Stock Market Live Updates | Gift Nifty Signals Weak Start For Indian Markets
By Bajaj Broking Team
March 12, 2026
10 mins read
Market News
Synopsis:
Today’s share market’s key developments include: Wipro signed a TruStage contract, Omnitech secured a ₹920 crore deal, and KEC International received ₹1,476 crore orders. Motherson expanded its Yutaka stake, Vascon won an AMC project, Ashok Leyland announced a battery plant, while Borosil and Mahanagar Gas face supply disruptions.
3:40 PM IST
Closing Bell | Sensex falls 830 points | Nifty slips below 23,650
Indian equity benchmarks ended lower as the Sensex declined by 830 points and the Nifty slipped below 23,650 amid continued market pressure. Among major gainers, TTK Prestige, KPR Mill, Adani Power and Adani Total Gas recorded strong advances. On the downside, IndusInd Bank, Cholamandalam Financial Holdings, Amber Enterprises and TVS Motor Company were among the key laggards. Market expert Sunil Subramaniam noted that private banking stocks remain under pressure due to FII selling through ETF outflows, futures positions and stock sales, while investors are advised to accumulate gradually during market declines.
2:40 PM IST
Stock Market LIVE Update | Sensex drops 500 points | Nifty slips below 23,750
Indian equity benchmarks declined during the session, with the Sensex dropping around 500 points and the Nifty slipping below 23,750. CareEdge Global IFSC, a subsidiary of CARE Ratings, secured a licence from the IFSC Authority. Somany Ceramics indicated that production at its Bahadurgarh plant may be affected due to gas supply restrictions from GAIL. Meanwhile, 16 shares of NTPC Green Energy changed hands in a block deal, pushing the stock higher. On the downside, TVS Motor, IndusInd Bank, Rajesh Exports, Varun Beverages, and Ashok Leyland led the losses.
1:40 PM IST
Stock Market LIVE Update | Sensex drops over 250 points | Nifty slips below 23,850
Indian equity markets traded lower as the Sensex declined more than 250 points and the Nifty slipped below 23,850 amid cautious sentiment. In commodities, zinc futures dropped to ₹328.30 per kg after participants trimmed positions due to weak demand from consuming industries. Copper futures also edged lower, falling to ₹1,221.80 per kg on the MCX as subdued domestic demand weighed on prices. Among stocks, TVS Motor, IndusInd Bank, Rajesh Exports, Varun Beverages, and Ashok Leyland were among the top losers during the session.
12:40 PM IST
Stock Market LIVE Update | Sensex drops over 400 points | Nifty trades below 23,750
Indian equity benchmarks declined on Thursday, with the Sensex dropping more than 400 points and the Nifty slipping below 23,750. Paint, aviation, and tyre stocks fell by as much as 4 percent after crude oil prices surged above $100 per barrel amid intensifying Iran–Israel tensions. Asian Paints, Berger Paints, InterGlobe Aviation, and JK Tyre were among the notable laggards. Meanwhile, TVS Motor introduced its new Orbiter V1 model priced at ₹49,999. Nomura also initiated coverage on Tata Capital, L&T Finance, and Piramal Finance, expecting NBFCs to outperform banks over the long term.
11:40 AM IST
Stock Market LIVE Update | Sensex drops over 500 points | Nifty slips below 23,750
Indian equity markets declined, with the Sensex dropping over 500 points and the Nifty slipping below 23,750. IndiGo parent InterGlobe Aviation fell after Citigroup lowered its target price to ₹5,100 citing operational concerns, though it maintained a Buy rating. Gold prices eased as a stronger US dollar and reduced expectations of rate cuts pressured bullion. Bitcoin hovered near $70,000 amid macro uncertainty despite institutional inflows. Meanwhile, Jefferies reduced Bharti Airtel’s target price due to possible delays in Reliance Jio’s IPO and broader macro risks.
10:40 AM IST
Stock Market LIVE Update | Sensex drops over 300 points | Nifty slips below 23,800
Indian equity markets traded lower with the Sensex declining over 300 points and the Nifty slipping below 23,800 amid rising global uncertainties. Government bond yields climbed as Brent crude moved above $100 per barrel, triggering concerns over inflation and fiscal pressure. The benchmark 6.48% 2035 bond yield rose to 6.6677%. Meanwhile, Adani Total Gas, NLC India, and JSW Energy were among key gainers. Oil marketing companies declined as crude surged after geopolitical tensions involving Iran raised fears of supply disruptions. Food delivery stocks also fell amid concerns over commercial LPG shortages.
9:40 AM IST
Stock Market LIVE Update | Sensex drops over 850 points | Nifty falls below 23,600
The equity market opened sharply lower, with the Sensex declining more than 850 points and the Nifty slipping below 23,600. The rupee weakened by 31 paise to 92.32 against the US dollar in early trade. Astral, Rajesh Exports, and Amber Enterprises led the early losses, while Adani Total Gas and TTK Prestige advanced strongly. Gold prices remained elevated across major cities, including Delhi, Mumbai, Chennai, and Hyderabad. Meanwhile, shares of TTK Prestige and Stove Kraft rallied after a surge in demand for induction cooktops amid global cooking gas supply concerns.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a negative opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 23,500 - 24,000.
