The Tourism and Capital Market indices outperformed, rallying over 3.5 percent.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities:
Mumbai, March 24, 2026: Today, the benchmark indices witnessed a pullback rally. The Nifty ended 445 points higher, while the Sensex was up by 1372 points. Among sectors, all the major sectoral indices traded in the green, but the Tourism and Capital Market indices outperformed, rallying over 3.5 percent. Technically, on the backdrop of positive global sentiment, the market opened with a gap and maintained the positive momentum throughout the day. A bullish candle on daily charts and a reversal formation on intraday charts indicate the continuation of the pullback rally in the near future.
We are of the view that 22,800/73500 and 22,650/73000 would act as key support zones for traders. Above these levels, the market could continue its positive momentum until 23,175-23,300/74500-74800. However, below 22,650/73000, sentiment could change. If the market falls below this level, traders may prefer to exit their long positions.
