Sensex
Tata Consumer Products, UPL, Infosys, Adani Ports, and Titan fell on the Nifty, while Tata Steel, M&M, JSW Steel, Tata Motors, and Apollo Hospitals rose.
The benchmark indices ended on a positive note on March 18, with the Nifty around 22,050, despite some selling in the mid-session. The market remained in a range throughout the first half, but erased losses in the second half to close with moderate gains. The Sensex was up 104.99 points or 0.14 percent at 72,748.42, while the Nifty was up 32.40 points or 0.15 percent at 22,055.70.
Top gainers on the Nifty included Tata Steel, M&M, JSW Steel, Tata Motors, and Apollo Hospitals, while losers included Tata Consumer Products, UPL, Infosys, Adani Ports, and Titan Company. Sectors saw 0.5-3 percent increases, while IT and FMCG saw a 0.5-1.5 percent drop.
Sectors and stocks
The BSE Midcap and Smallcap indexes closed flat.
Coforge, Balrampur Chini Mills, and PI Industries had volume spikes above 100%.
Tata, Jindal, and M&M had extended build-ups, whereas Coforge, Birlasoft, and Persistent Systems had short ones.
Besides Bharti Airtel, Cigniti Technologies, Colgate Palmolive, Force Motors, Hercules Hoists, Linde India, Oracle Financial Services, Reliance Infra, SMS Pharma, Solar Industries, and TCS, additional BSE stocks reached their 52-week
March 19 Forecast
The Nifty opened weak but recovered to close with gains of 32 points, holding on to the support zone of 21900 – 21850, which includes the 40-day average and previous swing low. The Nifty is still trading in the range of 21900 – 22200, and a decisive breach could lead to trending moves.
The immediate hurdle zone is 22215 – 22250, while 21900 – 21860 is crucial support. Bank Nifty closed the day on a negative note for the seventh consecutive session, but recovered from intraday lows (46022) and held onto the 20-week average at 46300. The Bank Nifty is expected to recover and potentially rise to 47230 – 47400.
The Nifty50 experienced a bearish morning trade, nearly testing its support of 21,900. However, a swift recovery led by Metal, Auto, and selected heavyweights helped the Index reclaim 22,000, with gains of 32.35 points. Mid and Smallcap segments remained rangebound and underperformed the Nifty50. The reading for the Index remains unchanged, with breakouts on either side providing a proper direction.
| FII Sold | -2,051.09 Cr |
| DII Sold | +2,260.88Â Cr |
Indian Market Stocks
| Sensex | 104.99 | +0.14% | 72,748.42 |
| Nifty 50 | 32.35 | +0.15% | 22,055.70 |
| Nifty Bank | -18.20 | -0.42% | 46,575.90 |
Market Movers
| Tata Steel | 8.00 5.65% | TATA Cons. Prod | -25.20 -2.08% |
| M&M | 56.55 3.14% | Infosys | -31.35 -1.92% |
| JSW Steel | 23.75 3.04% | UPL | -9.10 -1.92% |
| Tata Motors | 26.60 2.81% | TCS | -66.75 -1.58% |
| Apollo Hospital | 153.35 2.56% | Titan Company | -53.50 -1.47% |
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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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