Indian Stock Market Posts Solid Gains, Snapping Two-Day Losing Streak

On March 10, 2026, the Indian stock market posted significant gains, snapping a two-day losing streak. The Sensex surged 640 points, or 0.82%, to close at 78,205.98, while the Nifty 50 advanced 234 points, or 0.97%, to finish at 24,261.60.

Market Analysis

The Nifty 50 staged a strong recovery, closing near 24,261, indicating a rebound after recent selling pressure in the broader market. The index opened on a firm note and maintained positive momentum through most of the session, supported by buying in heavyweight stocks. According to Sumeet Bagadia, Executive Director at Choice Broking, immediate support is now placed around 24,100–24,000, which could act as a short-term stability zone.

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Bank Nifty

The Bank Nifty also traded with a strong positive bias, closing near 56,950, reflecting renewed buying interest across major banking stocks. The index rebounded sharply during the session and reclaimed higher levels after the recent corrective phase. On the Bank Nifty outlook, Bagadia added that immediate support is now seen around 56,600–56,700, which remains crucial to maintain the recovery momentum.

Stock Picks

Sumeet Bagadia recommends five shares to buy on Wednesday:

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1. Anupam Rasayan India

• Buy at ₹1294.10, Target ₹1400, Stop Loss ₹1220
• The stock exhibits a constructive technical profile on the daily chart, with a rounding bottom pattern near the 1,200 level and strong bullish candles that reclaimed major moving averages.

2. Schneider Electric Infrastructure

• Buy at ₹923.60, Target ₹1000, Stop Loss ₹880
• The stock displays a robust bullish trend on the daily timeframe, characterized by a sharp recovery from its recent lows and a clear cup and handle pattern.

3. MM Forgings

• Buy at ₹446.80, Target ₹485, Stop Loss ₹425
• The stock exhibits a positive recovery setup on the daily chart, with a healthy pullback followed by a stabilisation phase and a neutral to positive momentum shift.

4. Godawari Power and Ispat

• Buy at ₹253.80, Target ₹275, Stop Loss ₹241
• The stock demonstrates a resilient technical setup, consolidating within a broad range and showing strong support near the 200-day EMA.

5. Aurobindo Pharma

• Not included in the original article, but may be considered based on individual analysis.