Liquide Market Summary 16th March 2026

Indian Stock Market Today: After a three-day losing streak, Indian benchmark indices rebounded in a volatile session, with the Nifty 50 closing above the 23,400 mark.

After a muted start, Indian equity markets remained highly volatile throughout the session, swinging between gains and losses. Strong buying in the final hour in in index-heavyweights helped benchmark indices recover intraday losses and end the day in positive territory.

Broader markets lagged behind the benchmarks, with the Nifty Midcap index slipping 0.3% and the Nifty Smallcap index declining 0.5%.

On the sectoral front, Auto, Financial Services, Private Bank and FMCG gained more than 1% each, while Oil & Gas, Pharma, Energy and Realty sectors declined over 1%.

NIFTY: The index opened 35 points lower at 23,116.10, reached a high of 23,502 and closed at 23,408.80. Nifty formed a bullish candle with upper and lower shadows on the daily chart. Immediate resistance is placed at 23,460, while immediate support stands at 23,220.

BANK NIFTY: The index opened 36.35 points lower at 53,721.50, reached a high of 54,664.15 and closed at 54,413.40. Bank Nifty also formed a bullish candle with upper and lower shadows, indicating a sharp rebound from lower levels amid volatility. Immediate resistance is placed at 54,600, with support around 54,000.

Stocks in News

• Bajel Projects: Stock hit the 20% upper circuit after the company secured an ultra-mega contract worth over ₹700 crore from Maharashtra State Electricity Transmission Company.
• Tejas Networks: Stock rose more than 5% after the company secured an order from a mobile network operator in South Asia for its state-of-the-art 4G Radio Access Network (RAN) solutions.
• IDBI Bank: Stock plunged over 16% after the Government cancelled the strategic disinvestment of the lender, as financial bids received for the stake sale were below the reserve price set for the transaction.

Other News

• Asian and European equities traded mixed and cautious as investors reacted to rising oil prices and escalating geopolitical tensions in the Middle East.
• Brent Crude Oil futures climbed over 1% to $104.5 per barrel, with the situation in the Strait of Hormuz remaining a key focus for investors.
• Gold prices declined on Monday, pressured by concerns that rising oil costs could fuel inflation and prompt a more hawkish stance from major central banks, including the Federal Reserve, reducing the appeal of the non-yielding asset.

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