ET Market Watch: D-St snaps 10-day dropping streak; Nifty above 22,300, Sensex at 73,730

Hello, you are listening to ET Markets Radio, I’m your host Neha V Mahajan. Welcome to a contemporary episode of ET Market Watch — the place we convey you the most recent information from the world of inventory markets each single day. Let’s get to it:

Inventory Markets
Indian inventory markets lastly snapped its 10-day dropping streak. Sensex surged 740 factors to 73,730, Nifty jumped 254 factors to 22,337. Market cap of BSE-listed shares rose by ₹7.47 lakh crore to ₹393.06 lakh crore.

Bluechips & Mid-Small Caps rally
Coforge soared 8.6%, Adani shares jumped as much as 8%. Niy Midcap 100 climbed 2.4%, whereas Nifty Smallcap 100 gained 2.9%.

Largest Correction Since Covid-Crash
– Nifty down 16% from peak, worst month-to-month decline since 2020
– Traditionally, March has been a restoration month, averaging 1.7% positive factors

Technical Indicators Sign Bottoming Out
The 14-week RSI is in oversold zone, which has beforehand led to rebounds in 87% of instances as per Akshay Chinchalkar of Axis Securities. Greenback Index (DXY) down 4%, a possible bullish signal for Nifty as per MarketSmith India.

Lifeless Cat Bounce or Sustainable Rally?
Uncertainty stays amid Trump tariff fears & Fed hawkishness. Buyers are suggested to observe international cues, inflation traits & US market response.