Week in the Review

Indian equity markets snapped a six-week losing streak, posting their best weekly gains since February 2021, supported by improving global cues, a strengthening rupee, a slowdown in FII selling, and easing geopolitical tensions following signs of de-escalation in the US–Iran conflict.

Indices Analysis

For the week, the BSE Sensex jumped 5.38% to end at 77,550.25, while the Nifty 50 climbed 5.54% to settle at 24,050.60, marking their best weekly performance since February 2021.

Nifty Midcap 100 Index advanced nearly 8%, supported by gains in Ashok Leyland, ICICI Prudential Asset Management Company, Billionbrains Garage Ventures, L&T Finance, Phoenix Mills, and BSE Limited, which rose between 15% and 19%.

The Nifty Smallcap Index gained 7.6% during the week, led by stocks such as Ola Electric Mobility, Cohance Lifesciences, Neuland Laboratories, Aditya Birla Real Estate, Five-Star Business Finance, Angel One, Pine Labs, and Amber Enterprises India, which surged between 15% and 44%.

During the week, HDFC Bank recorded the highest addition in market capitalisation, followed by ICICI Bank, Bajaj Finance, and Larsen & Toubro. On the other hand, Sun Pharmaceutical Industries, Infosys, and Reliance Industries saw erosion in their market capitalisation.

Foreign Institutional Investors (FIIs) remained net sellers in Indian equities for the seventh consecutive week, albeit at a moderated pace, offloading shares worth ₹20,710.35 crore. Meanwhile, Domestic Institutional Investors (DIIs) extended their buying streak, purchasing equities worth ₹21,602.32 crore.

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Sector Spotlight

All sectoral indices ended the week in the green. The Nifty Realty Index led the gains, rising 12.8%, followed by the Nifty Capital Market Index which advanced 11.6%. The Nifty Auto Index surged 10.2%, while the Nifty Consumer Durables Index jumped over 9%. The Nifty India Defence Index also posted strong gains, rising 8.9%.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹93.04 per dollar, gaining 0.41% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹109.13 per euro, gaining 2.24% during the week, reflecting a bullish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, gaining 0.6% during the week, reflecting a bullish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are showing sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 9840. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7230–8415 but broke below short-term consolidation levels, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8785–8975. The current zone around 8960–8415 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9380 could confirm renewed bullish momentum and target 9840 or higher extension levels within the channel.

On the downside, immediate support lies near 8415–8708, followed by stronger structural support at lower levels. A breakdown below 8415 may invite deeper corrective pressure toward 8708 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.

Gold futures are showing mild recovery with a small green candle after recent red candles and consolidation. Price continues to respect the ascending trendline connecting higher lows from the strong demand base near 138900, preserving the short-term bullish structure with renewed buyer aggression despite the minor intraday dip.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 146000–148000. The current zone around 152000–153000 displays acceptance with reduced selling pressure and building strength after the pullback, reflecting buyer control near the upper part of the recent move. A decisive breakout and sustained close above 153500 could confirm renewed bullish momentum and target 155000 or higher extension levels within the channel.

On the downside, immediate support lies near 150000–149000, followed by stronger structural support at 146000. A breakdown below 150000 may invite short-term corrective pressure toward 149000–146000 levels, though the dominant uptrend strongly favors buyers on dips unless a clear break occurs.

Natural Gas futures are showing mild bearish pressure with a small red candle after failing to sustain above 254. The price has formed a lower high and is testing the ascending trendline support, confirming short-term seller aggression following the rejection from the 280 supply zone.

The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 305. The sustained weakness below 275 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 254 could accelerate downside momentum toward 247 or lower extension levels.

On the upside, immediate resistance now lies near 259, followed by stronger supply at 271–280. A breakout above 259 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.

Silver Futures are showing strong recovery with a prominent green candle after holding above the recent lows near 243000. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267810, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.

The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 246000–249000 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 249000 could signal short-term relief and trigger fresh upside momentum toward 252500 or higher, though momentum strongly favours sellers unless clear reversal occurs.

On the downside, immediate support lies at 238500–232000, followed by stronger structural demand if breakdown occurs. A clear break below 238500 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

Top Blogs of the Week!

India’s LPG Market in 2026: Supply Trends and Energy Sector Developments

As of April 2026, India is navigating its most significant energy challenge in recent history. What began in early March as a “slight concern” has evolved into a strategic crisis due to the blockade of the Strait of Hormuz amid the ongoing West Asia conflict.

Read More

Contango vs Normal Backwardation: What’s the Difference in Commodity Markets?

In today’s global commodity markets, particularly with the April 2026 supply tensions in the Strait of Hormuz affecting crude oil and maritime lanes, understanding how future prices relate to current prices is essential. 

