The Nifty ends 234 points higher, while the Sensex was up by 640 points.
Shrikant Chouhan,
Head Equity Research,
\Kotak Securities
Mumbai, March 10, 2026: Today, the benchmark indices witnessed a pullback rally. The Nifty ends 234 points higher, while the Sensex was up by 640 points. Among sectors, the Auto index was the top gainer, rallying over 3 percent, whereas the IT index registered intraday profit booking at higher levels. Technically, after a gap-up open, the market held positive momentum throughout the day. On intraday charts, it is forming a reversal pattern, which supports a further uptrend from the current levels.
We are of the view that, in the short term, the market remains weak, but as long as it trades above 24,000-24,100/77500-77700, a pullback move is likely to continue. On the higher side, 24,450-24,500/78800-79000 would be the immediate resistance zone for the bulls. Conversely, a breach of 24,000/77500 could change the sentiment. Below that, the chances of hitting 23,900-23,850/77300-77200 would increase.
