduja Global Solutions shares surged 9% after arm signs MoU with State Transformation Commission, UP, Marine Electricals (India) share price rose nearly 2% on orders win of Rs 27.21 crore, Borosil shares added 12% after board approves to set-up of a new manufacturing facility at Bharuch expansion of the production capacity at Jaipur plant, Ramco System shares rose 6.5% on selecting by Tata Advanced Systems.

Also Read - <a href="https://www.moneycontrol.com/news/business/personal-finance/oil-shock-market-slide-why-investors-shouldn-t-panic-during-corrections-13855158.html">Oil shock, market slide: Why investors shouldn’t panic during corrections</a>

More than 220 stocks touched their 52-week low, including Sapphire Foods, Jubilant Pharmova, TCS, Bajaj Holdings, Devyani International, Amara Raja, Bata India, Procter and Gamble Hygiene and Health Care, Gujarat Gas, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/india-silver-etfs-see-first-net-outflow-in-28-months-in-february-13855890.html">India silver ETFs see first net outflow in 28 months in February</a>

Outlook for March 11

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty staged a decent recovery and ended the day with gains after a volatile session. However, the index appears to be approaching a resistance zone, and the 24300–24350 range could act as an area where sellers may look to re-enter the market.

Overall, the sell-on-rise scenario is likely to persist. On the downside, immediate support is placed at 24150; a break below this level could trigger renewed selling pressure. If the index slips below 24150, it may decline further towards 23800.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Tuesday, the benchmark index Nifty opened with a gap up as global crude oil prices corrected sharply after briefly touching a high of $116.19 per barrel. Post the positive opening, the Nifty slipped to an intraday low of 24080, but the index then moved into a steady upward trajectory, indicating renewed buying participation. It eventually closed at 24261.60, registering a gain of nearly 1%. The daily chart shows a small bodied candle with a long lower shadow, highlighting demand at lower levels. The daily RSI also saw a mild rebound, reflecting stabilisation in momentum after recent volatility.

Going ahead, the zone of 24370-24400 will act as an important hurdle for the index. Any sustainable move above 24400 will lead to extension of pullback rally upto the 24650 level. On the downside, the 24160–24130 zone will act as immediate support for the index.

Disclaimer: The views and investment tips expressed by 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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Taking Stock: Markets rebound on hopes of de-escalation; Nifty above 24,250, Sensex up 640 pts

After two days of strong selling, the Indian benchmark indices witnessed a relief rally on March 10 amid hopes of geopolitical de-escalation after US President Donald Trump hinted that US military operations in Iran could be coming to an end, which led to a fall in crude oil prices.

At close, the Sensex was up 639.82 points or 0.82 percent at 78,205.98, and the Nifty was up 233.55 points or 0.97 percent at 24,261.60.

Broader indices outperformed the main indices with Nifty Midcap index adding 1.6 percent and Smallcap indices rising 2 percent.

The total market capitalisation of BSE-listed companies surged by Rs 6.5 lakh crore to Rs 447.59 lakh crore.

Also Read - Retail investors and mutual funds now own 36% of Nifty 50 free float, says SEBI chief

Biggest Nifty gainers were Shriram Finance, Interglobe Aviation, Eicher Motors, Tata Motors Passenger Vehicle, M&amp;amp;M, while losers included Infosys, Eternal, Bharti Airtel, ONGC, Reliance Industries.

Among sectors, except IT and oil &amp;amp; gas all other indices ended in the green with Auto index rose 3 percent, Consumer Durables index added 2.6 percent, PSU Bank index rose 2.2 percent.

Also Read - Geopolitical shocks trigger sharp market corrections followed by strong rebounds

In stock specific, Dixon Technologies shares added 12% on government approval for HKC Overseas investment in display arm, Uno Minda shares rose 3% after Jefferies initiates 'buy' rating, Minda Corporation shares gained nearly 2% on signing JV agreement with Turntide Drives, Solex Energy shares surged 6% on capacity addition approval, Cyient shares gained 5% on strategic partnership with Prospecta.

