Liquide Market Summary 9th March 2026

Indian Stock Market Today: Indian equity markets extended Friday’s sell-off amid escalating geopolitical tensions in the Middle East, which triggered a significant jump in crude oil prices.

Weak global cues and the rupee hitting a fresh low also weighed on investor sentiment. However, buying at lower levels helped trim some of the intraday losses as crude prices eased from their highs.

Broader markets underperformed the benchmark indices, with the Nifty Midcap and Nifty Smallcap indices declining ~2% each. The market capitalisation of BSE-listed companies fell by more than ₹8,00,000 crore to about ₹4,41,00,000 crore on Monday. Except for IT, all sectoral indices ended the session in the red.

NIFTY: The index opened 582.40 points lower at 23,868.05, reached a high of 24,078.15 and closed at 24,028.05. Nifty formed a bullish candle with a long lower shadow after a significant gap-down opening, indicating a sharp downtrend followed by some recovery. Immediate resistance is placed at 24,150, while immediate support stands at 23,950.

BANK NIFTY: The index opened 1,661.85 points lower at 56,121.40, reached a high of 56,274.15 and closed at 56,019.80. Bank Nifty formed a small bearish candle with a long lower and minor upper shadow, indicating buying interest at lower levels. Immediate resistance is placed at 57,300, with support around 56,600.

Other News

• Asian markets fell sharply on Monday as investors reacted to a surge in oil prices and rising geopolitical tensions in the Middle East.
• European shares dropped to their lowest level in more than two months as the sharp rise in oil prices intensified inflation concerns and the US-Israeli conflict with Iran showed no signs of easing.
• Oil prices surged, with Brent crude briefly touching about $119.50 per barrel, the highest level since mid-2022, as the escalating conflict involving Iran raised fears of disruptions to global energy supplies.
• Gold declined on Monday as the U.S.-Israeli conflict with Iran heightened inflation concerns, reducing expectations of near-term U.S. interest rate cuts and strengthening the dollar.

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