INDIA VIX: 21.06 | +2.16 (11.41%) ↑ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
US10 Year yield rose to 4.23% ,reaching its highest level in about a month.
Currency:
Dollar index (DXY) remained slightly higher than the previous day at 99.3.
Commodities:
U.S. crude price trades near $92.5 per barrel up by 4.5%, while Brent crude trades at $97.6/oz up by 4.6%.
Spot gold is trading at $5,150/oz whereas silver was trading near $85/oz.
Asian Markets
General Trends:
Asia-Pacific markets traded lower as rising oil prices weighed on sentiment and heightened inflation concerns, while the record emergency reserve release failed to ease energy prices amid ongoing geopolitical tensions.
India Market Outlook
Market in the Previous Session:
Indian benchmark indices closed sharply lower on March 11th as mixed signals surrounding the US–Israel conflict with Iran left investors uncertain about the potential impact on global inflation and economic growth.
At the close, the Sensex fell 1,342.27 points (1.72%) to 76,863.71, while the Nifty dropped 394.75 points (1.63%) to settle at 23,866.85.
Mean while India VIX, the market’s volatility gauge, rose by 11% to 21, indicating expectations of heightened short-term market volatility.
On the sectoral front, most indices ended in the red, with Pharma (+0.41%), Energy (+0.28%) followed by healthcare (+0.14%) being sectors to post gains. Auto stocks led the decline with a fall of nearly 3%, followed by Financials (-2%) and Realty (-1%).
In the broader market, the Nifty Midcap index declined 1.2%, while Small-cap indices fell 0.3%.
TRADE SETUP FOR MAR 12
Nifty Short-Term Outlook:
The index formed a large bearish candle with a lower high and lower low, indicating weak follow-through after the recent pullback. It also gave up most of the gains from the past two sessions.
Immediate support is seen at 23,700–23,800, which coincides with the 100-week EMA and a trendline connecting the lows of CY23 and CY25. If the index holds above this zone, it may consolidate in the 23,700–24,400 range.
However, a break below the current week’s low of 23,700 could trigger further downside towards 23,500 and 23,200 in the coming sessions.
Volatility is expected to stay high due to uncertain global cues, rising crude oil prices, and escalating geopolitical tensions.
Intraday Levels:
Nifty: Intraday resistance is at 23,940, followed by the 24,050 levels. Conversely, downside support is located at 23,690, followed by 23,540.
Bank Nifty: Intraday resistance is positioned at 55,900, followed by 56,180, while downside support is found at 55,250, followed by 54,900.
Derivative Market Analysis
Nifty:
Weekly synthetic future is placed near 23,892.
Open interest increased by ~5.5%, confirming fresh short build-up in the index.
Highest call writing remains at 26,000, while immediate resistance is positioned at 24,000.
Highest put writing stands at 23,000, with immediate support near 23,500.
Call writers were dominant and aggressively active above 23,900, reinforcing overhead supply.
Put writers remained relatively muted, adding positions mainly below 23,900, with the largest additions at 23,000.
Importantly, the index failed to reclaim the 24,400 level, which was a crucial technical and derivative resistance zone.
With resistance firmly placed overhead and limited put support near spot, the derivative structure suggests further downside risk, with the index likely to drift towards the 23,500–23,700 zone.
Bank Nifty:
Bank Nifty failed to sustain above the 57,000 mark, giving up all of the previous session’s gains.
Open interest rose ~6.7%, indicating fresh short build-up.
Highest call writing is seen at 61,000, while highest put writing stands at 59,000.
Call writers were dominant and aggressively active above 56,000, forming a strong resistance cluster.
Put writers remained relatively muted, with additions mainly around 56,000.
Notably, put unwinding between 56,500–57,000 signals weakening of higher support levels and migration of support to lower strikes.
Given the current derivative positioning and loss of key levels, the index appears vulnerable to further downside in the near term towards 55000 levels.
US Share Market News
Performance Overview:
U.S. stocks closed lower on Wednesday as investors overlooked the mild inflation data and focused more on rising tensions and the impact of the U.S.-Israeli conflict with Iran.
Sector-specific indicator:
The Dow Jones Industrial Average fell 289.24 points (0.61%) to 47,417.27, the S&P 500 slipped 5.68 points (0.08%) to 6,775.80, while the Nasdaq Composite rose 19.03 points (0.08%) to 22,716.14.
Trading remained volatile as investors weighed oil supply concerns. Iran continued attacks in the Strait of Hormuz, while OPEC signalled higher Saudi output and the IEA announced a 400 million-barrel strategic reserve release.
The Dow posted the biggest percentage loss among the three major U.S. indices, while gains in chip stocks lifted the Nasdaq to a slight late-session rise.
Economic indicator:
The Labor Department’s Consumer Price Index (CPI) showed that inflation remained moderate last month and came in line with analysts’ expectations.
US CPI rose 2.4% YoY in February with monthly inflation at 0.3% and core inflation at 2.5%.
Annual CPI growth is now within half a percentage point of the U.S. Federal Reserve's 2% target.
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
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Published Date :
12 Mar 2026
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This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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