Hinduja Global Solutions shares surged 9% after arm signs MoU with State Transformation Commission, UP, Marine Electricals (India) share price rose nearly 2% on orders win of Rs 27.21 crore, Borosil shares added 12% after board approves to set-up of a new manufacturing facility at Bharuch expansion of the production capacity at Jaipur plant, Ramco System shares rose 6.5% on selecting by Tata Advanced Systems.

Also Read - Oil shock, market slide: Why investors shouldn’t panic during corrections

More than 220 stocks touched their 52-week low, including Sapphire Foods, Jubilant Pharmova, TCS, Bajaj Holdings, Devyani International, Amara Raja, Bata India, Procter and Gamble Hygiene and Health Care, Gujarat Gas, among others. Click to View More

Also Read - India silver ETFs see first net outflow in 28 months in February

Outlook for March 11

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty staged a decent recovery and ended the day with gains after a volatile session. However, the index appears to be approaching a resistance zone, and the 24300–24350 range could act as an area where sellers may look to re-enter the market.

Overall, the sell-on-rise scenario is likely to persist. On the downside, immediate support is placed at 24150; a break below this level could trigger renewed selling pressure. If the index slips below 24150, it may decline further towards 23800.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Tuesday, the benchmark index Nifty opened with a gap up as global crude oil prices corrected sharply after briefly touching a high of $116.19 per barrel. Post the positive opening, the Nifty slipped to an intraday low of 24080, but the index then moved into a steady upward trajectory, indicating renewed buying participation. It eventually closed at 24261.60, registering a gain of nearly 1%. The daily chart shows a small bodied candle with a long lower shadow, highlighting demand at lower levels. The daily RSI also saw a mild rebound, reflecting stabilisation in momentum after recent volatility.

Going ahead, the zone of 24370-24400 will act as an important hurdle for the index. Any sustainable move above 24400 will lead to extension of pullback rally upto the 24650 level. On the downside, the 24160–24130 zone will act as immediate support for the index.

Disclaimer: The views and investment tips expressed by 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 2-day losing streak, above 24,200; India VIX cools | Closing Bell

Sensex fell 450 points from day's high amid profit booking in IT., IT shares fell; Coforge and Infosys down over 1%., FIIs continued selling, offloading Rs 6,345 crore on Monday.

* Sensex fell 450 points from day's high amid profit booking in IT.
* IT shares fell; Coforge and Infosys down over 1%.
* FIIs continued selling, offloading Rs 6,345 crore on Monday.

Sensex and Nifty pared early gains amid profit booking in IT shares and continued foreign fund outflows. Markets remained volatile due to Nifty expiry. Technical analysis suggests resistance near 24,300–24,370, with potential upside if breached.

shorts/business/sensex-falls-450-pts-from-day-s-high-nifty-near-24-200-3-key-reasons-behind-market-paring-gains

* Sensex fell 450 points from day's high amid profit booking in IT.
* IT shares fell; Coforge and Infosys down over 1%.
* FIIs continued selling, offloading Rs 6,345 crore on Monday.

The benchmark equity indices pared a part of their early gains in afternoon trade on Tuesday, with the Sensex falling about 450 points from the day’s high amid profit booking in IT shares and continued foreign fund outflows.

The Sensex had jumped 960.09 points or 1.23 percent to an intraday high of 78,526.25 in early trade. The broader Nifty rose 275.75 points or 1.14 percent to 24,303.80.

However, the indices gave up some gains post-noon.

At around 1:30 pm, the Sensex was trading at 78,063.99, still up 497.84 points or 0.64 percent. The Nifty quoted 194.60 points higher at 24,222.65, up 0.81 percent.
<h3>Reasons behind market pullback</h3>
1) Profit taking: Profit booking in information technology (IT) shares weighed on the market after two sessions of gains. The IT index was down up to 1 percent, with <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/coforge/NII02">Coforge</a> falling 2.17 percent and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> declining 1.7 percent, respectively.

2) Nifty expiry: Markets also remained volatile on the weekly expiry of Nifty derivatives contracts.

3) FII selling: The foreign institutional investors (FIIs) continued to remain net sellers. According to exchange data, foreign institutional investors offloaded equities worth Rs 6,345.57 crore on Monday and have been net sellers so far in March.
<h3>Technical view</h3>
According to Anand James of Geojit Investments, the recovery seen after the market held above the opening lows and closed above the 24,000 mark in the previous session has revived hopes of further upside.

