Motilal Oswal Analyst Suggests Three Stocks for Purchase on March 13, 2026

Indian Stock Market Outlook

Market Overview

The Indian stock market is expected to open lower on Friday, 12 March 2026, with the frontline indices, Nifty 50 and Sensex, likely to extend losses from previous sessions. Rising crude oil prices amid the ongoing US-Iran war continue to dent investor sentiment.

Market Performance

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In the previous session, the equity market ended sharply lower, with Nifty 50 slipping below the 23,700 level. The Sensex crashed 829.29 points, or 1.08%, to close at 76,034.42, while Nifty 50 settled 227.70 points, or 0.95%, lower at 23,639.15.

Nifty Options

The maximum Call Open Interest (OI) is at 24,500 then 24,000 strike, while the maximum Put OI is at 23,000 then 23,500 strike. Option data suggests a broader trading range in between 23,100 to 24,100 zones, while an immediate range between 23,400 to 23,900 levels.

Nifty 50 Outlook

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The Nifty 50 index formed a small-bodied bearish candle on the daily chart, with wicks on both sides, indicating intense intraday tussle between bulls and bears. The index continues to form lower lows for the third consecutive session and eventually closed the day with losses of 230 points. Now, till Nifty 50 holds below 23,900 zones, weakness could be seen towards 23,500 then 23,200 zones, while hurdles have shifted lower to 23,900 then 24,100 zones.

Bank Nifty Outlook

The Bank Nifty index ended 634.80 points, or 1.14%, lower at 55,100.95 on Thursday, forming a small-bodied candle on the daily scale with a long upper shadow as selling pressure is seen at higher zones. Now, till Bank Nifty index holds below 55,250 zones weakness could be seen towards 54,750, then 54,500 zones, while on the upside, hurdle is seen at 55,250 then 55,500 levels.

Stock Recommendations

Chandan Taparia recommends buying the following stocks:

• NTPC: Buy | Target Price: ₹410 | Stop Loss: ₹378
• Hindalco Industries: Buy | Target Price: ₹1,040 | Stop Loss: ₹935
• Cummins India: Buy | Target Price: ₹5,080 | Stop Loss: ₹4,600