Read More

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Apr 06 – Apr 10, 2026) first appeared on Navia Blog.

Week in the Review

In the truncated volatile trading week, the Indian market ended lower for the sixth consecutive week amid ongoing geopolitical tensions, rising crude oil prices, weak global markets and sustained selling by Foreign Institutional Investors (FIIs). However, losses were partially capped by support from IT, metal stocks and a stronger Indian rupee, which helped the market recover from deeper declines.

Indices Analysis

During the week, the BSE Sensex fell 1.65%, to end at 73,319.55, while the Nifty 50 was down down 1.52%, to finish at 22,713.10.

Bharti Airtel witnessed the highest erosion in its market capitalisation, followed by Sun Pharmaceutical Industries, NTPC Limited, and ICICI Bank. On the other hand, Tata Consultancy Services, Infosys Limited, and Bharat Electronics Limited recorded gains in their market capitalisation.

The BSE Smallcap index gained nearly 1 percent, supported by strong buying in select stocks. Latent View Analytics, Ola Electric Mobility, Carborundum Universal, and Birlasoft Limited surged 10–20 percent during the session. Other notable gainers included Fine Organics Industries, Garden Reach Shipbuilders & Engineers, RHI Magnesita India, Poly Medicure, Mastek Limited, Tata Chemicals, Chambal Fertilisers and Chemicals, Chennai Petroleum Corporation, BLS International Services, and Relaxo Footwears. However, losses were seen in stocks such as Gravita India, Apar Industries, PG Electroplast, Emcure Pharmaceuticals, Sobha Limited, Aether Industries, PTC Industries, Syngene International, and Minda Corporation.

The BSE Midcap index declined 0.5 percent, weighed down by losses in Authum Investment & Infrastructure, Ashok Leyland, Blue Star Limited, Voltas Limited, Ipca Laboratories, Max Financial Services, Mahindra and Mahindra Financial Services, Schaeffler India, SBI Cards and Payment Services, and ICICI Prudential Life Insurance Company. On the other hand, gains were seen in Lloyds Metals and Energy, National Aluminium Company, Godrej Industries, Page Industries, Persistent Systems, AIA Engineering, Procter and Gamble Hygiene and Health Care, IRB Infrastructure Developers, and Coforge Limited.

The Indian rupee snapped its four-week losing streak, posting its biggest gain in more than 12 years during Friday’s session. Earlier in the week, it had weakened past the 95 mark for the first time, hitting a record low of 95.12 on Monday. For the week, the domestic currency ended 171 paise stronger at 93.10 against the March 27 closing level of 94.81.

Foreign Institutional Investors (FIIs) extended their selling streak for the seventh consecutive week, offloading equities worth ₹29,425.34 crore. In contrast, Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth ₹29,274.93 crore during the same period.

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others. Ready to take a guess?

Sector Spotlight

On the sectoral front, the Nifty PSU Bank, and Nifty Auto indices declined sharply, shedding over 3 percent each. Meanwhile, Nifty Healthcare, Nifty Pharma, and Nifty Consumer Durables also ended lower, falling above 1 percent each. On the other hand, Nifty IT, and Nifty Metal, indices outperformed the broader market, gaining 2–3 percent during the session.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹92.67 per dollar, losing 2.08% during the week, reflecting a bearish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹106.77 per euro, losing 2.15% during the week, reflecting a bearish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, losing 1.88% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are currently showing sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 9,450–9,850. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7,230–8,415 but broke below short-term consolidation levels, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.

The broader structure remains strongly bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8,785–8,975. The current zone around 9,275–9,200 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9,525 could confirm renewed bullish momentum and target 9,850 or higher extension levels within the channel.

On the downside, immediate support lies near 9,200–8,850 (recent swing lows and trendline confluence), followed by stronger structural support at 8,415. A breakdown below 9,200 may invite short-term corrective pressure toward 8,850–8,415 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.

Gold futures are showing mild recovery with a small green candle after recent red candles and consolidation. Price continues to respect the descending trendline connecting lower highs from the peak near 160000, maintaining a short-term bearish structure with consistent seller pressure despite the minor bounce and reduced volatility near current levels.

The broader structure remains bearish on the higher timeframe, having broken and stayed below the previous support-turned-resistance zone around 153000–155800. The current consolidation near 151000–152000 shows small-bodied candles and lower volatility, indicating hesitation after the aggressive sell-off. A sustained close above 153000 could signal short-term relief and invite a corrective bounce, though momentum strongly favours continuation lower at present while the descending trendline holds.

On the downside, immediate support lies near 149000–146000 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 149000 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Natural Gas futures are currently showing mild bearish pressure with a small red candle after failing to sustain above 269. The price has formed a lower high and is holding the ascending trendline support, confirming short-term seller aggression following the rejection from the 280 supply zone.

