Sensex
The top Nifty gainers were UPL, Maruti Suzuki, Hero MotoCorp, Bajaj Auto, and Sun Pharma, while the losers were Wipro, Infosys, LTIMindtree, HCL Technologies, and TCS.
The Sensex and Nifty ended higher on March 20, extending their winning run to a third consecutive session of buying across sectors, except for information technology.
The market opened lower due to weakness in information technology stocks after Accenture revised its full-year revenue growth projection. However, buying in other sectoral indices erased losses.
The market will be closed on March 25 due to Holi.
Sectors and stocks
The Nifty index saw gains in UPL, Maruti Suzuki, Hero MotoCorp, Bajaj Auto, and Sun Pharma, while losses included Wipro, Infosys, LTIMindtree, HCL Technologies, and TCS. Metal, auto, realty, FMCG, capital goods, healthcare, and power saw increases, while the information technology index fell.
The BSE midcap index was up 0.3 percent and the smallcap index up 1 percent.
BSE stocks experienced a 52-week high, with RBL Bank, Hindustan Copper, and Indus Towers experiencing a volume spike of over 400 percent. Vodafone Idea, Hero MotoCorp, and Maruti Suzuki experienced a long build-up, while Wipro, Infosys, and HCL Technologies experienced a short build-up.
Other stocks that tested their 52-week high included Avenue Supermarts, Bajaj Auto, Bharti Airtel, Cigniti Technologies, Cummins India, eMudhra, Force Motors, HEG, Hercules Hoists, and Indus Towers.
March 26 Forecast
The Nifty opened at a downtrend, but recovered and closed with gains. The index is retracing its fall from 22526 to 21710, with key retracement levels at 22118 – 22214.
The dip found buying interest at 21900 – 21880, where the 20-hour moving average was placed. The retracement process is not complete, and the rally can continue. The momentum indicator provides a divergent signal, potentially leading to consolidation.
The Bank Nifty consolidated within a narrow range around key daily moving averages. The key retracement level could continue until 47000 – 47200 over the next few trading sessions, with a crucial support zone at 46500 – 46400.
The Nifty experienced two days of recovery following a doji formation, indicating a bullish reversal. It has reclaimed the 55-day exponential moving average. A clear rally towards the all-time high of 22,525 is needed.
| FII Sold | -3,309.76 Cr |
| DII Bought | 3,764.87Â Cr |
Indian Market Stocks
| Sensex | +190.75 | +0.26% | 72,831.94 |
| Nifty 50 | +84.80 | +0.39% | 22,096.75 |
| Nifty Bank | +178.85 | +0.38% | 46,863.75 |
Market Movers
| Hero Motocorp | 206.10 4.56% | LTIMindtree | -154.90 -3.00% |
| Maruti Suzuki | 432.00 3.63% | Infosys | -45.85 -2.95% |
| UPL | 16.35 3.59% | Wipro | -13.35 -2.67% |
| Sun Pharma | 52.30 3.34% | HCL Tech | -37.95 -2.38% |
| Apollo Hospital | 188.60 3.05% | Tech Mahindra | -20.10 -1.57% |
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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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