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StockEdge Morning Market Report | Thursday, 12 March 2026

The Nifty 50 closed at 23,867 — down 395 points (-1.63%). The market opened slightly lower and then steadily sold off throughout the session, with no significant recovery attempt.

Although the charts indicated it all beforehand, and 24,300 did act as the line of control - the trigger was a new escalation — three ships were hit by projectiles near Iran's coast. Shipping through the Strait of Hormuz nearly halted, pushing Brent crude back above $92 per barrel.

Sector-wise, Auto was the hardest hit — down over 3% — followed by Private Banks, Financial Services, FMCG, and Realty. Oil & Gas, Energy, and Pharma managed to end in the green.

FIIs net sold ₹6,267 crore, continuing their exit from the markets. The futures open position on the index futures also reached over 2,00,000 contracts – net short.

India VIX closed at 21.06 — up 11.41% from the previous close of 18.91. U.S. markets were mostly flat. Gold steadied as safe-haven demand and crude-led inflation fears balanced out. GIFT Nifty is down 100 points — suggesting a weak opening.

Nifty
As expected, the index faced resistance at the 24,300 level – where bears stepped in. The index experienced a structured one-way fall during yesterday’s intraday session, opening at the high and closing at the lows of the day. RSI is well below 30 — indicating extreme oversold conditions — but in a trending bear market, oversold can persist. Other indicators, stochastics and MACD, still do not show any signs of bottoming out. Prices are trading well below both short-term and long-term moving averages. Immediate support levels are at 23,700–23,800. If bears break this level too, expect the index to test 23,200.

On the upside, 24,300 acts as a strong resistance. The trend remains firmly down, and the geopolitical situation is driven by news, so expect volatility.

Bank Nifty
Bank Nifty closed at 55,736 — down 2.13%. The index is among the weakest sectors, contributing significantly to the market decline. The panic low of 55,270 from Monday is the immediate support. Both Private Banks and PSU Banks remain under pressure.

Sector Watch

Strong (Relative): Metal, Pharma stocks
Weak: Auto, Private Banks, FMCG, Realty, IT

Conclusion
Two weeks of relentless selling, FII outflows exceeding ₹35,000 crore for March, Brent above $92, and VIX at 21 — all point to the prevailing downtrend. Avoid bottom fishing; let the markets signal a bottom formation. Be extremely selective, reducing capital in strong sectors and stocks. Be very cautious.

For more market insights and analysis, visit https://sedg.in/3btdq6gx
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Rupee at All-Time Low. Which Stocks Are Showing Momentum?

The Indian Rupee has slipped to record low levels, and currency movements like this often create clear sector winners and losers in the market.

When the rupee weakens:
• Export-oriented companies may benefit
• IT and Pharma sectors often gain support
• Import-heavy sectors may face pressure

Our StockEdge Momentum Scores show how some major stocks are reacting across 1-month, 3-month, and 6-month trends.

Stocks currently showing strong momentum:
• Sun Pharmaceutical Industries Ltd.
• Dr. Reddy's Laboratories Ltd.
• Bajaj Auto Ltd.
• TVS Motor Company Ltd.

Stocks showing weaker momentum:
• Tata Consultancy Services
• Infosys
• HCL Technologies

Currency moves can shift sector leadership quickly, and tracking momentum across timeframes helps investors identify where strength is building.

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The Indian stock market ended the day in the red, continuing the recent volatility.

Key Index Moves

Nifty 50 : around 23,640 (↓ ~0.9%)

Sensex: fell about 800–900 points during the session
Both indices remained under pressure throughout the day.

Market Trend

Most sectors traded lower, especially Auto, FMCG, and Private Banks.

Market breadth was weak, with more stocks declining than advancing.

Sectors Showing Strength

Energy and power stocks showed some resilience as oil prices surged.

Key Reasons for the Market Fall

Crude oil prices jumped above $100 per barrel, increasing inflation worries.

Geopolitical tensions in the Middle East triggered global risk-off sentiment.

Weak global markets and foreign investor selling added pressure.

Rupee hitting record lows also affected investor confidence.

