The Indian stock market is likely to open on the negative side on Monday, 30 March 2026. This would extend its downtrend from last week, with tensions continuing in the Middle East and rising crude oil prices. 

GIFT Nifty also indicates a decline, trading at 22,602 with a 225-point discount from its previous Nifty futures close. On Friday, 27 March 2026, the Sensex backed 1690.23 points or 2.25% to close at 75,583.22, while the Nifty 50 declined 486.50 points or 2.09% to settle at 22,819.60.

Sensex Outlook

Technically, the Sensex formed a long red candle with no shadows on either side. This suggests bearish control in the near term.

The index has immediate support at the 73,000-73,100 zone. This band could act as a demand zone. A break below this could drag the index toward 72,500. On the upside, resistance is around 74,000-74,100. A sustained move above this zone is needed to rebuild positive momentum in the coming sessions. 

Nifty 50 Outlook

Nifty 50 also formed a sizable bearish candle with a lower high and a lower low. This signals a continued downtrend after two sessions of pullback. 

The 22,500-22,470 zone remains as the final make-or-break level. A breakdown below this could trigger a decline toward 22,000. It could reach 21,800 if sales accelerate. On the upside, 23,150-23,300 remains a key hurdle to regain positive momentum.

Bank Nifty Outlook 

Bank Nifty declined 1,433.50 points or 2.67% to close at 52,274.60. The index also resumed its downtrend after two sessions of pullback.

The 52,000-51,800 zone stands as the immediate support level. A break below this band could result in a deeper correction toward the 51,000 psychological level. On the upside, 53,000 and 53,300 act as key resistance. Strategy remains 'sell on recovery' until the index decisively reclaims 54,100.

Also Read: US Stock Market Today: Wall Street Drops Again as Rising Oil and Treasury Yields Hit Risk Appetite

Key Factors Affecting the Market 

Despite the remarks by US President Donald Trump, the geopolitical tensions in West Asia continue to influence market sentiment. The price of crude oil has increased by over 45% this month. This increase raises serious concerns around inflation. 

Additionally, concerns about capital outflows arise due to the added stress brought on by the weakening of the Indian rupee. The value of the rupee registered a record low of 94.96. Sustained sales by foreign institutional investors (FIIs) is another factor. They have remained net sellers for six consecutive weeks.