Indian stock markets are closed today, 26 March 2026, on the occasion of Shri Ram Navami. The markets rebounded during Tuesday’s, 24 March 2026, session and continued their trajectory during yesterday’s, 25 March 2026, session as well. This rebound came amid reports of de-escalation in the Middle East and ease in oil prices.
On Wednesday, 25 March 2026, the Sensex rose 1,205 points or 1.63% to close at 75,273.45, while Nifty 50 surged 394 points or 1.7% to settle at 23,306. Further, India VIX has fallen to 24.5 from 27.17, indicating a decrease in market anxiety.
On the contrary, the Indian rupee remained under pressure, as it was standing close to an all-time low of 93.97 per dollar compared to 93.87 in the previous session, a sign of weakness in the currency.
Technically, the Sensex formed a green candle that had a long upper wick, suggesting positive momentum in the short term and gradual recovery from the recent corrective trend.
Key technical levels show that the support is located within the 74,500-74,700 area, which is likely to be a demand zone on decline. Resistance lies in the 75,800-76,000 range, where profit-booking might be experienced.
The near-term outlook remains positive. The uptrend can be continued only with a movement above the resistance.
The Nifty 50 also formed a bullish candle with a long upper shadow, indicating the continuation of the uptrend from Tuesday, 24 March 2026. The pullback has lifted the index above its 10-day SMA at 23,240 for the first time since the start of the Middle East conflict.
The RSI continued its uptrend after being in oversold territory during the correction, currently at 40.12, reinforcing the strength of this recovery. The key support for the index has shifted higher to 23,060, while resistance is seen between 23,378 and 23,618. A break above this resistance band could take the index toward 23,800-24,000 in the near term.
On Wednesday, Bank Nifty rose 1,102.45 points or 2.10% to close at 53,708.10, backed by sustained buying interest across PSU and private banking stocks.
The index opened strong and maintained its positive bias throughout the session, supported by steady buying across key banking names.
The RSI is sharply rising toward 40, indicating improving momentum and a gradual recovery in buying interest. Near-term support levels are at 51,942-50,849, and resistance levels are at 55,4740-56,567.
Also Read: US Stock Market Today: S&P 500 Gains, Treasury Yields Drop as US Pushes 15-Point Iran Peace Plan
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