The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 305. The sustained weakness below 275 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 262 could accelerate downside momentum toward 257 or lower extension levels.

On the upside, immediate resistance now lies near 275, followed by stronger supply at 280–288. A breakout above 275 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.

Silver Futures are showing strong recovery with a prominent green candle after holding above the recent lows near 245000. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267810, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.

The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 246000–247000 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 251500 could signal short-term relief and trigger fresh upside momentum toward 257000 or higher, though momentum strongly favours sellers unless clear reversal occurs.

On the downside, immediate support lies at 232500–223000 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 232500 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

Top Blogs of the Week!

Income Funds Explained: A Beginner’s Guide

In the current market environment of April 2026, where the Nifty 50 and various sectoral indices like PSU Banks and IT have experienced high volatility, many investors are looking for a “financial shock absorber.” While equity is for growth, Income Funds are designed for stability and regular cash flow.

Read More

What is a Stock Demerger and Why it Matters?

In the 2026 corporate landscape, demergers have become a preferred tool for Indian conglomerates to “unlock hidden value.” While a stock merger joins two companies together, a demerger is the strategic surgical separation of a business unit into a standalone, independently listed entity.

Read More

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Mar 30 – Apr 02, 2026) first appeared on Navia Blog.

March 2026 turned out to be a sharp‑correction month for the Indian stock market with crude shock, geopolitical fear, and FII‑driven profit‑booking turning the period into one of the most volatile and correction‑heavy months for Indian equities in recent years.

Nifty 50 Performance in March

March Market Roundup

March 2026 turned out to be a sharp‑correction month for the Indian stock market, as the exuberance of late February dissolved into profit‑booking, global risk‑off sentiment, and continued FII outflows. The Nifty 50 and Sensex ended well below their mid‑February peaks while domestic‑oriented flows remained broadly supportive.

Key Highlights:

Risk‑off Sentiment and Global Cues:

Markets opened March in fragile territory after the Budget‑driven bounce in February, with crude oil volatility, geopolitical tensions, and a strong‑dollar backdrop weighing on risk appetite.

FII Selling vs DII Buying:

FIIs resumed heavy selling, with net outflows running into thousands of crores on several days, including a net institutional outflow of ₹‑2,142.4 crore on March 24 alone, as foreign investors rotated out of India‑equities‑linked ETFs and cut leveraged positions. DIIs, however, continued to step in as buyers, netting large‑cap inflows on the NSE‑BSE complex, limiting the downslide on selected days and keeping the fall more orderly than a full‑blown crash.

West Asia War, Crude Oil and LPG Shock:

The West Asia war and related crude oil and LPG price spikes were arguably the dominant macro drivers for the Indian stock market in March 2026, turning the month into a sharp risk‑off episode rather than a purely technical correction. Rising geopolitical shock, energy inflation, and currency‑pressure combined to trigger large‑scale FII selling and broad‑based equity de‑risking.

Price Hikes & Rupee Weakening:

LPG price hikes in domestic cylinders (e.g., 14.2 kg LPG in Delhi rising to ₹913 in March 2026 from ₹853 in February) added to household inflation anxiety and reinforced the view that India’s import‑billed energy‑shock would weigh on consumption and corporate earnings. The Rupee weakened amid higher import‑bill concerns and global risk‑off sentiment, reinforcing the selloff on rate‑sensitive financials and import‑driven sectors.

Crude Oil Surge:

An escalating conflict in West Asia, involving Iran, the U.S., Israel, and regional actors, led to a rapid tightening of global oil supply and a ~50% monthly rally in crude prices, with Brent crude rising to over $110–112 per barrel in March, its largest monthly gain in years.

Outlook

For equity investors, March 2026 thus stands out as a corrective month where global risk‑off, FII‑driven profit‑taking, and technical breaks in banking and IT drove the indices lower, even as the underlying macro framework, GST‑driven consumption, fiscal‑prudence signals, and stable policy rates remained intact. The presence of strong DII buying suggests that Indian‑owned capital is still willing to accumulate at current levels, setting the stage for either a test of the 22,300–22,400 support in April or a recovery if global cues stabilise and FII sentiment turns less risk‑averse.

Sectoral Movements

March 2026 witnessed a broad-based sell-off across the Indian equity markets, with every major sectoral index ending the month in the red. This universal decline was spearheaded by the PSU Bank sector, which emerged as the month’s biggest loser with a staggering 19.83% drop. The bearish sentiment extended heavily into high-beta and interest rate-sensitive pockets, as the Realty, Bank, Financial Services, Private Bank, and Auto indices all served as significant drags, plummeting by more than 15% each. This synchronized retreat underscores a period of intense risk aversion and a sharp correction across India’s primary growth and credit engines.

