Indian stock markets are expected to open on a positive note on 1 April 2026. Easing tensions in the West Asia conflict are expected to influence the market. GIFT Nifty also indicates a sharp gap-up start. The index trades at 22,799.5, with a premium of 367 points, or 1.67% from its previous Nifty futures close.
In the last session, India VIX surged to 27.8. The figure is expected to cool off if the current sentiment sustains. A fall toward the 22 level would suggest a reduction in fear-driven positions and normalization in market sentiment.
The Indian rupee weakened toward 95.2, reflecting pressure on the financial systems. FIIs remained net sellers on Monday, 20 March 2026, by offloading shares worth Rs. 11,163.06 crore. They sold out shares worth Rs. 6,000.72 crore in the Index Future segment and Rs. 8,728.19 crore in the Index option segment.
At the close on March 30, 2026, the Sensex rose 1,635.67 points, or 2.22%, to settle at 71,947.55, while the Nifty 50 declined 488.20 points, or 2.14%, to close at 22,331.40.
Technically, in the previous session, the Sensex formed a second consecutive bearish candle with a long upper shadow. This signals the continuation of the downtrend.
The 72,500 level remains a key resistance for the index in the near term. Below this, the index could soon decline to 71,300-71,000. A close above 72,500 would indicate some short covering, triggering a short rally toward 73,000.
On Monday, 30 March 2026, the Nifty 50 also formed a bearish candle with a lower high and a lower low. This also suggests the continuation of the bearish trend.
Immediate support can be seen at 21,800-22,000; a break below this level could drag the index toward 21,500. Immediate resistance is at 22,500; a sustained move above this may take the index toward 23,000. Derivative data shows notable call writing at the 22,500 strike, while significant put interest is seen at the 22,200 strike.
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The Bank Nifty on Monday, 30 mARCH 2026, closed lower at 50,275.35. The index witnessed its steepest monthly decline of 16.94% since the COVID correction. Immediate support is placed in the 49,900-49,800 zone. A break below this level could extend weakness toward 49,500, followed by 49,200 in the short term. On the upside, the 50,600-50,700 zone will act as an immediate resistance.