Indian Stock Market Overview: March 12

Indian Stock Market Outlook for Thursday, March 12, 2026

Market Trends

The Indian benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday, tracking weak global market cues. Surging crude oil prices have stoked inflation fears, and investors remain cautious amid the escalating US-Iran tensions in the Middle East.

Gift Nifty and Nifty Futures

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The Gift Nifty was trading around 23,819 level, a discount of nearly 120 points from the Nifty futures' previous close. This indicates a negative start for the Indian benchmark index.

Previous Day's Performance

On Wednesday, the Indian stock market crashed amid cautiousness over the ongoing US-Iran war, with the benchmark Nifty 50 slipping below 23,900 level. Sensex tanked 1,342.27 points, or 1.72%, to close at 76,863.71, while the Nifty 50 settled 394.75 points, or 1.63%, lower at 23,866.85.

Sensex Prediction

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Analysts expect Sensex to continue its weakness from current levels, with a long bearish candle on daily charts and a lower top formation. The immediate support for Sensex is seen at 76,000 - 76,200, and this area must hold to prevent a larger correction. Immediate resistance is placed at 77,500 - 77,700.

Nifty 50 Prediction

Nifty 50 formed a bearish candle on the daily chart, continuing to trade below its key moving averages, indicating a weak broader trend. Analysts expect the index to slide below the recent swing low of 23,697 in the short term. Immediate resistance is placed at 24,050 levels.

Bank Nifty Prediction

Bank Nifty index slumped 1,215.05 points, or 2.13%, to close at 55,735.75 on Wednesday, forming a large bearish candle, indicating renewed selling pressure. The immediate support for Bank Nifty is placed in the 55,400 - 55,300 zone.

Market Volatility

India VIX rose sharply by 11.41% to settle at 21.06, indicating an increase in market volatility and suggesting wider price swings may continue in the coming sessions.