Company Performance

Commodities Month’s Change

SME IPO Performance – March

SME March IPO: 

The Indian IPO market in March 2026 reflected a challenging environment characterized by cautious sentiment and significant volatility. Out of the 10 companies that debuted this month, the landscape was tilted toward underperformance, with 6 listings ending in the red while only 4 managed to post gains.

The month’s top performers were led by Sedemac, which achieved a 11.79% listing-day gain, closely followed by Raajmarg with a 10.21% increase. However, these modest successes were overshadowed by severe corrections among the laggards. Shree Ram faced the steepest decline, plummeting 60.67% below its issue price, while Innovision also struggled significantly, recording a 36.92% loss. This performance profile serves as a stark reminder of the heightened selective nature and pricing pressure currently defining the primary market.

Disclaimer: The IPO performances mentioned are historical examples and not investment recommendations.

Top Reads From March!

Explore our March selection of essential reads, featuring deep-dive analysis on market corrections, sector-specific performance benchmarks, and the critical psychology behind navigating a volatile landscape!

Understanding Pharmabees ETF: An Overview of Healthcare Sector Exposure

Market Volatility: Understanding Market Movements During Periods of Uncertainty

Understanding Recent Developments in India’s IPO Market in 2026

Introduction to Trend Following in Commodities

Exploring SME Sectors: Meaning, Scope, and Economic Contribution

Why is Silver More Volatile Than Gold? Key Reasons Explained

Beyond the Ticker: A Comprehensive Guide to Understanding Stock Mergers 

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others.

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post March Recap: Analyzing Equity Benchmarks and Sectoral Trends first appeared on Navia Blog.

Week in the Review

Markets declined for the fifth consecutive week, marking their longest losing streak since August 2025, amid fading hopes of a near-term resolution to the US-Iran conflict, a sharp depreciation in the Indian rupee, persistent FII outflows and rising crude oil prices.

Indices Analysis

During the week, the BSE Sensex declined 1.56%, to close at 73,583.22, while the Nifty 50 fell 1.35%, to settle at 22,819.60.

The BSE Midcap index slipped 1.3%, dragged down by stocks such as Gujarat Gas, Bharat Dynamics, New India Assurance Company, Escorts Kubota, Bajaj Housing Finance, Torrent Power, Godrej Industries, Cochin Shipyard, NTPC Green Energy, and 360 ONE WAM. However, gains in Gland Pharma, Oracle Financial Services Software, Coforge, LIC Housing Finance, Vishal Mega Mart, Persistent Systems, and Premier Energies provided some support to the index.

The BSE Smallcap index declined 1%, dragged down by stocks such as Embassy Developments, Brainbees Solutions, PTC Industries, Chennai Petroleum Corporation, RHI Magnesita India, Jaiprakash Power Ventures, Finolex Industries, Garden Reach Shipbuilders & Engineers, Relaxo Footwears, Kirloskar Brothers, Bombay Burmah Trading Corporation, Finolex Cables, and EIH, which fell between 8% and 13%. On the other hand, gains in HEG, AFFLE 3I, Emcure Pharmaceuticals, Apar Industries, ACME Solar Holdings, Sammaan Capital, Five-Star Business Finance, and Brigade Enterprises, rising between 7% and 15%.

Foreign Institutional Investors (FIIs) remained persistent sellers in Indian equities for the sixth consecutive session, offloading shares worth ₹24,596.46 crore. In contrast, Domestic Institutional Investors (DIIs) continued their buying trend, purchasing equities worth ₹26,897.05 crore.

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others. Ready to take a guess?

Sector Spotlight

Among sectors, barring IT (up 1.7%), all other sectoral indices ended in the red. The Nifty Defence and Realty indices declined 5.2% each, while the PSU Bank index fell 2.9%, the Consumer Durables index dropped 2.3%, and the Metal index shed 1.5%.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹94.75 per dollar, gaining 1.18% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹108.99 per euro, gaining 0.03% during the week, reflecting a bullish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.59 per yen, losing 0.24% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are showing sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 8,880–9,290. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7,230–8,130 but broke below short-term consolidation levels, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.

The broader structure remains strongly bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8,500–8,650. The current zone around 8,860–8,730 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9,125 could confirm renewed bullish momentum and target 9,290 or higher extension levels within the channel.

On the downside, immediate support lies near 8,725–8,575 (recent swing lows and trendline confluence), followed by stronger structural support at 8,130. A breakdown below 8,725 may invite short-term corrective pressure toward 8,575–8,130 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.

Gold futures are showing mild recovery with a small green candle after recent red candles and consolidation. Price continues to respect the descending trendline connecting lower highs from the peak near 160000, maintaining a short-term bearish structure with consistent seller pressure despite the minor bounce and reduced volatility near current levels.

