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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nomura lowers Nifty target to 24900 vs 29300 earlier
By CNBCTV18.COM | Mar 16, 2026 9:02 AM IST (Updated)
Sensex Today | Stock Market LIVE Updates: After the second instance of a 1,000-point loss in three sessions in March, the Nifty bulls would seek some relief at lower levels, as the index is nearing a key technical level. The 78.6% retracement from the April 2025 lows to the January 2026 highs, comes to 23,096, which is just 60 points away from Friday's close.
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Sensex Today | Stock Market LIVE Updates: The biggest determinant of the market moves these days has been oil prices, which continue to remain above $100 a barrel, as trading resumed after the weekend break.
After the second instance of a 1,000-point loss in three sessions in March, the Nifty bulls would seek some relief at lower levels, as the index is nearing a key technical level. The 78.6% retracement from the April 2025 lows to the January 2026 highs comes to 23,096, which is just 60 points away from Friday's close.
Below this, the index risks a move back towards 23,000 and even 22,800, as per analysts. The texture of the market through, remains in sell-on-rallies as every intraday recovery on Friday kept getting sold into, resulting in the 500-point drop. Both Nifty and the Nifty Bank are down 13% from their respective record levels. Among stocks, watch for financial names, metal stocks like Hindalco, Waaree Energies, Data Patterns, among others.
Watch this space for all the LIVE stock market updates.