He said the immediate rise could face resistance in the 24,300–24,370 range, followed by consolidation or mild dips. A decisive move above this zone could open the way towards the 25,000 level.

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 450 pts from day's high, Nifty near 24,200: 3 key reasons behind market paring gains

The benchmark equity indices pared a part of their early gains in afternoon trade on Tuesday, with the Sensex falling about 450 points from the day’s high amid profit booking in IT shares and continued foreign fund outflows.

The Sensex had jumped 960.09 points or 1.23 percent to an intraday high of 78,526.25 in early trade. The broader Nifty rose 275.75 points or 1.14 percent to 24,303.80.

However, the indices gave up some gains post-noon.

At around 1:30 pm, the Sensex was trading at 78,063.99, still up 497.84 points or 0.64 percent. The Nifty quoted 194.60 points higher at 24,222.65, up 0.81 percent.
Reasons behind market pullback
1) Profit taking: Profit booking in information technology (IT) shares weighed on the market after two sessions of gains. The IT index was down up to 1 percent, with Coforge falling 2.17 percent and Infosys declining 1.7 percent, respectively.

2) Nifty expiry: Markets also remained volatile on the weekly expiry of Nifty derivatives contracts.

3) FII selling: The foreign institutional investors (FIIs) continued to remain net sellers. According to exchange data, foreign institutional investors offloaded equities worth Rs 6,345.57 crore on Monday and have been net sellers so far in March.
Technical view
According to Anand James of Geojit Investments, the recovery seen after the market held above the opening lows and closed above the 24,000 mark in the previous session has revived hopes of further upside.

He said the immediate rise could face resistance in the 24,300–24,370 range, followed by consolidation or mild dips. A decisive move above this zone could open the way towards the 25,000 level.

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.

India VIX fell 14 percent to 19.99 as oil prices retreated., Sensex jumped 557 points, Nifty rose 179 points on Tuesday., Market hopes rise as tensions in West Asia may ease.

* India VIX fell 14 percent to 19.99 as oil prices retreated.
* Sensex jumped 557 points, Nifty rose 179 points on Tuesday.
* Market hopes rise as tensions in West Asia may ease.

India VIX dropped 14% to 19.99 as crude oil prices fell and global markets recovered, easing concerns over US-Israeli tensions with Iran. Sensex rose 557 points, Nifty gained 179 points, with experts seeing opportunities for long-term investors.

shorts/business/india-vix-recovers-sharply-after-surging-over-70-in-a-month-what-lies-ahead-for-markets

* India VIX fell 14 percent to 19.99 as oil prices retreated.
* Sensex jumped 557 points, Nifty rose 179 points on Tuesday.
* Market hopes rise as tensions in West Asia may ease.

The India VIX recovered sharply on Tuesday after having surged more than 70 percent over the past month.

The volatility index had earlier climbed to a 21-month high as crude oil prices crossed USD 100 per barrel, amid concerns over the expanding US-Israeli conflict with Iran and the risk of disruptions to global supplies.

However, the index declined 14 percent to 19.99 on Tuesday, tracking a fall in crude oil prices and a recovery in global markets on hopes that tensions in West Asia could ease.

India VIX measures the market’s expectation of volatility in the near term. A decline in the index typically indicates easing concerns among investors and an improvement in risk appetite.

Oil prices retreated on Tuesday after hitting their highest level in more than three years in the previous session. The fall came after US President Donald Trump said the war in the Middle East could end soon, easing worries over prolonged supply disruptions.

Market participants said the recent spike in volatility had been driven largely by geopolitical tensions and the sharp rise in oil prices.

Anand James, Chief Market Strategist at Geojit Investments, said the pullback in the market without slipping much beyond the opening lows and the subsequent close above 24,000 in the previous session had revived hopes of an upside.

He said a vertical rise during the day could be limited to the 24,300–24,370 range, followed by consolidation or minor dips. A direct move above this band, he added, could open the door for a rally towards 25,000.