The broader structure remains bearish on the higher timeframe, having broken and stayed below the previous support-turned-resistance zone around 143000–145000. The current consolidation near 139000–141000 shows small-bodied candles and lower volatility, indicating hesitation after the aggressive sell-off. A sustained close above 143000 could signal short-term relief and invite a corrective bounce, though momentum strongly favours continuation lower at present while the descending trendline holds.

On the downside, immediate support lies near 139000–136000 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 139000 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Natural Gas futures are showing mild bearish pressure with a small red candle after failing to sustain above 280. The price has formed a lower high and is holding the ascending trendline support, confirming short-term seller aggression following the rejection from the 288 supply zone.

The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 305. The sustained weakness below 282 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 273 could accelerate downside momentum toward 268 or lower extension levels.

On the upside, immediate resistance now lies near 280, followed by stronger supply at 288–297. A breakout above 280 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.

Silver Futures are showing strong recovery with a prominent green candle after holding above the recent lows near 227500. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267810, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.

The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 228500–229500 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 232500 could signal short-term relief and trigger fresh upside momentum toward 236500 or higher, though momentum strongly favours sellers unless clear reversal occurs.

On the downside, immediate support lies at 224000–220000 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 224000 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

Top Blogs of the Week!

Why is Silver More Volatile Than Gold? Key Reasons Explained

In the 2026 investment landscape, precious metals remain a critical hedge against geopolitical uncertainty. However, while Gold acts as the steady “Safe Haven,” Silver often behaves like a high-growth tech stock.

Read More

Wealth Management vs. Portfolio Management: Which One Do You Need?

In the sophisticated financial landscape of 2026, the terms “Portfolio Management” and “Wealth Management” are often used interchangeably, but they serve very different purposes.

Read More

N Coins Rewards

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Do You Find This Interesting?

DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Mar 23 – 27, 2026) first appeared on Navia Blog.

Week in the Review

Indian markets delivered a muted performance in the volatile week ended March 20, weighed down by ongoing geopolitical tensions, continued weakness in the rupee, rising crude oil prices, and sustained foreign institutional investor (FII). The benchmarks erased all gains from the first three sessions following a sharp sell-off on Thursday. However, a recovery on Friday helped the BSE Sensex and Nifty 50 close the week largely unchanged.

Indices Analysis

During the week, the BSE Sensex gained 0.07 percent, to end at 74,532.96, while the Nifty 50 gained 0.08 percent, to close at 23,114.50.

The BSE Largecap index fell 0.32 percent. Major losers were IDBI Bank, Bharat Petroleum Corporation, Solar Industries India, Lodha Developers, Indian Oil Corporation, Hindustan Zinc, Mankind Pharma, Shriram Finance. However, gainers included Waaree Energies, Eternal, Tata Steel, Lenskart Solutions, Meesho, JSW Steel, TVS Motor Company.

The BSE Midcap index ended almost flat with Brainbees Solutions, AWL Agri Business, Premier Energies, Lloyds Metals and Energy, Schaeffler India, One 97 Communications (Paytm), Bharti Hexacom rising between 7-12 percent, while Petronet LNG, Bandhan Bank, Hindustan Petroleum Corporation, Kansai Nerolac Paints, Procter and Gamble Hygiene and Health Care, Aegis Vopak Terminals fell between 7-10 percent.

The BSE Smallcap index ended on a flat note. Aqylon Nexus, Rajesh Exports, TTK Prestige, Sadhana Nitrochem, VL E-Governance and IT Solutions, Camlin Fine Sciences, SpiceJet, Ecos India Mobility & Hospitality, Everest Industries, Hindustan Oil Exploration Company, Ramkrishna Forgings, Fino Payments Bank, Filatex Fashions, Dish TV India, Shivalik Rasayan, Astec Lifesciences, DEE Development Engineers shed between 10-22 percent. On the other hand, Websol Energy System, Valiant Organics, Bodal Chemicals, Gujarat Alkalies and Chemicals, Nitco, Olectra Greentech, Deep Industries, Shaily Engineering Plastics, Network People Services Technologies, Uttam Sugar Mills added between 20-41 percent.

During the week, HDFC Bank recorded a highest erosion in its market capitalisation, followed by Hindustan Unilever, Bajaj Finance, Bharat Electronics. On the other hand, Reliance Industries, Bharti Airtel, Tata Steel recorded gains in their market capitalisation.

Foreign Institutional Investors (FIIs) were net sellers during the week, offloading equities worth -29,897.67 crore, continuing their selling streak in Indian equities for the fifth consecutive week. On the other hand, Domestic Institutional Investors (DIIs) bought equities worth Rs 30,641.90 crore.