Market Sentiment

Overall sentiment remains volatile and cautious, with analysts watching Nifty support near 23,700–23,500 for further direction.
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StockEdge Morning Market Report | Friday, 13 March 2026

Nifty 50 closed at 23,639 — down 228 points (-0.95%). The index opened at 23,675, touched an intraday low of 23,556, tried to recover but couldn’t sustain, and closed near the lows of the day — a weak price action structure.
The fall was led by sharp losses in Auto and Financial. Market breadth remained negative.
FII continued to sell of around 7000+ Crs yesterday.

India VIX at 21.52 — fear remains firmly elevated.

US markets had a brutal session — S&P 500 down 1.5% to 6,672, Dow shed 739 points (-1.6%) to 46,677, and Nasdaq fell 1.8% to 22,311. Three consecutive days of losses for Wall Street.

GIFT Nifty is 160+ points down, indicating a weak opening.

Nifty 50
The index is now at fresh multi-month lows and the pattern remains a structured one-way fall. A 2000 point fall from 25600 – 23600 in 10 trading sessions. RSI is deep in oversold territory, but as highlighted repeatedly, oversold can stay oversold in a trending bear market. Stochastics and MACD show no signs of bottoming out. The 23,200 is the level that the index may test. Rallies will not sustain. On the upside, 23700-800 zone will act as immediate resistance, whereas 24300 will act as the ceiling, during any kind of pullback.

With GIFT Nifty pointing weak, the bears remain firmly in control heading into Friday's close.

Bank Nifty closed at 55,101 — down 635 points (-1.14%) — extending its losing run. PSU Banks and Private Banks remain under equal pressure. The 55,000 mark is the immediate psychological support + there is a channel trendline around this area of 55000- 55100— a close below that level could accelerate selling toward 54,500. No base formation visible yet — the index remains one of the primary contributors to the broader market's decline.

Sector Watch

Strong (Relative): Power, PSU, Pharma
Weak: Auto, FMCG, Realty, IT

Conclusion

Heading into the weekend, the macro picture has not improved. The chart is weak, price action is weak, and there are no bottom signals yet. Be light on positions over the weekend as lot of can change overnight based on news. Be extremely selective, keep capital allocation low, and do not attempt to bottom-fish until the charts show a clear signal.

For more market insights and analysis, visit https://sedg.in/3btdq6gx
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Nifty 50 taking a sharp hit today! 📉

Down ~1.3% to 23,326 (-313 pts) amid ongoing volatility — testing key support around the rising trendline from 2020 lows (~23,639 marked on chart).

From the 2025-26 peak run-up, this pullback is testing patience... but long-term uptrend intact?
🔗 https://sedg.in/t8lv1qcj
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Nifty 50: closed at 23,152.90, down 489 points (-2.06%)

Sensex: closed near 74,563, down about 1,470 points (-1.9%)

Bank Nifty: around 54,000, falling roughly 2%+ during the session

Key Reasons for the Decline

Rising crude oil prices near $100 increased inflation concerns.

Geopolitical tensions in the Middle East triggered global risk-off sentiment.

Weak global markets and FII selling added pressure.

The Indian rupee hit a record low, reflecting risk aversion and capital outflows.

Sector Performance

Metal, PSU Banks, Realty, and Consumer Durables were among the biggest losers.

Financials and auto stocks also remained under pressure.

FMCG stocks showed relative resilience as investors shifted to defensive sectors.

Overall Market Mood
The market witnessed broad-based selling and high volatility, with indices hitting their worst weekly decline in over a year as geopolitical tensions and rising oil prices dampened investor sentiment.
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Top 3 Nifty50 gainers on Friday!

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A stock showing 10%+ dividend yield looks tempting, right? 👀
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FIIs heavily selling IT in 2026. Will Indian IT rebound strongly this year?A)
Anonymous Poll
41%
Yes – AI tailwinds kick in
22%
No – US slowdown + visa issues
10%
Only mid/smallcaps recover
31%
Flat for 6+ months
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List of stocks that are trading near their breakdown levels. A move below the key level is likely to trigger fresh sell-off in the short term.

To know more about these stocks https://sedg.in/69pma1sq
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FIIs dumping IT stocks in 2026?
AI disruption fears + US visa hikes + slower global tech spend = weaker growth outlook & valuation reset.
DIIs are cushioning the blow, but the sector's in transition mode.
Why now & what's next? Full breakdown here 👇
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