Taking Stock: Markets rebound on hopes of de-escalation; Nifty above 24,250, Sensex up 640 pts

Shares rise in trade.

• 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.

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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&M, while losers included Infosys, Eternal, Bharti Airtel, ONGC, Reliance Industries.

Among sectors, except IT and oil & 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

Index	Prices	Change	Change%
Sensex	74,563.92	-1,470.50	-1.93%
Nifty 50	23,151.10	-488.05	-2.06%
Nifty Bank	53,757.85	-1,343.10	-2.44%

Nifty 50 23,151.10 -488.05 (-2.06%)

Fri, Mar 13, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
TATA Cons. Prod	1,083.60	25.80	+2.44%

Biggest Loser	Prices	Change	Change%
Larsen	3,439.00	-280.50	-7.54%

Best Sector	Prices	Change	Change%
Nifty FMCG	47924.15	-265.00	-0.55%

Worst Sector	Prices	Change	Change%
Nifty Metal	11292.50	-571.40	-4.82%

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.

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