Liquide Market Analysis 27th March 2026
The bears took control of Dalal Street on Friday (March 27), causing a 2% decline in Indian benchmark indices. All sectoral indices ended the day in the red, reflecting the widespread market weakness.
Indian Stock Market Today: The bears took control of Dalal Street on Friday (March 27), causing a 2% decline in Indian benchmark indices, driven by broad-based selling across sectors.
The market opened on a negative note, influenced by weak global cues, with selling pressure intensifying throughout the day. The Nifty index dropped to an intraday low of 22,804.55 before closing near the day's lowest point.
Broader markets mirrored this downturn, with the Nifty Midcap index falling 2.2% and the Nifty Smallcap index down by 1.7%. The market capitalization of BSE-listed companies fell by Rs 8.97 lakh crore, reaching Rs 422.04 lakh crore from Rs 431.01 lakh crore on Wednesday.
All sectoral indices ended the day in the red, reflecting the widespread market weakness.
Technical Analysis: Nifty & Bank Nifty Levels
Nifty 50: Opened 132.90 points lower at 23,173.55, reached a high of 23,186.10 and closed at 22,819.60.
- Immediate Support: 22,685
- Immediate Resistance: 23,050
Bank Nifty: Opened 463.85 points lower at 53,244.25, reached a high of 53,292.50 and closed at 52,274.60.
- Immediate Support: 52,000
- Immediate Resistance: 52,815
Market Analysis: Key Trends
Stocks in News
- HEG: Stock surged nearly 14%, driven by a positive global cue following GrafTech International's announcement of a price hike of $600–1,200 per tonne. GrafTech holds ~25–30% market share in ex-China markets.
- OFSS: Stock jumped over 5% after the company signed a perpetual software licensing deal worth $100 million with an existing global banking client in the US.
- AZAD: Stock gained nearly 1% following the company’s 8-year agreement with Mitsubishi Heavy Industries, Japan, for the supply of complex gas turbine hot-section nozzle vanes.
Global Macro & Commodity Update
- European shares fell on Friday, with a broad selloff, as investors continued to express concerns over the Middle East conflict, which has escalated inflation risks and clouded the global economic outlook.
- Oil prices rose on Friday but were on track for their first weekly decline since February 9. The pause in attacks on Iran's energy plants by President Trump eased some fears, but investors remain uncertain about the potential for a ceasefire in the month-long war.
- Gold experienced a rise on Friday due to bargain-hunting, though it remained on track for its fourth consecutive weekly loss. Read: 4 Reasons Behind Gold's 2026 Sell-Off
- Indian rupee hit an all-time low of 94.84 per dollar on Friday, putting the currency on course for its worst fiscal-year drop in over a decade.
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