Stock Markets
Indian stock markets finally snapped its 10-day losing streak. Sensex surged 740 points to 73,730, Nifty jumped 254 points to 22,337. Market cap of BSE-listed stocks rose by ₹7.47 lakh crore to ₹393.06 lakh crore.
Bluechips & Mid-Small Caps rally
Coforge soared 8.6%, Adani stocks jumped up to 8%. Niy Midcap 100 climbed 2.4%, while Nifty Smallcap 100 gained 2.9%.
Biggest Correction Since Covid-Crash
– Nifty down 16% from peak, worst monthly decline since 2020
– Historically, March has been a recovery month, averaging 1.7% gains
Technical Indicators Signal Bottoming Out
The 14-week RSI is in oversold zone, which has previously led to rebounds in 87% of cases as per Akshay Chinchalkar of Axis Securities. Dollar Index (DXY) down 4%, a potential bullish sign for Nifty as per MarketSmith India.
Dead Cat Bounce or Sustainable Rally?
Uncertainty remains amid Trump tariff fears & Fed hawkishness. Investors are advised to watch global cues, inflation trends & US market reaction.
