Motilal Oswal Analyst Recommends Stocks for Buying and Selling on 10 March 2026

Indian Stock Market Rallies Amid Global Optimism

On Tuesday, 10 March 2026, the Indian stock market registered a significant recovery, with the benchmark indices gaining over half a percent each. The BSE Sensex surged 356.03 points, or 0.46%, to close at 77,922.19, while the Nifty 50 gained 103.55 points, or 0.43%, to trade at 24,131.60.

The rally was largely driven by a surge in global markets, following US President Donald Trump's hint that the US-Iran war in the Middle East could be nearing an end. However, sentiment remains cautious due to elevated crude oil prices and fears of the conflict widening.

Nifty 50 Outlook

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The Nifty 50 index formed a bullish candle on the daily chart, indicating buying support at lower levels. However, follow-up buying remained absent, and selling pressure continued to emerge on every bounce. According to Chandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services, the index is forming a sequence of lower lows, highlighting sustained weakness. He recommends a range of 23,500 to 24,500 zones for trading.

Bank Nifty Outlook

The Bank Nifty index was trading higher by 524.90 points, or 0.94%, at 56,544.70. The index slumped 3.05% in the previous session, forming a small bearish candle on the daily scale. Taparia suggests holding below 56,250 zones for weakness towards 55,500 and 55,250 zones, while on the upside, a hurdle is seen at 56,250 and 56,500 levels.

Stock Recommendations

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Taparia recommends buying Torrent Pharmaceuticals and Multi Commodity Exchange of India (MCX) shares, while suggesting selling Maruti Suzuki India stock futures. Key details of his recommendations are as follows:

• Torrent Pharmaceuticals: Buy target price of ₹4,650, stop loss at ₹4,235
• MCX: Buy target price of ₹2,760, stop loss at ₹2,500
• Maruti Suzuki: Sell target price of ₹12,740, stop loss at ₹13,950