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.
The market is expected to consolidate with range-bound trading after the two-day rally. Below are some short-term trading ideas to consider.
Stocks to Watch, 18 March: Stocks like Clean Max Enviro Energy Solutions, Shree Cement, Varun Beverages, Swan Defence and Heavy Industries, Strides Pharma Science, CESC, Mafatlal Industries, Hexaware Technologies, Wipro, Ceigall India, Aurobindo Pharma, Urban Company, and Apsis Aerocom will be in focus on March 18.
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.
Innovision IPO | The Haryana-based company's public issue has a combination of a fresh issuance of Rs 255 crore and an offer for sale of 12.38 lakh equity shares.
Powerica IPO | The company aims to raise Rs 700 crore by issuing new shares, while promoters will be selling shares worth Rs 400 crore via offer-for-sale.
SBI Mutual Fund already held 1.89 percent shareholding in Urban Company as of December 2025.
Sai Parenterals IPO | The firm is raising up to Rs 285 crore via fresh shares, while investors will be selling 31.57 lakh shares via offer-for-sale.
For the year so far, FII/FPIs have net sold worth Rs 1,21,682 crore of Indian equities while DIIs have net bought Rs 1,86,783 crore.
The latest orders worth approximately Rs 2,471 crore include an underground metro rail project in the country, secured through a joint venture/consortium, the company said in a statement.
The price band has been fixed at Rs 163 to Rs 172 per share, valuing the company at around Rs 12,280 crore at the higher end, the company announced.
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 underlying short term trend of Nifty is positive, but the market is not completely out of danger, unless it closes above 23,600-23,700 levels in the short term,' says an analyst
The broader macroeconomic environment in India continues to show resilience, reinforcing the long-term investment case for Indian equities.
Broader indices performed in line with the benchmarks, with the Nifty Midcap 100 rising 1 percent, while the Nifty Smallcap 100 added nearly 0.65 percent.
Emkay warned that the current market correction may not yet be over. Even so, the potential crash is seen only as temporary, which should be used to invest in select beaten down stocks for long term opportunity.
Markets close strong for the second straight session! 📈 Nifty climbs above 23,550 while Sensex adds 1,400 points in 2 days. Broader markets stay positive with midcaps leading, and India VIX cools off sharply. Auto and metal stocks extend gains, while IT remains under pressure. Realty and pharma indices bounce back after recent losses. Top movers: Maruti, M&M, Eicher Motors | Laggards: HUL, UltraTech, Infosys, TCS. Catch Lovisha Darad with market experts for the full Closing Bell analysis.
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The recovery in midcap and smallcap markets today was led by strong gains in metal-linked and capital goods stocks. IT and FMCG stocks remained under pressure.
Under the March 13 notification, companies are no longer required to dilute 25% upfront and can instead follow a phased approach over time
In All-India metro markets in 2025, quick commerce and modern trade channels grabbed 3.1 percentage points of share away from kiranawalas
GSP Crop Science IPO allotment is expected by March 20, while share listing is proposed to take place on March 24.
Deteriorating ties between the two sides are also linked to Kabul’s growing engagement with India
BNP Paribas Cardif SA is in advanced talks to acquire Warburg Pincus’ 26% stake in a transaction that could value IndiaFirst at about $350 million. Bank of Baroda owns 65% of IndiaFirst and Union Bank of India Ltd. holds 9%.
Sensex, Nifty declined from their day's highs amid worries about high crude prices and their impact on the country's economy.