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others. Ready to take a guess?

Sector Spotlight

Sectoral performance remained mixed in this week, FMCG and Defence indices declining in the range of 1-2 percent, while Nifty Auto, Metal, PSU Bank, IT indices gained between 0.9-2.5 percent.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹93.65 per dollar, gaining 1.22% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹108.39 per euro, gaining 2.46% during the week, reflecting a bullish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, gaining 1.42% during the week, reflecting a bullish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are showing continued sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 8,851–9,218. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7,229–8,122 but broke below short-term consolidation levels around 8,900, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8,409–8,658. The current zone around 8,768–8,658 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9,218 could confirm renewed bullish momentum and target 9,579 or higher extension levels within the channel.

On the downside, immediate support lies near 8,658–8,409 (recent swing lows and trendline confluence), followed by stronger structural support at 8,122. A breakdown below 8,658 may invite deeper corrective pressure toward 8,409–8,122 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.

Gold futures are showing mild recovery with a small green candle after the sharp red candle decline in the previous session. Price continues to respect the descending trendline connecting lower highs from the peak near 158,000, maintaining a short-term bearish structure with consistent seller pressure despite the minor bounce and reduced volatility near current levels.

The broader structure remains bearish on the higher timeframe, having broken and stayed below the previous support-turned-resistance zone around 151,880–157,060. The current consolidation near 147,500–148,000 shows small-bodied candles and lower volatility, indicating hesitation after the aggressive sell-off. A sustained close above 151,880 could signal short-term relief and invite a corrective bounce, though momentum strongly favours continuation lower at present while the descending trendline holds.

On the downside, immediate support lies near 145,227–144,468 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 145,227 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Natural Gas futures are showing bearish pressure with a red candle after failing to sustain above 293.0. The price has formed a clear lower high and is testing the ascending trendline support, confirming short-term seller aggression following the rejection from the 294.9–302.7 supply zone.

The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 304.0. The sustained weakness below 294.9 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 287.4 could accelerate downside momentum toward 279.3 or lower extension levels.

On the upside, immediate resistance now lies near 294.9, followed by stronger supply at 302.7–304.0. A breakout above 294.9 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.

Silver Futures are showing strong recovery with a prominent green candle after holding above the recent lows near 238,400. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267,283, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.

The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 243,445–246,244 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 250,951 could signal short-term relief and trigger fresh upside momentum toward 259,806 or higher, though momentum strongly favours sellers unless clear reversal occurs.

On the downside, immediate support lies at 238,400–233,636 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 233,636 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

Top Blogs of the Week!

Guide to Price Channels in Technical Analysis

In the current volatile market of March 2026, where the Nifty 50 has recently seen sharp corrections due to global geopolitical tensions, mastering channels is more critical than ever. Channels provide a “geographical map” for price action, helping you distinguish between a temporary pullback and a structural trend change.

Read More

What is Liquidation in MTF? Meaning & Process Explained 

In the fast-moving Indian markets of 2026, where global volatility is high, using the Margin Trading Facility (MTF) is like driving a high-performance car. It’s powerful, but if you don’t maintain the “engine” (your margin), the broker will pull the emergency brake-this is Liquidation.

Read More

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Mar 16 – 20, 2026) first appeared on Navia Blog.

Week in the Review

The escalating geopolitical tensions in West Asia pushed the Indian benchmark indices to their a notable weekly decline in nearly four years. Except for Tuesday’s session, the market ended lower on all other days amid negative global market sentiment, continued rupee depreciation, persistent FII selling, and rising crude oil prices.

Indices Analysis

During the week, the BSE Sensex declined 2.96 percent, to close at 74,563.92, while the Nifty50 declined 3.02 percent, to end at 23,151.10.

The BSE Smallcap index shed 3.6 percent during the week, with Aqylon Nexus, Silver Touch Technologies, SEPC, InfoBeans Technologies, Amber Enterprises India, PG Electroplast, Yasho Industries, Sapphire Foods India, Capacite Infraprojects, Sunteck Realty, Rain Industries, Network People Services Technologies, Dynamatic Technologies, and Precision Wires India falling by up to 22%, while Confidence Petroleum, Chemplast Sanmar, Jindal Poly Films, Happiest Minds Technologies, Apollo Pipes, Liberty Shoes, TTK Prestige, and VTM gained between 15% and 22%.

The BSE Largecap index shed 5 percent with Polycab India, IDBI Bank, Meesho, Larsen & Toubro, TVS Motor Company, UltraTech Cement, Mahindra and Mahindra, Eicher Motors, IndusInd Bank, Maruti Suzuki India, Tata Motors Passenger Vehicles, Varun Beverages, and Tata Motors falling between 10 and 15 percent.

