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Pre-Market 25 March: Markets Rebound; Can The Nifty Hold Above 22,900?

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Sensex jumped 1,372 points while Nifty moved above 22,900 on March 24, with markets likely to open cautious amid oil above $100, weak global cues and elevated volatility.

Indian stock markets will begin trading on Wednesday, 25 March 2026, following a strong rebound in the previous trading session. The markets witnessed a strong recovery after sustaining a setback earlier in the week, with buying activity increasing across all sectors.

The Nifty 50 recovered the 22,900 level, and the Sensex increased by 1,372 points, indicating that the current selling pressure has subsided, at least temporarily.

Markets staged a strong rebound after recent weakness.

All major sectoral indices ended in the green. Gains were seen across auto, IT, metal, banking, media, consumer durables and infrastructure stocks, with most sectors rising around 2%.

The rally was not limited to frontline stocks. The Nifty Midcap 100 & Nifty Smallcap 100 rose by about 2.6%.

Among individual stocks, Larsen & Toubro, InterGlobe Aviation, Asian Paints, Eternal and Bajaj Finance were among the key gainers. On the other hand, Coal India, Adani Enterprises, Sun Pharma, Cipla and Power Grid ended lower.

*Data as of 24 March 2026

Global markets are not offering a clear direction yet.

US futures traded slightly lower, with major indices slipping around 0.2%–0.8% ahead of the next session. This comes after a strong rebound in the previous trading day.

Fresh uncertainty around the US–Iran situation continues to keep investors cautious. Conflicting signals around possible talks and continued strikes in the region have kept risk appetite uneven.

Oil prices have turned volatile again.

Brent crude moved back above the $100 per barrel mark, trading near $104, after briefly dipping below that level. WTI crude surged as well, climbing to over $92.

In the meantime, the India VIX fell to 24.74, or around 7.4%. Volatility levels are still higher than usual even though this suggests a lowering of current market sentiment.

For investors, this suggests that despite Tuesday’s rally, the market may not carry forward the same momentum at the start of the day.

From a technical perspective, the index is approaching an important zone.

  • The 23,030–23,060 range is emerging as an immediate resistance zone. A decisive move above this band may open the door for a climb towards 23,200 in the near term.

  • On the flip side, the 22,750–22,700 range is likely to provide support, helping cushion any downward moves.

The market is currently in a pullback phase, and the next move will depend on whether it can sustain above resistance levels.

Also Read - Post Market, 24 March 2026

Wednesday’s session may begin on a cautious note. The strong rebound seen in the previous session may not fully carry forward, given mixed global cues and renewed firmness in oil prices.

At the same time, the broader trend is still stabilising after recent volatility. Crude oil remains a key trigger. Even a sharp move in either direction could shift sentiment quickly.

At this stage, the market seems to be stabilising after the recent pullback, but it hasn’t established a clear uptrend yet.

Sources:

Moneycontrol

Mint

ET

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Kotak News Desk
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