News

Stock market today: The domestic stock markets made further gains on Wednesday, March 25, starting on a positive note as investor optimism grew after news of a possible ceasefire between the United States and Iran.

At 11:01 IST, The Nifty 50 trades at 23,386.65, an increase of 474 points or 2.07%, while the BSE Sensex rose by 1,481 points or 2% at 75,570.85.

Even with the persistent volatility driven by uncertainty surrounding geopolitical issues, investors remained cautiously optimistic.

Crude oil prices showed indications of decreasing, with Brent crude falling by 4.78% to USD 99 per barrel, providing some relief to global markets.

In the commodities market, gold values made a notable rebound, climbing by 3.37% to hit ₹143,600 for every 10 grams of 24 karat gold. Silver values also rose by 4.82%, reaching ₹234,542 per kilogram.

Positive global indicators were evident as US futures and Asian markets advanced, fueled by hopeful speculation regarding a potential month-long ceasefire.

Nifty 50 has closed in the positive territory in the last trading session after hitting the panic low below 22,500 levels. The Index had a positive weekly series; however, it couldn’t close above 23,000 levels indicating supply pressure at the higher levels. Now, the range for the Index is 22,450 to 23,500 until the gap area on the upside.

The India VIX has shot up quite a lot until 27 and over levels, however, it had fallen in yesterday’s trading session to almost 25 now which is a short-term relief. The IVs had inched to 34 which is 1-year highest levels and from there it has cooled off to 28 levels now indicating that there can be some pause in the markets after such a big decline. The further trend should be up until the recent lows of 22,400 is broken and on the upside, there can be a bounce until 23,500 levels.

Jay Thakkar of ICICI Securities recommends Eternal Futures, HCL Technologies Futures, and Indian Oil Corporation (IOC) Futures.

The stock has shown good resilience in the near term and there has been short covering as well. The stock has met the equality target on the lower side indicating that the minimum targets on the lower side are met. There has now been some put additions at the lower levels from 230-200 levels indicating that these well now act as support. The stock has closed above its max pain levels of 235 which is also a positive sign, hence one can go long in the short term.

HCL Tech has provided a breakout from the sideways consolidation and with that there is a high possibility of a short covering in the near term. Overall, the IT stocks have fallen by almost 30% since the recent highs of 40000 and now with this steep fall the Index is likely to bounce back on account of short covering. There have been significant shorts built up and with a recovery in the market, a short covering move cannot be ruled out in this stock. There has been put additions at the lower levels from 130-1360 strikes and on the upside 1380 has the highest call base beyond which further short covering cant be ruled out.

There has been significant short built up in oil marketing stocks especially IOC, however, now the crude oil prices on international levels seems to have reversed for the 3rd time from near 120 levels indicating that there is a higher chance of short covering from the current levels. There is highest call base at 150 strike, hence that is the 1st target and beyond that 156, whereas, there has been put additions from 135-140 strikes, so they will provide support at the lower levels.

Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 24/03/2026 or have no other financial interest and do not have any material conflict of interest.

The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players.

At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors.

Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation.

Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories