Liquide Market Summary 10th March 2026
After two sessions of heavy selling, Indian markets bounced back with a relief rally, supported by easing geopolitical concerns. The market breadth remained strong as the total market cap of BSE-listed firms increased by ₹6.5 lakh crore.
Indian Stock Market Today: After two sessions of heavy selling, Indian benchmark indices bounced back on March 10 with a relief rally, supported by easing geopolitical concerns.
Sentiment improved after US President Donald Trump indicated that US military operations in Iran could be nearing an end, which led to a sharp decline in crude oil prices.
Broader markets outperformed the benchmark indices, with the Nifty Midcap index gaining 1.6% and the Smallcap index rising 2%. The overall market breadth remained strong as the total market capitalisation of BSE-listed companies increased by ₹6.5 lakh crore to ₹447.59 lakh crore.
On the sectoral front, most indices closed in the green, while IT and Oil & Gas were the only sectors that ended the session in negative territory.
It may also be a good time to revisit how history has shaped market behaviour during geopolitical conflicts. Read our blog: Wars & Markets: Should You Panic or Buy the Dip?
NIFTY: The index opened 252.75 points higher at 24,280.80, reached a high of 24,303.80 and closed at 24,261.60. Nifty formed a small-bodied bearish candle with a long lower shadow, resembling a Doji-like candle (not a classical one). Immediate resistance is placed at 24,350, while immediate support stands at 24,200.
BANK NIFTY: The index opened 564.05 points higher at 56,583.85, reached a high of 57,097.05 and closed at 56,950.80. Bank Nifty formed a bullish candle on the daily chart after a gap-up opening. Immediate resistance is placed at 57,100, with support around 56,800.
Stocks in News
- Happiest Minds: Stock surged nearly 18% after the company raised its FY27 revenue growth guidance to 12.5% from 10%, citing accelerating momentum from its AI-First strategy and strong demand across multiple sectors.
- Dixon Technologies: Stock gained more than 11% after the company received approval from the Ministry of Electronics & Information Technology to form a joint venture with Chinese firm HKC Overseas to manufacture display modules.
- Arvind Smartspaces: Stock rose nearly 6% after reports indicated that Pirojsha Adi Godrej purchased 8,20,000 shares of the company at an average price of ₹498 per share through a block deal.
Other News
- European and Asian markets rebounded strongly on Tuesday, supported by a sharp decline in crude oil prices and easing concerns surrounding the Middle East conflict.
- Oil prices plunged about 7% after surging to a more than three-year high in the previous session. The fall came after President Trump remarked that the conflict in the Middle East could end soon, reducing fears of prolonged disruptions to global oil supply.
- Gold gained around 1% as easing oil prices helped cool inflation concerns. The precious metal was also supported by a weaker U.S. dollar and softer U.S. Treasury yields.
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