The current Middle East crisis, if it persists over the next 3-4 months, will create a multi-year buying opportunity, said Mavenark's Phanisekhar Ponangi.
The Nifty 50 is likely to defend the 22,900 support (Thursday's low). Above this level, the possible resistance is placed at 23,200, followed by 23,500. However, below it, 22,700 cannot be ruled out.
The immediate crucial support for Nifty 50 at 22,900 is key to watch in the next few sessions, as a decisive fall below this level can increase the possibility of a downward move toward 22,700–22,500.
In the upcoming sessions, if it decisively breaks and closes below the 22,900 support level, selling pressure may intensify further toward 22,700 (78.6 percent Fibonacci retracement of the rally from the April 2025 low to the January 2026 high).
Indian markets are witnessing sharp selling pressure with the broader markets remaining firmly in the red. All major sectors are trading lower, led by steep declines in realty, financials, and auto stocks. The Nifty 50 has logged its sharpest fall since the Budget session, as weak global cues and heavy selling in HDFC Bank weigh on investor sentiment and trigger a broader market sell-off. #stockmarket #Sensex #Nifty #MarketCrash #DalalStreet
BSE-listed firms eroded a total market capitalization of more than Rs 12-lakh crore as markets plunge 2%.
Global markets are under pressure as rising geopolitical tensions and key policy signals shake investor sentiment. Israel’s strike on Iran’s largest gas facility and Tehran’s threat to target oil infrastructure across the Gulf have pushed Brent crude above $111, raising fresh supply concerns. Meanwhile, the US Federal Reserve has held rates steady at 3.5–3.75%, citing uncertainty from ongoing conflicts, while signaling a gradual path to rate cuts starting 2026. Wall Street saw sharp declines with the Dow plunging over 750 points, and Asian markets are tracking the weakness. Back home, HDFC Bank remains in focus following the Chairman’s resignation. Catch Surabhi Upadhyay with market experts decoding the impact of global cues, oil price surge, and what lies ahead for markets.
Sandeep Bagla of TRUST Mutual Fund believes West Asia war will be a long-drawn war between US and Iran. Hence, FY27 is likely to be a muted return generator from equity markets perspective, he said.
If the Nifty 50 decisively breaks the 23,600–23,500 zone, bears may regain control and drag the index toward the current week's low of around 23,000–22,950.
If the Nifty breaks 23,600 (Wednesday's low), a decline toward the 23,500–23,350 zone is possible in the coming sessions. However, a further rally toward 24,000 is likely only if the index closes above and sustains the 23,800 resistance level, according to experts.
Sensex, Nifty are likely to open lower on Thursday after Iran said US and Israeli airstrikes had hit its South Pars gas field.
An analyst said that a decisive close above 23,850 could trigger short covering, potentially pushing the index towards 24,000 and higher levels
With the improving trend, the Nifty 50 may move toward the psychological 24,000–24,100 zonein the next few sessions, provided it closes above and sustains 23,800 in the following session. Immediate support is placed at 23,600–23,500, according to experts.
Biggest Nifty gainers were Jio Financial, Tech Mahindra, Infosys, Eternal, M&M, while losers included Coal India, NTPC, HUL, Cipla and Sun Pharma.
Nifty extends its winning streak for the 3rd straight session, inching closer to the 23,800 mark! 📈IT stocks lead the rally, while India VIX cools off sharply—signaling easing volatility and improving market sentiment. Catch Lovisha Darad with market experts for a complete Closing Bell analysis and key levels to watch next.
Brent crude oil prices have climbed about 40% since the Iran War began, impact import bill for India.
Sensex, Nifty rose amid sharp buying interest in IT shares, after CLSA brushed off disruption concerns linked to the latest AI tools.
Global markets are navigating a mix of geopolitical tensions and key macro cues. Iran has confirmed the deaths of security chief Ali Larijani and Basij force commander Soleimani, while in Washington, US counter-terrorism director Joe Kent has resigned amid the ongoing Iran conflict. Crude remains elevated with Brent holding above $100 per barrel and WTI trading near $94.8. Investors are now firmly focused on the US Federal Reserve’s policy decision, where markets expect rates to remain steady in the 3.5%–3.75% range. Asian markets are trading higher this morning, led by gains in South Korea’s Kospi, while Japan’s exports have surprised on the upside, rising 4.2%.
Foreign Institutional Investors (FIIs) extended their selling spree on March 17, offloading equities worth over ₹4,741 crore. In contrast, Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth around ₹5,225 crore.
Once the immediate US-Israel-Iran conflict cools down, a positive move in equity markets is surely possible, but it might not be a “sharp” rally, said DSP's Anil Ghelani.
Except FMCG and metal, all other sectoral indices ended higher with realty, IT, auto, media, capital goods, consumer durables, telecom, infra up 1-3%. Nifty Midcap index rose 2 percent and smallcap index up 1.6%. Biggest Nifty gainers were Jio Financial, Tech Mahindra, Infosys, Eternal, M&M, while losers included Coal India, NTPC, HUL, Cipla and Sun Pharma.
If the Nifty 50 reclaims and sustains above the 23,600–23,700 levels, a rally toward the 23,800–24,000 zone may be seen. Until then, consolidation cannot be ruled out, with support at 23,350.
According to experts, the Nifty 50 needs to close and sustain above the 23,600–23,700 levels in the next few sessions for a move toward the 23,800–24,000 zone. Until then, consolidation may continue, with immediate support at 23,350, followed by 23,000 as a crucial support level.
Weekly options data continues to suggest that resistance for the Nifty 50 is placed at 24,000, with support at 23,000. A decisive move is likely only after a breakout on either side of this range.
The broader macroeconomic environment in India continues to show resilience, reinforcing the long-term investment case for Indian equities.