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Indian Indices - Live Markets

MARKET HIGHLIGHTS
Mar 24, 09:08 IST

Aakash Shah, Technical Research Analyst, Choice Broking

Indian equity markets are expected to open on a positive to gap-up note on Tuesday, supported by firm indications from GIFT Nifty, which is signaling a strong rebound after the sharp sell-off seen in the previous session.

Positive cues from Asian markets and short-covering at lower levels could aid early recovery, though volatility is likely to remain elevated due to ongoing global uncertainties.

In the previous session, benchmark indices witnessed significant selling pressure amid global risk-off sentiment. The Nifty 50 declined sharply by 601 points (2.6%) to close at 22,512, while the BSE Sensex dropped 1,836 points (2.46%) to settle at 72,696. The fall was largely driven by geopolitical tensions, rising crude oil prices, and continued foreign fund outflows, which weighed heavily on investor sentiment.

From a technical perspective, the Nifty 50 has slipped below key short-term support levels and is now trading in a weak zone. Immediate resistance is placed near 22,650–22,700, and any pullback towards this range may face selling pressure. On the downside, support is seen around 22,300–22,400, and a breach below this could extend the correction further in the near term.

Overall, the market setup suggests a pullback or relief rally after a sharp correction, but the broader trend remains cautious due to global headwinds.

Traders are advised to adopt a sell-on-rise or stock-specific approach, focusing on risk management. Key sectors to watch include banking, oil-sensitive stocks, and defensives, while volatility-driven moves may dominate the session ahead.

Mar 24, 07:52 IST

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

On the first trading session of the week, the domestic benchmark index Nifty witnessed yet another sharp gap-down opening, largely driven by heightened global uncertainty following the escalation of geopolitical tensions between the US and Iran. The negative sentiment persisted throughout the session, with sustained selling pressure keeping the index firmly in the red for the entire day. Finally, the Nifty ended near 22500 mark, settling with a steep decline of 2.60%. Notably, this marked the lowest closing level since April 2025, and the index formed a long and sizeable bearish candle, clearly reflecting strong downside momentum and risk aversion among market participants.

From a broader perspective, the ongoing correction has been both sharp and time-compressed. From its all-time high, the Nifty is now down by over 14%, with this decline unfolding in just 52 trading sessions, making it one of the steepest falls witnessed in recent periods. Technically, the structure remains weak, as all key moving averages are positioned above the current price, and momentum-based indicators continue to signal strong bearish bias, offering little evidence of near-term stabilization.

Going ahead, the zone of 22650–22680 will act as an immediate hurdle for the Nifty. As long as the index trades below 22680, the bearish bias is likely to persist, with downside potential towards 22350, followed by 22200 in the short term. However, a decisive move above 22680 could lead to a recovery towards the next resistance at 22850, though such a move may remain corrective unless sustained.

  • Advances 48
  • Declines 2
  • Unchanged 0

Live Markets

Name LTP Chg %Chg Open High Low 52 Week High 52 Week Low Technical Rating
Key Indices

NIFTY 50

22,716.70 204.05 0.91 22,878.45 22,899.60 22,701.20 26,373.20 21,743.65 Technical Rating

NIFTY BANK

52,140.55 702.80 1.37 52,384.80 52,495.70 52,079.15 61,764.85 49,156.95 Technical Rating

NIFTY Midcap 100

53,357.60 640.05 1.21 53,878.30 53,913.05 53,326.10 61,548.85 46,966.60 Technical Rating

NIFTY NEXT 50

61,827.35 412.45 0.67 62,668.15 62,706.55 61,799.30 70,833.65 57,250.25 Technical Rating

NIFTY 100

23,298.55 200.30 0.87 23,489.50 23,508.40 23,283.65 26,975.15 22,177.35 Technical Rating

Nifty 200

12,711.55 117.25 0.93 12,819.40 12,829.25 12,703.85 14,700.95 11,941.45 Technical Rating

NIFTY 500

20,853.30 189.05 0.91 21,045.45 21,059.20 20,841.45 24,144.20 19,519.85 Technical Rating

NIFTY Smallcap 100

15,243.20 144.50 0.96 15,459.70 15,459.70 15,235.10 19,224.95 14,084.30 Technical Rating

NIFTY MIDCAP 50

15,184.75 184.25 1.23 15,322.85 15,332.20 15,172.15 17,572.45 13,269.65 Technical Rating

NIFTY SMLCAP 50

7,471.25 70.65 0.95 7,576.20 7,576.20 7,466.65 9,282.70 6,776.05 Technical Rating

India VIX

25.50 -1.23 -4.60 26.73 26.73 24.71 27.17 8.72 Technical Rating

NIFTY 750 TOTAL MKT

11,690.95 107.75 0.93 11,799.00 11,806.35 11,684.50 11,806.35 0.00 Technical Rating
Sectoral Indices

NIFTY Auto

24,317.40 382.65 1.60 24,458.45 24,509.65 24,305.85 29,179.10 19,316.65 Technical Rating

NIFTY IT

29,300.25 153.20 0.53 29,572.75 29,572.75 29,210.70 40,301.40 28,288.05 Technical Rating