The BSE Midcap index declined 4.5 percent with KEI Industries, Bharat Forge, Ashok Leyland, Schaeffler India, Colgate Palmolive (India), The Ramco Cements, IDFC First Bank, Hexaware Technologies, Godrej Industries, and APL Apollo Tubes falling between 10% and 15%. However, gainers included Premier Energies, LT Technology Services, Aurobindo Pharma, Ipca Laboratories, Brainbees Solutions, Suzlon Energy, and Dixon Technologies. On the other hand, Adani Total Gas, NTPC Green Energy, Coal India, Adani Power, ABB India, and Tata Power Company advanced between 5 and 17 percent.

During the week, State Bank of India saw the record the largest decline in market capitalisation, followed by Larsen & Toubro, HDFC Bank, and Bajaj Finance. In contrast, NTPC, Power Grid Corporation of India, and Sun Pharmaceutical Industries recorded gains in their market capitalisation.

Foreign Institutional Investors (FIIs) extended their selling for the fourth consecutive week, offloading equities worth Rs 35,052.03 crore, while Domestic Institutional Investors (DIIs) remained net buyers with purchases worth Rs 37,739.78 crore.

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others. Ready to take a guess?

Sector Spotlight

All the sectoral indices ended in the red, led by notable declines in auto and banking stocks. Nifty Auto declined 7.9%, Nifty Defence fell 7.0%, Nifty PSU Bank and Nifty Private Bank dropped above 4% each, while Nifty Metal declined 3.9%.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹92.49 per dollar, gaining 0.63% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹105.74 per euro, losing 0.42% during the week, reflecting a bearish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.57 per yen, losing 0.32% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are showing a sharp corrective pullback after the strong impulsive rally toward the 9607 extension area. The price has formed a prominent red candle with increased volatility, indicating short-term profit booking or rejection near the upper levels following the breakout from the 6800–8300 zone. The overall the broader price structure reminds upward-biased on the higher timeframe, supported by the ascending trendline from the 5901–6000 base. The recent advance has been impulsive with multiple higher highs, but the latest session’s rejection suggests temporary exhaustion or consolidation after the parabolic move. A sustained close above 9000–9607 further price movement wil depend on market conditions and supply-demand factors. On the downside, immediate support lies near 8300–8500, followed by stronger levels near 7999–7402. A breakdown below 8300 may invite deeper corrective pressure toward 7999–7402, though the broader trend remians upward unless key support levels are breached unless clear rejection persists.

Gold futures are consolidating just below the immediate resistance zone around 161000–162000. Price continues to respect the ascending trendline connecting higher lows from the strong demand base near 150523–152000, maintaining a short-term bullish structure despite the mild pullback in the latest session. The current zone around 160185–161000 shows small-bodied candles and reduced volatility, indicating hesitation and balance between buyers and sellers near the upper boundary of the recent advance. The area near 161967–162000 remains a persistent supply barrier with multiple tests showing rejection. A decisive breakout and sustained close above 162000 may indicate continued price movement and could move toward higher price levels. On the downside, immediate support lies near 158902–158000, followed by stronger structural support at 150523–152000. A breakdown below 158902 may invite short-term corrective pressure toward 156000–150523 levels.

Natural Gas futures are showing strong bullish momentum after breaking and sustaining above the key resistance zone around 290–307.9. The price has formed a clear higher high and higher low structure, with the latest green candle closing near highs and confirming follow-through buying following the reversal from the 257.9–260 demand base. The descending trendline from February highs has been decisively broken, shifting the short-term bias firmly bullish and validating the breakout from the multi-week downtrend channel. The advance above 290–307.9 has been supported by increased volatility and buyer aggression, though the current level near 297 is seeing some consolidation after the sharp move. A sustained close above 307.9–310 future price movements will depend on market conditions. On the downside, immediate support now lies near 290–295, followed by stronger demand at 270–274 and deeper levels near 257.9–260. A breakdown below 290 would be required to challenge the current bullish shift and invite corrective pullback toward 270–260, though price movement currently reflects upward momentum.

Silver futures are consolidating in the upper portion of the recovery range after a modest pullback from the 270000 area. Price continues to hold firmly above the ascending trendline connecting higher lows from the major demand base near 231368–257971, preserving the short-term bullish structure with consistent buyer support on dips. The broader structure remains range-bound between the strong demand zone at 231000–240000 and the persistent supply/resistance area around 270000–291941. The current consolidation near 267000–269000 acts as short-term support, with the latest small red candle showing controlled profit booking and hesitation near the upper channel boundary. A decisive breakout and sustained close above 270000 may indicate continued upward price movement and potentially could lead to movement toward higher resistance levels . On the downside, immediate support lies at 266000–267000, followed by stronger demand near 260000 and the major zone at 257971–231368. A breakdown below 266000 may invite short-term corrective pressure toward 260000–231000.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

Top Blogs of the Week!

