Indian Stock Market Outlook: March 27

Indian Stock Market Outlook for 27 March 2026

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, following weak global market cues and concerns about a spike in inflation.

Key Statistics

• Sensex: Jumped 1,205.00 points, or 1.63%, to close at 75,273.45 on Wednesday
• Nifty 50: Settled 394.05 points, or 1.72%, higher at 23,306.45 on Wednesday
• Bank Nifty: Rallied 1,102.45 points, or 2.10%, to close at 53,708.10 on Wednesday

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Technical Analysis

According to Hitesh Tailor of Choice Equity Broking, the support for Sensex is placed in the 74,500 – 74,700 zone, while resistance is seen around 75,800 – 76,000. Mayank Jain of Share.Market expects support at 74,500 – 74,600 levels and resistance at 76,000 – 76,200.

For Nifty 50, Nagaraj Shetti of HDFC Securities believes that the underlying trend continues to be positive, with further sustainable upside possible towards 23,850 levels in the near term. Vishnu Kant Upadhyay of Master Capital Services notes that the market was already in oversold territory, and the de-escalation news acted as a catalyst for short covering.

Bank Nifty Prediction

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Sudeep Shah of SBI Securities expects immediate resistance for Bank Nifty at 54,200 – 54,300 zone, while Om Mehra of SAMCO Securities believes that the index continues to trade below its short-term moving averages, keeping the broader setup under pressure.