Liquide Market Summary 11th March 2026
After a strong rebound in the previous session, the market came under pressure again on March 11, with the Nifty 50 falling below 23,850 intraday, amid widespread selling across sectors.
Indian Stock Market Today: After a strong rebound in the previous session, the market came under pressure again on March 11, with the Nifty 50 falling below 23,850 intraday, amid widespread selling across sectors.
The market opened weak, influenced by mixed global cues, and extended its losses as the session progressed, dragging the benchmark indices to their lowest levels in 11 months.
Broader indices outperformed the main indices, with the Nifty Midcap index dropping 1.2%, while the Smallcap index fell 0.4%.
On the sectoral front, Auto, FMCG, PSU Bank, Financial Services, Realty, Private Banks and IT indices saw declines of 1-3%, while Oil & Gas, Energy and Pharma ended in the positive territory.
NIFTY: The index opened 29.75 points lower at 24,231.85, reached a high of 24,299 and closed at 23,866.85. Nifty formed a sizeable bearish candle, indicating strong selling pressure at higher levels. Immediate resistance is placed at 23,950, while immediate support stands at 23,800.
BANK NIFTY: The index opened 160.40 points lower at 56,790.40, reached a high of 56,938.40 and closed at 55,735.75. Bank Nifty also formed a long bearish candle on the daily timeframe. Immediate resistance is placed at 56,000, with support around 55,300.
Stocks in News
- Jain Irrigation Systems: Stock surged nearly 10% following the Union Cabinet's announcement to increase the Jal Jeevan Mission outlay by ₹1.51 trillion, which is positive for irrigation and water infrastructure stocks.
- HG Infra Engineering: Stock jumped 6% after the company secured a ₹401.33 crore order from Anuppur Thermal Energy in Anuppur.
- Waaree Renewable: Stock rose 3% after the company signed a contract for a 300 MWAC / 420 MWp solar PV EPC project.
Other News
- Asian markets showed mixed performance as caution prevailed, with ongoing risks from the Middle East conflict keeping sentiment varied across the region.
- European shares declined on Wednesday as investors weighed the economic impact of the 12-day Middle East war, while also digesting a series of mixed corporate updates.
- Oil prices dropped on Wednesday after the Wall Street Journal reported that the International Energy Agency proposed the largest oil reserve release in its history, aiming to curb soaring crude prices amid the ongoing Middle East conflict.
- Gold steadied on Wednesday, with higher oil prices reigniting inflation concerns and dampening expectations of rate cuts. At the same time, safe-haven demand, driven by the U.S.-Israeli war on Iran, helped limit losses.
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