Sensex falls, BSE Midcap index rose by 0.7%, while the Smallcap index closed flat.
The markets ended lower on March 26, breaking their three-day winning momentum, with the Nifty around 22,000, and the Sensex down 361.64 points at 72,470.30 and the Nifty down 92.10 points at 22,004.70.
The market experienced a recovery after a weak start, with buying in Oil & Gas, Metal, Capital Goods, and Realty stocks. However, it ended near the day’s low due to selling in major media, IT, and banking names. Top gainers included Bajaj Finance, Hindalco Industries, Britannia Industries, Adani Ports, and L&T.
Sectors and stocks
Bank and Information Technology indices fell by 0.5 percent, while Capital Goods, Realty, Oil & Gas, and Metal indices gained 0.5-1 percent. BSE Midcap index rose 0.7%, while Smallcap index closed flat.
Piramal Enterprises, Balrampur Chini, and Indus Towers experienced a volume spike of over 1100 percent, while Dr Lal PathLabs, Hindustan Copper, and Interglobe Aviation experienced a long build-up.
Over 100 stocks, including Apar Industries, Avenue Supermarts, Chalet Hotels, Colgate Palmolive, CRISIL, Cummins India, Deep Industries, Gujarat Pipavav, Indus Towers, Interglobe Aviation, Jindal Stainless, Jindal Steel, Oracle Financial Services, PB Fintech, Sanghvi Movers, Solar Industries.
March 27 Forecast
The Nifty remained sideways on the first day of the holiday-shortened week, but the short-term trend remained positive. Support is at 21,840 for the short term, while resistance is at 22,240-22,300.
Indian bourses closed the week at 22,004.70, with a loss of 92.05 points. Realty was the top performer, followed by Media and IT. Mid and Smallcaps gained by 1.05% and 0.41%, outperforming the Nifty50.
The index is forming an inverted head & shoulder formation, with a breakout point at 22,200 and a target of 22,640.
| FII Sold | 10.13 Cr |
| DII Bought | 5,024.36Â Cr |
Indian Market Stocks
| Sensex | -361.64 | –0.50% | 72,470.30 |
| Nifty 50 | -92.05 | -0.42% | 22,004.70 |
| Nifty Bank | -263.55 | -0.56% | 46,600.20 |
Market Movers
| Bajaj Finance | 149.20 2.21% | Power Grid Corp | -5.70 -2.07% |
| Hindalco | 10.90 1.99% | Eicher Motors | -77.30 -1.94% |
| Britannia | 96.45 1.98% | Bharti Airtel | -23.00 -1.86% |
| Adani Ports | 22.60 1.76% | Wipro | -7.25 -1.49% |
| Larsen | 52.30 1.45% | Kotak Mahindra | -22.70 -1.28% |
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Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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