Devarsh Vakil, Head of Prime Research at HDFC Securities, said the benchmark index had recovered strongly from the previous session’s lows.

"From yesterday’s early morning lows of 23,697, the index clawed back more than 300 points to end near its daily high. The 23,697 level now provides immediate support for the Nifty,” he said.

Vakil noted that the Nifty has declined nearly 2,000 points from its recent swing high in the past three weeks.

"Such sharp falls present a good opportunity for long-term investors with cash to deploy to keep accumulating quality investment ideas," he added.

In the broader market, the Sensex jumped 557.52 points, or 0.72 percent, to 78,123.67. The Nifty rose 179 points, or 0.74 percent, to 24,207.05.

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.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

India VIX falls sharply after surging over 70% in a month: What lies ahead for markets?

The India VIX recovered sharply on Tuesday after having surged more than 70 percent over the past month.

The volatility index had earlier climbed to a 21-month high as crude oil prices crossed USD 100 per barrel, amid concerns over the expanding US-Israeli conflict with Iran and the risk of disruptions to global supplies.

However, the index declined 14 percent to 19.99 on Tuesday, tracking a fall in crude oil prices and a recovery in global markets on hopes that tensions in West Asia could ease.

India VIX measures the market’s expectation of volatility in the near term. A decline in the index typically indicates easing concerns among investors and an improvement in risk appetite.

Oil prices retreated on Tuesday after hitting their highest level in more than three years in the previous session. The fall came after US President Donald Trump said the war in the Middle East could end soon, easing worries over prolonged supply disruptions.

Market participants said the recent spike in volatility had been driven largely by geopolitical tensions and the sharp rise in oil prices.

Anand James, Chief Market Strategist at Geojit Investments, said the pullback in the market without slipping much beyond the opening lows and the subsequent close above 24,000 in the previous session had revived hopes of an upside.

He said a vertical rise during the day could be limited to the 24,300–24,370 range, followed by consolidation or minor dips. A direct move above this band, he added, could open the door for a rally towards 25,000.

Devarsh Vakil, Head of Prime Research at HDFC Securities, said the benchmark index had recovered strongly from the previous session’s lows.

&quot;From yesterday’s early morning lows of 23,697, the index clawed back more than 300 points to end near its daily high. The 23,697 level now provides immediate support for the Nifty,” he said.

Vakil noted that the Nifty has declined nearly 2,000 points from its recent swing high in the past three weeks.

&quot;Such sharp falls present a good opportunity for long-term investors with cash to deploy to keep accumulating quality investment ideas,&quot; he added.

In the broader market, the Sensex jumped 557.52 points, or 0.72 percent, to 78,123.67. The Nifty rose 179 points, or 0.74 percent, to 24,207.05.

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 and Nifty rebounded after two days of steep losses., Decline in crude oil prices and global recovery boosted markets., India VIX fell 12%, indicating reduced investor worries.

* Sensex and Nifty rebounded after two days of steep losses.
* Decline in crude oil prices and global recovery boosted markets.
* India VIX fell 12%, indicating reduced investor worries.

Sensex and Nifty rebounded after steep losses, driven by falling crude oil prices and global market recovery amid hopes of easing West Asia conflict. Most sectors gained, market volatility dropped, and the rupee strengthened as investor sentiment improved.

shorts/business/sensex-up-400-pts-nifty-above-24-150-easing-crude-among-key-factors-behind-market-rise

* Sensex and Nifty rebounded after two days of steep losses.
* Decline in crude oil prices and global recovery boosted markets.
* India VIX fell 12%, indicating reduced investor worries.

The equity benchmark indices Sensex and Nifty rebounded by nearly 1 percent on Tuesday after two sessions of steep losses, tracking a decline in crude oil prices and recovery in global markets amid hopes that the conflict in West Asia could ease soon.

The Sensex jumped 639.82 points or 0.82 percent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 percent to 78,526.25. The Nifty climbed 233.55 points or 0.97 percent to end at 24,261.60.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-leasinghire-purchase/shriramfinance/STF">Shriram Finance</a>, InterGlobe Aviation and Dr. Reddy’s Laboratories were among the top gainers in the Nifty50 pack, rising up to 5 percent. <a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/oilnaturalgascorporation/ONG">Oil and Natural Gas Corporation</a> and Infosys were among the laggards, slipping up to 2 percent. Market breadth remained positive, with about 2,550 stocks advancing, 832 declining and 142 remaining unchanged.