NIFTY PSU Bank

8,364.30 132.65 1.61 8,429.60 8,449.30 8,356.45 9,918.65 5,904.10 Technical Rating

NIFTY Fin Service

24,219.05 259.85 1.08 24,388.10 24,423.55 24,193.50 28,562.50 23,546.50 Technical Rating

NIFTY Pharma

22,143.95 90.85 0.41 22,305.95 22,359.70 22,129.00 23,540.90 19,121.10 Technical Rating

NIFTY FMCG

45,962.75 125.70 0.27 46,498.50 46,541.60 45,911.50 58,485.05 45,740.90 Technical Rating

NIFTY Metal

10,983.45 120.00 1.10 11,114.20 11,128.00 10,978.40 12,509.75 7,690.20 Technical Rating

NIFTY Realty

670.20 6.80 1.03 675.65 676.55 667.95 1,049.70 661.35 Technical Rating

NIFTY Media

1,264.80 11.45 0.91 1,272.05 1,278.95 1,263.00 1,786.15 1,245.05 Technical Rating

NIFTY Energy

34,957.50 118.05 0.34 35,531.90 35,531.90 34,944.35 37,306.50 29,802.20 Technical Rating

Nifty Pvt Bank

24,740.85 303.95 1.24 24,832.20 24,892.35 24,702.95 29,748.45 24,384.45 Technical Rating

NIFTY Infra

8,646.85 72.95 0.85 8,731.90 8,735.20 8,642.95 9,792.60 7,775.80 Technical Rating

NIFTY Commodities

9,121.30 63.15 0.70 9,231.40 9,231.60 9,117.95 10,078.60 7,601.40 Technical Rating

NIFTY Consumption

10,452.35 114.35 1.11 10,528.35 10,550.35 10,446.25 12,716.20 10,159.85 Technical Rating

NIFTY PSE

9,618.00 24.10 0.25 9,782.85 9,786.80 9,613.65 10,544.05 8,457.60 Technical Rating

NIFTY Services

28,968.55 260.05 0.91 29,166.95 29,200.00 28,942.70 34,549.75 28,651.60 Technical Rating

Nifty FinSrv25/50

26,470.00 277.70 1.06 26,656.15 26,698.00 26,446.50 26,698.00 0.00 Technical Rating

Nifty Cons Durbl

33,214.25 268.45 0.81 33,708.80 33,743.85 33,194.60 40,472.45 32,205.30 Technical Rating

Nifty Healthcare

14,175.35 96.05 0.68 14,243.05 14,288.45 14,163.90 15,148.75 12,565.40 Technical Rating

Nifty Oil & Gas

10,775.00 37.15 0.35 10,919.60 10,921.85 10,771.60 12,445.70 9,445.95 Technical Rating

NIFTY India Mfg

14,224.65 133.75 0.95 14,354.35 14,360.60 14,220.55 14,360.60 0.00 Technical Rating

Nifty India Defence

7,495.85 105.00 1.42 7,553.70 7,584.10 7,491.90 7,584.10 0.00 Technical Rating
Other Indices

NIFTY MIDCAP 150

19,669.60 223.85 1.15 19,869.15 19,879.80 19,660.05 22,650.05 17,269.50 Technical Rating

NIFTY MIDSML 400

17,690.75 180.40 1.03 17,897.40 17,902.60 17,683.00 20,668.15 15,832.85 Technical Rating

NIFTY SMLCAP 250

14,345.60 112.75 0.79 14,556.70 14,556.70 14,339.60 18,077.35 13,314.70 Technical Rating

NIFTY MNC

28,257.50 225.95 0.81 28,536.00 28,571.50 28,234.20 32,131.15 23,981.05 Technical Rating

NIFTY AlphaLowVol 30

24,350.60 215.55 0.89 24,501.80 24,581.50 24,338.95 24,581.50 0.00 Technical Rating

Nifty200 Momentum 30

27,723.05 398.10 1.46 27,876.25 27,940.10 27,706.25 27,940.10 0.00 Technical Rating

Nifty LargeMid250

14,798.05 147.95 1.01 14,933.85 14,943.65 14,790.05 17,077.75 13,526.30 Technical Rating

Nifty500 Mul50:25:25

14,377.85 131.15 0.92 14,525.90 14,533.05 14,370.50 16,681.75 13,318.60 Technical Rating

NIFTY CPSE

6,892.95 1.55 0.02 7,005.30 7,009.75 6,888.50 7,252.05 5,521.95 Technical Rating

NIFTY MID SELECT

12,323.50 139.95 1.15 12,453.95 12,461.70 12,314.45 14,118.40 10,382.55 Technical Rating

NIFTY IND DIGITAL

7,383.80 48.35 0.66 7,470.15 7,473.20 7,377.70 9,723.25 7,233.65 Technical Rating

NIFTY M150 QLTY50

20,882.70 151.35 0.73 21,132.10 21,153.90 20,868.55 21,153.90 0.00 Technical Rating

Nifty Microcap 250

19,263.45 256.55 1.35 19,453.40 19,465.75 19,260.00 19,465.75 0.00 Technical Rating

Nifty Capital Market

4,330.70 78.10 1.84 4,363.65 4,378.25 4,325.60 4,378.25 0.00 Technical Rating
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