| Market Pulse |
Tuesday, 24 March, 2026 |
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Market Snapshot
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📊
Nifty 50
22,512.65
-2.60%
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📈
Sensex
72,696.39
-2.46%
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🏦
Bank Nifty
51,437.75
-3.72%
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The Indian markets took a significant hit today, with the Nifty 50 and Sensex dropping sharply by over 2%. This downturn was largely driven by escalating geopolitical tensions in the Middle East, specifically conflict involving Iran, which spooked global markets and led to a flight to safety. The rupee hitting a record low exacerbated the situation, increasing import costs and putting pressure on currency-sensitive sectors. Additionally, news of productive talks between the US and Iran initially suggested potential relief in oil prices, but ongoing conflicts and threats kept the energy markets volatile.
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The Big Story
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📰 FEATURED
Oil plummets as Trump says US held 'productive talks' with Iran
EnergyBanking
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Positive for oil-importing sectors; watch for currency appreciation.
WHY IT MATTERS
Falling oil prices reduce import costs, easing inflationary pressures and supporting rupee strength.
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Quick Takes
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global macro • negative
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US Iran War News Live: Massive blast hits major Texas refinery, shelter-in-place order issued
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Prepare for potential oil price volatility impacting energy sector.
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Read full report →
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india macro • positive
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India proposes changes to companies law to allow more buybacks, fast-track mergers
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Potential increase in M&A activity; watch for corporate announcements.
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Read full report →
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global macro • negative
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Rupee hits record low as Indian assets drop on worries of escalating Middle East war
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Investors should brace for volatility in currency-sensitive sectors.
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Read full report →
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global macro • negative
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Israel strikes 'the heart of Tehran' minutes after Trump announces pause in US attacks on Iran
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Heightened geopolitical risks could pressure oil-importing sectors.
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Read full report →
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india macro • positive
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Govt offers 19 critical mineral blocks across 10 states; lithium, rare earth in focus
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Potential growth in mining sector; consider exposure to domestic metal producers.
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Read full report →
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global macro • negative
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Trump and Iran hurl war threats as Hormuz crisis intensifies
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Expect heightened risk in energy and import-dependent sectors.
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Read full report →
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FII / DII Activity
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FII/FPI
Sold
₹443 Cr
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DII
Bought
₹1,154 Cr
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FIIs sold ₹443 Cr, DIIs bought ₹1,154 Cr today.
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Market Breadth
Advances: 542 ·
Declines: 1132 ·
A/D Ratio: 0.48
Broad-based selloff across market
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Sector Performance
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IT
-0.2%
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Pharma
-2.2%
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FMCG
-2.5%
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Infra
-2.6%
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Energy
-3.0%
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Auto
-3.2%
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Fin Services
-3.3%
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Bank
-3.7%
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Media
-4.0%
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PSU Bank
-4.1%
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Realty
-4.7%
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Metal
-4.8%
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IT, Pharma led gains while Realty, Metal underperformed. Defensive sectors outperforming suggests risk-off sentiment.
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Technical Levels
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Nifty 50
| Support |
22,372 / 22,231 |
| Resistance |
22,752 / 22,992 |
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Bank Nifty
| Support |
50,952 |
| Resistance |
52,294 |
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Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term momentum is weak.
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Global Cues
| S&P Futures: -0.52%
US futures negative (S&P -0.52%).
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Commodities & Forex
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Gold
₹1,39,280
-3.61%
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Silver
₹2,25,423
-0.59%
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USD/INR
Rs 93.52/USD
+0.38%
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Macro / Economic Events
| 📌 |
US Fed Interest Rate Decision |
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Looking Ahead
| 👀 |
US Fed Interest Rate Decision |
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Corporate Actions
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ITC
Don't fall for these 5 mutual fund SIP sales pitches before investing your money
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HDFC Bank
appoints external law firms to review ex-chairman Atanu Chakraborty's resignation
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Wipro
s to Watch today, Mar 24: HDFC Bank, Coal India, Oil stocks, Wipro
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DISCLAIMER
This newsletter is for informational and educational purposes only. It is not investment advice.
Markets are subject to risks, and past performance is not indicative of future results.
Consult a registered financial advisor before making investment decisions. We are not registered
investment advisors with SEBI or any other regulatory body.
AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.
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