Liquide Market Analysis 20th March 2026
Indian markets rebound as IT and PSU Banks lead the recovery. But with the Rupee hitting a record low of 93.71 and HDFC Bank under pressure, is the worst over? Get the key Nifty levels and CMPDI IPO details here.
Indian Stock Market Today: Indian benchmark indices rebounded sharply on March 20 after a steep decline in the previous session.
Markets opened strong and stayed positive through most of the day, supported by optimism around a potential de-escalation of the US–Iran conflict and an initial cooling in crude oil prices.
However, profit-booking at higher levels trimmed much of the early gains, with the benchmark Nifty 50 eventually closing just above the 23,100 mark.
- Nifty Midcap 100: Gained 0.7%
- Nifty Smallcap 100: Edged up 0.1%
- Top Gaining Sectors: IT, PSU Banks, Pharma and Metals (up 1.5% to 2%).
- Top Losing Sectors: Financial Services, Realty and Private Banks (down 0.5% to 1%).
IPO Watch: CMPDI IPO Opens for Bidding
The Central Mine Planning and Design Institute Ltd (CMPDI) IPO officially opened today. As the "technical brain" of Coal India, this PSU IPO is one of the most anticipated market events of 2026.
Check the latest: CMPDI IPO Review, Subscription Status & Verdict
Technical Analysis: Nifty & Bank Nifty Levels
Nifty 50: Opened 108 points higher at 23,110.15, reached a high of 23,345.15 and closed at 23,114.50.
- Immediate Support: 22,900
- Immediate Resistance: 23,290
Bank Nifty: Opened 97.20 points higher at 53,548.20, reached a high of 54,382.45 and closed at 53,427.05.
- Immediate Support: 53,250
- Immediate Resistance: 53,700
Market Summary: Key Trends
Stocks in News
- VA Tech Wabag: Stock gained 3% after securing a large international order from Georgia, with the deal value estimated between $30 million and $75 million.
- Petronet LNG: Stock declined almost 5%, extending yesterday’s 7% fall, after reports of damage at Ras Laffan — the world’s largest LNG facility — following an Iranian missile strike, raised concerns over potential supply disruptions.
- HDFC Bank: Stock slipped 2% following a 5% fall in the previous session, after the sudden resignation of part-time Chairman Atanu Chakraborty over ethical concerns. Read our full HDFC Bank Analysis here.
Global Macro & Currency Update
- Middle East Crisis: Despite efforts by the US and European nations to secure the Strait of Hormuz, oil prices remain volatile, weighing on global equity sentiment.
- Indian Rupee (INR): The Rupee hit a record low of 93.71 against the US Dollar, marking its steepest single-day decline in four years.
- Gold Prices: Saw modest bargain buying but remain pressured by a hawkish US Federal Reserve stance.
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