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As of 3:05 PM, the Nifty50 was trading 3.9% higher at 23,998, while the Sensex surged 3.93% or 2,979.70 points to 77,595.7.

“It’s in a downtrend, and I don’t see any reversals at this point in time in the medium-term outlook. In the very short term, there’s a bounce—definitely a bounce. The bounce could go till ₹192 levels. That would be a very, very crucial resistance to watch.”

If it sustains above ₹192, then the next level would be around ₹208, but I am not looking at ₹208 levels as a target because there are a lot of resistances here on the charts, and my view would be negative.”

“In the very short term, yes, there is a bounce—I would not deny that. And there will be very strong resistance around ₹245 and ₹255, so that zone is very important. Overall, the trend is still negative in the medium-term outlook.

So I will be looking for downside levels of around ₹200–195. So, wait and watch. I would not suggest going short, but wait and watch. For the long-term story, it looks great to me—buy on declines should be the strategy around ₹200 levels.”India VIX fell 20%, indicating easing market volatility and improved investor sentiment following the ceasefire announcement in the US–Iran conflict.The volatility gauge, however, remains elevated, rising 115.45% on a year-to-date (YTD) basis.Top-performing stocks in the market currently include L Chola Fin Hold, Pine Labs, Ashok Leyland, Force Motors, BLS International, Craftsman, Adani Green Energy and AB Capital.All of these stocks are trading with gains of over 10% or more.

“At this point in time, data centre stocks, very specifically, we don’t have in the market. Very few of them—probably Anant Raj or some other stocks. We should look for stocks that support this overall theme, such as Cummins or Siemens. I would like to add one more, which is KEI Industries. KEI is also a very good company where we have support for these kinds of data centre themes, and that would be my pick.

The stop loss would be around ₹4,160, which is the 200-day moving average. It has just broken out of a small consolidation. I will be expecting the stock to do really well in the medium term. My medium-term targets would be around ₹5,200–5,300 levels.”

The Nifty India Defence index has surged past its 200 DMA mark today.

Industry sources say, L&T has emerged as lowest bidder for package valued at Rs 22,500 cr

Industry sources say, BHEL emerged as lowest bidder for package valued at Rs 10,300 cr

Alert: CNBC-TV18 has reached out to L&T, BHEL, response awaited

Neeraj Gambhir, Markets & Wholesale Banking Products, Axis Bank

Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI

Sakshi Gupta, Vice President & Senior Economist, HDFC Bank

Market extends gain, at day’s high, Nifty Bank on track to post biggest single-day gain in nearly 6 years

SML Mahindra | March CV Sales Update

Total March CV Sales Up 12.4% At 2,393 Units Vs 2,129 Units (YoY)

Lalit Tyagi, Executive Director, Bank of Baroda

Amit Tripathi, President and CIO – Fixed Income, Nippon India Mutual Fund on 10-year yields

The Nifty index has surged over 800 points, and these are the biggest volume-based movers among the Nifty 500 stocks.

Max Healthcare Institute Ltd. announced that it will enter the Bhubaneswar healthcare industry by purchasing a controlling stake of about 58.4% in Kalinga Hospital Ltd. for an equity value of ₹300 crore.

The Petroleum Secretary informed states that up to 70% of their pre-March 2026 bulk non-domestic LPG usage will be reimbursed to businesses such as polymer, agricultural, packaging, paints, steel, metal, and glass.

RBI Post Policy Presser

Even while the outlook for interest rates is complicated by global threats, especially from West Asia, the Reserve Bank of India’s decision to maintain the repo rate at 5.25% has put home loan borrowers on safe ground.

The markets have maintained a high level of gains.

Despite more general macro uncertainties, BMW Group India began 2026 with its best-ever quarterly performance, indicating continued momentum in the nation’s premium automobile market.

In Q1 2026, the German luxury carmaker recorded record deliveries of 4,567 vehicles (BMW + MINI), a 17% year-over-year increase. March alone contributed 1,801 units, up 14%.

Max Healthcare to acquire controlling stake in 250-bed Kalinga Hospital, Bhubaneswar

Co shall acquire 58.4% stake in KHL at an equity value of ₹300 cr

‘Based on our general supervision, we have not found any material governance concerns in HDFC Bank, says Sanjay Malhotra, RBI Governor, in the post-policy presser

The window for businesses whose initial public offerings (IPOs) have been approved but have not yet gone public has been extended by India’s market regulator.

After Sun Pharma claimed that PANTOZED-40 was confusingly similar to its well-known stomach medication Pantocid, a trademark it has developed over decades, the Bombay High Court recently prohibited the use of PANTOZED-40 by an Indian pharmaceutical business selling the medication to Kenya.

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