Fourteen of the 16 major sectoral indices traded in the green, with IT and oil and gas being the only sectors in the red. The broader Nifty Midcap100 and Nifty Smallcap100 indices rose up to 1.5 percent.

The benchmarks had logged their sharpest fall in a month on Monday. The volatility index had surged to a 21-month high after crude oil prices crossed USD 100 per barrel amid concerns over the expanding US-Israeli conflict with Iran and the risk of global supply disruptions.
<h3>Key factors behind market rise</h3>
1) Crude oil declines: Oil prices retreated on Tuesday after hitting their highest level in more than three years in the previous session as US President Donald Trump said the war in the Middle East could end soon, easing concerns over prolonged disruptions to global supplies. Brent crude, the global oil benchmark, fell 5.18 percent to USD 93.83 per barrel.

Russian President Vladimir Putin also held a call with Trump and shared proposals aimed at a quick settlement to the Iran war, which helped calm supply concerns.

"The panic reaction in crude prices which took Brent crude to near USD 120 yesterday has seen a reversal this morning, plunging Brent crude to USD 89. This kind of extreme swing of near USD 30 in one day reflects the huge uncertainty surrounding the impact of the West Asian conflict on global crude supplies," said V K Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

"During a war, uncertainty reigns supreme and this is what we are witnessing now," he added.

2) Firm global cues: Asian markets rebounded sharply, with South Korea’s Kospi rising nearly 5 percent and Japan’s Nikkei 225 gaining 2.5 percent. China’s Shanghai SSE Composite and Hong Kong’s Hang Seng were also trading in positive territory.

In the US, major indices settled higher in the previous session. The Nasdaq gained 308 points or 1.4 percent to close at 22,695, the S&amp;P 500 rose 55 points or 0.8 percent to 6,795, and the Dow Jones Industrial Average advanced 239 points or 0.5 percent to 47,740.

"Comments from Donald Trump suggesting that the US–Israel conflict with Iran could conclude soon have triggered a decline in crude oil prices and the US dollar, helping restore risk appetite across global markets," Ponmudi R, CEO of Enrich Money told PTI.

"US equities closed the previous session in positive territory, while Asian markets are showing signs of recovery following the drop in oil prices, indicating a modest improvement in global sentiment," he added.
<h3><a href="https://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-live-updates-nifty50-share-price-crude-fii-gift-nifty-rupee-latest-updates-10-03-2026-liveblog-13855322.html" target="_blank">Stock Market Live Updates</a></h3>
3) India VIX declines: The India VIX, often referred to as the market’s fear gauge, dropped more than 12 percent to 20.48. The index measures expected volatility in the market over the near term, and a decline typically signals easing investor concerns and improved risk appetite.

4) Rupee rebounds: The rupee also recovered from its record low on Tuesday, rising 7 paise to 92.14 against the US dollar as global crude prices eased. A weaker dollar and a firm opening in domestic equities supported the local unit, though foreign fund outflows limited gains, forex traders said. At the interbank foreign exchange, the rupee opened at 91.92 before trading at 92.14, up 7 paise from its previous close.
<h3>Technical outlook:</h3>
According to Anand James, Chief Market Strategist at Geojit Investments, the recovery after holding above the opening lows and closing above the 24,000 mark in the previous session has revived hopes of further upside. He said the immediate rise could be capped in the 24,300–24,370 range, followed by consolidation or mild dips. A decisive move above this zone could open the way towards the 25,000 level.

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 settles nearly 650 pts higher, Nifty ends above 24,250: Easing crude prices among key factors behind market rise

The equity benchmark indices Sensex and Nifty rebounded by nearly 1 percent on Tuesday after two sessions of steep losses, tracking a decline in crude oil prices and recovery in global markets amid hopes that the conflict in West Asia could ease soon.

The Sensex jumped 639.82 points or 0.82 percent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 percent to 78,526.25. The Nifty climbed 233.55 points or 0.97 percent to end at 24,261.60.

Shriram Finance, InterGlobe Aviation and Dr. Reddy’s Laboratories were among the top gainers in the Nifty50 pack, rising up to 5 percent. Oil and Natural Gas Corporation and Infosys were among the laggards, slipping up to 2 percent. Market breadth remained positive, with about 2,550 stocks advancing, 832 declining and 142 remaining unchanged.

Fourteen of the 16 major sectoral indices traded in the green, with IT and oil and gas being the only sectors in the red. The broader Nifty Midcap100 and Nifty Smallcap100 indices rose up to 1.5 percent.

The benchmarks had logged their sharpest fall in a month on Monday. The volatility index had surged to a 21-month high after crude oil prices crossed USD 100 per barrel amid concerns over the expanding US-Israeli conflict with Iran and the risk of global supply disruptions.
Key factors behind market rise
1) Crude oil declines: Oil prices retreated on Tuesday after hitting their highest level in more than three years in the previous session as US President Donald Trump said the war in the Middle East could end soon, easing concerns over prolonged disruptions to global supplies. Brent crude, the global oil benchmark, fell 5.18 percent to USD 93.83 per barrel.

Russian President Vladimir Putin also held a call with Trump and shared proposals aimed at a quick settlement to the Iran war, which helped calm supply concerns.

&quot;The panic reaction in crude prices which took Brent crude to near USD 120 yesterday has seen a reversal this morning, plunging Brent crude to USD 89. This kind of extreme swing of near USD 30 in one day reflects the huge uncertainty surrounding the impact of the West Asian conflict on global crude supplies,&quot; said V K Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

&quot;During a war, uncertainty reigns supreme and this is what we are witnessing now,&quot; he added.

2) Firm global cues: Asian markets rebounded sharply, with South Korea’s Kospi rising nearly 5 percent and Japan’s Nikkei 225 gaining 2.5 percent. China’s Shanghai SSE Composite and Hong Kong’s Hang Seng were also trading in positive territory.

In the US, major indices settled higher in the previous session. The Nasdaq gained 308 points or 1.4 percent to close at 22,695, the S&amp;amp;P 500 rose 55 points or 0.8 percent to 6,795, and the Dow Jones Industrial Average advanced 239 points or 0.5 percent to 47,740.

&quot;Comments from Donald Trump suggesting that the US–Israel conflict with Iran could conclude soon have triggered a decline in crude oil prices and the US dollar, helping restore risk appetite across global markets,&quot; Ponmudi R, CEO of Enrich Money told PTI.

&quot;US equities closed the previous session in positive territory, while Asian markets are showing signs of recovery following the drop in oil prices, indicating a modest improvement in global sentiment,&quot; he added.
Stock Market Live Updates
3) India VIX declines: The India VIX, often referred to as the market’s fear gauge, dropped more than 12 percent to 20.48. The index measures expected volatility in the market over the near term, and a decline typically signals easing investor concerns and improved risk appetite.

4) Rupee rebounds: The rupee also recovered from its record low on Tuesday, rising 7 paise to 92.14 against the US dollar as global crude prices eased. A weaker dollar and a firm opening in domestic equities supported the local unit, though foreign fund outflows limited gains, forex traders said. At the interbank foreign exchange, the rupee opened at 91.92 before trading at 92.14, up 7 paise from its previous close.
Technical outlook:
According to Anand James, Chief Market Strategist at Geojit Investments, the recovery after holding above the opening lows and closing above the 24,000 mark in the previous session has revived hopes of further upside. He said the immediate rise could be capped in the 24,300–24,370 range, followed by consolidation or mild dips. A decisive move above this zone could open the way towards the 25,000 level.

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2 out of 5 years NIFTY IND DIGITAL has given negative returns in March.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	7,682.65	7,752.80	7,881.80	7,553.65	7,483.50	7,354.50	7,284.35
Fibonacci	7,629.73	7,676.72	7,752.80	7,553.65	7,477.57	7,430.58	7,354.50
Camarilla	7,630.76	7,649.01	7,667.27	7,553.65	7,594.24	7,575.99	7,557.73

INDEX CONTRIBUTION - NIFTY IND DIGITAL

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