Indian stock markets witnessed a powerful rebound on Tuesday, as improving global cues and easing geopolitical tensions sparked a strong rally across Dalal Street.
What started as a relief rally on Monday turned into a full-fledged bullish session, with investors returning to equities after signs of stability in global energy supply routes.
The major trigger came after the Trump administration confirmed smooth vessel movement through the Strait of Hormuz, easing fears of a major disruption in crude oil supply.
This positive development boosted global sentiment, and Indian markets followed with strong gains.
📊 Benchmark Indices Performance (3:30 PM Close)
Markets closed firmly in the green with strong buying across sectors:
| Index | Change | Closing |
|---|---|---|
| NIFTY 50 | ▲ +172 pts | 23,581 |
| SENSEX | ▲ +568 pts | 76,071 |
| BANK NIFTY | ▲ +463 pts | 54,876 |
📉 Volatility cooled significantly as India VIX dropped 8.38% to 19.79, indicating reduced panic among traders.
👉 At Riddhi Siddhi Share Brokers, we observed that this rally was largely driven by:
- Short covering 📌
- Positive global cues 🌍
- Reduced geopolitical anxiety 🕊️
📊 Sectoral Performance
🟢 Top Performing Sectors
Strong buying was seen in cyclical sectors:
- NIFTY METAL ▲ 2.82%
- NIFTY AUTO ▲ 2.11%
- NIFTY REALTY ▲ 1.80%
🔴 Underperforming Sectors
Defensive sectors lagged behind:
- NIFTY IT ▼ -0.97%
- NIFTY FMCG ▼ -0.75%
👉 Investors rotated money from defensive stocks to growth and cyclical sectors.
📉 Market Internals
Market breadth remained strongly positive, reflecting broad-based participation:
- Advance–Decline Ratio: 36 : 14 (Bullish)
- India VIX: 19.79 ▼ 8.38%
- Nifty PCR (24 March): 1.00
- Nifty PCR (30 March): 1.13
- USD/INR Futures: ₹92.45 ▲ 0.08%
📊 This indicates that bulls were in control, although broader markets showed limited enthusiasm.
📌 Today’s Market Recap
1️⃣ Nifty Index
Nifty gained 0.74%, reclaiming the crucial 23,500 level after recent heavy selling.
However, technically it still trades below key moving averages:
- 21-DMA: 24,764
- 50-DMA: 25,248
- 100-DMA: 25,601
- 200-DMA: 25,304
📍 All-time high reference: 26,373 (Jan 5, 2026)
👉 View:
At Riddhi Siddhi Share Brokers, we believe the broader trend remains cautious despite the rebound.
2️⃣ Bank Nifty
Bank Nifty rose 0.85%, tracking the broader market strength.
- Previous ATH: 61,764 (Feb 2, 2026)
Both private banks and PSU banks contributed to today’s rally.
3️⃣ Market Breadth
- Advances: 36
- Declines: 14
📊 Strong breadth confirms healthy participation by bulls, though largely driven by large-cap stocks.
4️⃣ Broader Market Performance
- Nifty Midcap: ▲ +1.03%
- Nifty Smallcap: ⚖ Slightly weak
👉 Broader markets underperformed slightly, indicating cautious participation.
🔎 Stocks in Spotlight
🏦 IDBI Bank
- CMP: ₹74.10 ▼ -3.64%
- 2-Day Fall: ~20%
- Weekly Fall: ~29%
📉 Pressure due to reports of possible cancellation of stake sale plan.
📊 MCX Ltd.
- CMP: ₹2,672 ▲ +4.55%
- 2-Day Gain: ~7%
- 1-Month Gain: ~17%
📈 Trading near all-time high (₹2,706)
👉 Strong momentum due to rising commodity trading activity.
🏗️ Kalpataru Projects
- CMP: ₹1,054 ▼ -3.14%
📉 Declined despite securing ₹2,471 crore worth of new orders (profit booking seen).
🟢 Bulls of the Day
Top gainers dominated by metals & industrials:
- ETERNAL ▲ 5.59%
- TATA STEEL ▲ 4.42%
- M&M ▲ 2.85%
- HDFC LIFE ▲ 2.70%
- BEL ▲ 2.67%
🔴 Bears of the Day
IT and defensive stocks lagged:
- WIPRO ▼ -2.06%
- CIPLA ▼ -1.51%
- TATA CONSUMER ▼ -1.39%
- INFOSYS ▼ -1.26%
- ITC ▼ -1.23%
📈 Stocks at 52-Week High
- IPCA Labs (CMP ₹1546 | High ₹1624)
📉 Stocks Near 52-Week Lows
- BATA INDIA
- CIPLA
- INFOSYS
👉 Weakness persists in IT and Pharma sectors.
📊 Technical Outlook – Nifty
Nifty CMP: 23,581
🔽 Support Levels
- 23,405
- 23,250
🔼 Resistance Levels
- 23,750
- 24,000
📊 Expected Range (Wednesday)
23,422 – 23,671
⚖ Trend
Neutral
👉 The index may remain range-bound until clearer global cues emerge.
📊 Trading Radar – Stocks to Watch
🟢 Bullish (Short-Term)
- ASHOK LEYLAND
- COAL INDIA
- CG POWER
📈 Bullish (Long-Term)
- CENTUM ELECTRONICS
- STERLITE TECHNOLOGIES
- VEDANTA
👉 These stocks show positive technical setups and improving momentum.
🔴 Bearish Stocks
- PATANJALI FOODS
- SBI CARDS
- KPIT TECHNOLOGIES
🚫 Stocks to Avoid
- INFOSYS
- PERSISTENT SYSTEMS
- TCS
👉 Weak technical structure and underperformance continue.
🌍 Key Global Trigger Ahead
📢 U.S. Federal Reserve FOMC Policy Decision (Wednesday Night)
This will be a major driver for global markets, influencing:
- Liquidity
- Interest rates
- Equity direction
⚠️ Key Risk Factor
Despite the rally, risks remain elevated:
⛽ Crude oil could spike toward $150 per barrel if tensions rise again
📉 This could trigger:
- Global recession fears
- Inflation surge
- Market volatility
🧠 Strategy by Riddhi Siddhi Share Brokers
✔ Trade with strict risk management
✔ Avoid aggressive leveraged positions
✔ Focus on stock-specific opportunities
📢 Final Word
While Tuesday’s rally brought much-needed relief, the broader trend remains uncertain and dependent on global developments.
👉 Discipline, patience, and smart stock selection are key in the current market environment.
Stay connected with Riddhi Siddhi Share Brokers for daily insights, technical analysis, and market strategies. 📊🇮🇳
⚠️ Important Disclaimer
This market update is for educational and informational purposes only.
- Not investment advice ❌
- No guaranteed returns ❌
- Markets involve risk ⚠️
Investors are advised to:
✔ Consult a SEBI-registered advisor
✔ Assess risk tolerance
✔ Make independent decisions
Riddhi Siddhi Share Brokers shall not be liable for any losses arising from the use of this information.