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Below the Quote on Post market comment for Tue Mar 10th by Aakash Shah, Research Analyst, Choice Broking

Indian equity benchmarks ended higher on March 10, 2026, snapping the recent losing streak as easing crude oil prices and hopes of geopolitical de-escalation improved investor sentiment. The BSE Sensex advanced 639.82 points (0.82%) to close at 78,205.98. Similarly, the Nifty 50 gained 233.55 points (0.97%) to settle at 24,261.60. The recovery was largely supported by strong buying across select heavyweight stocks as global markets stabilised following a cooling in crude oil prices

The Nifty 50 witnessed a positive session after opening on a firm note amid supportive global cues. The index maintained its upward bias through most of the day, although it pared some gains in the latter half before settling above the 24,250 mark. Technically, the 24,100–24,150 zone is expected to act as immediate support, while resistance is placed near the 24,400–24,450 range, which represents a near-term supply zone after the recent rebound. The recovery indicates a short-term pullback following the sharp correction seen in the previous sessions.

The Nifty Bank also traded with a positive bias, supported by selective buying across banking heavyweights. The index rebounded sharply after the previous session’s steep decline, indicating stability returning to the banking space. Technically, 57,200–57,300 will act as the immediate resistance zone, while 56,600–56,700 remains the key support area. Momentum indicators remain mixed, suggesting the possibility of consolidation before the next directional move.

Market volatility cooled slightly during the session as the India VIX eased from elevated levels and closed at 18.9050 to -19.08%, reflecting a moderate decline in fear among market participants. The recovery in global equities, easing concerns over crude oil supply disruptions, and renewed buying in heavyweight stocks helped stabilize sentiment. However, derivatives data suggests strong positioning around the 24,100 and 24,500 strikes, indicating a well-defined near-term trading band. Traders may continue to adopt a cautious approach, focusing on key support levels and waiting for a decisive breakout above resistance zones for fresh directional opportunities.

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