Market Outlook
Markets likely to open flat-to-positive after yesterday’s 3.26% Nifty crash to 23,002 amid Middle East oil shock, with Gift Nifty recovery signaling stabilization but volatility high (India VIX +21%). Nifty support 22,925-23,000, resistance 23,365; watch crude prices >$112 for downside trigger.
Global Cues
Asia mixed (Nikkei flat), US futures up post-selloff; Europe gains on energy bets; oil crisis dominates risk-off sentiment.
Gift Nifty & Dollar Index
Gift Nifty 23,109.50 (-0.47% or -108 pts), flat open signal vs Nifty close 23,002. DXY futures ~99.63 (+0.17%), safe-haven steady.
FII & DII Activity
Mar 19 final: FII net sold ₹7,558 Cr, DII net bought ₹3,864 Cr; weekly FII outflow ₹17k+ Cr continues.
Key Stocks in Action
OMCs (BPCL, IOC, ONGC) on crude surge; Defence (HAL, BEL); Metals (Hindalco, Tata Steel); WeWork India, JK Cement, Amagi Media (news buzz); TechM, Infosys rebound plays.
F&O Ban List
BHEL, Biocon, Hindustan Copper, Manappuram, SAIL (MWPL breach).
Earnings Today
No major Q4 results; smaller Q3 filings like BCC Fuba (profit ₹1.17 Cr).
Key News & Events
Oil Crisis: Brent >$112, Iran attacks Qatar LNG/Saudi sites – inflation/CAD risks.
Rupee Lows: USD pressure on imports.
VIX Spike: +21% volatility.
Gudi Padwa: Markets open, T+1 delayed.
Disclaimer
Educational only – not advice. Markets risky. Consult SEBI advisor. No positions/conflicts (Mar 20, 2026).