Understanding Recent Developments in India’s IPO Market in 2026

As we move through March 2026, the Indian IPO market is undergoing a significant “reality check.” While the quantity of companies going public remains high, the era of automatic listic gains has evolved into a period of extreme selectivity.

Read More

Market Volatility: Understanding Market Movements During Periods of Uncertainty

The Indian markets are navigating a period of heightened volatility. Following the recent geopolitical escalations in the Middle East; specifically the strikes involving the U.S., Israel, and Iran; the NIFTY 50 has witnessed a sharp 1,000-point decline.

Read More

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Mar 09 – 13, 2026) first appeared on Navia Blog.

Week in the Review

In the truncated week, Indian equity markets remained under pressure amid escalating geopolitical tensions between the US and Iran, which led to a sharp jump in crude oil prices. Weak global cues, a declining rupee, and persistent FII selling further weighed on investor sentiment.

Indices Analysis

During the week, the BSE Sensex slipped 4.05 percent, to finish at 78,918.90, while the Nifty50 shed 4.01 percent, to close at 24,450.45.

The BSE Smallcap index fell 3.3 percent during the week, with InfoBeans Technologies, Worth Investment & Trading, Orchid Pharma, Sadhana Nitrochem, Rajesh Exports, Netweb Technologies India, Agarwal Industrial Corporation, JTL Industries, D. P. Abhushan, Stallion India Fluorochemicals falling between 15-25 percent. On the other hand, Jindal Poly Films, Jindal Drilling Industries, Hindustan Oil Exploration Company, Ruby Mills, Paras Defence and Space Technologies, Antelopus Selan Energy, Axtel Industries, Sterlite Technologies, and Jupiter Wagons added between 12 and 25 percent.

The BSE Largecap index fell 3 percent during the week, with Indian Oil Corporation, Lodha Developers, Adani Green Energy, Interglobe Aviation, Bharat Petroleum Corporation, Tata Motors Passenger Vehicles, Bosch, GAIL India, Godrej Consumer Products, Bank Of Baroda fell between 8-10 percent, while gainers were Solar Industries India, Mazagon Dock Shipbuilders, Bharat Electronics, Hindalco Industries, Sun Pharmaceutical Industries.

The BSE Midcap index shed 3 percent during the week, dragged by Aegis Vopak Terminals, Petronet LNG, Rail Vikas Nigam, LT Technology Services, KPIT Technologies, Bank of India, while gainers included National Aluminium Company, United Breweries, Bharat Dynamics, JSW Infrastructure.

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others. Ready to take a guess?

Sector Spotlight

Most sectoral indices ended in the red during the week. The Nifty PSU Bank index declined 6.9 percent, followed by the Nifty Realty index, which fell 7 percent. The Nifty Bank index dropped 5.4 percent, while the Nifty Media index slipped 3.9 percent and the Nifty Private Bank index shed 5.1 percent. However, the Nifty Defence index bucked the trend, gaining nearly 3.7 percent.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹91.90 per dollar, gaining 0.94% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹106.78 per euro, losing 0.74% during the week, reflecting a bearish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, losing 0.52% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are currently trading near 7353, extending the strong bullish momentum after the decisive breakout above the previous resistance zone at 6126–7000. The price has formed an impulsive series of higher highs and higher lows, with the latest green candle closing near session highs, confirming continued buying pressure and acceleration on the higher timeframe. The overall structure is strongly bullish, supported by the ascending trendline from the 5642 base, now well below the current levels. The breakout from the 6800–7000 consolidation area has been followed by sustained follow-through, pushing price toward the 7340–7400 extension zone. Short-term consolidation or minor pullback is possible after the sharp rally, but momentum remains firmly in favor of buyers. A sustained move above 7400 could open further upside toward 7600–7800 levels.

Gold futures are currently trading near 159920, consolidating in a tight range just below the immediate resistance zone around 160858–162000. Price continues to hold higher lows from the strong demand base near 150523–152000, preserving a short-term bullish structure supported by the ascending trendline connecting recent swing lows. The current consolidation near 159920–160858 shows small-bodied candles and low volatility, indicating hesitation and balance between buyers and sellers near the upper boundary of the recent advance. The area around 160858 remains a key supply barrier, with multiple prior tests showing rejection. A decisive breakout and sustained close above 160858–162000 could confirm renewed bullish momentum and target 166400–169000 or further toward 172000 levels. On the downside, immediate support lies near 158000–159000, followed by stronger structural support at 150523–152000. A breakdown below 158000 may invite short-term corrective pressure toward 150523–148000 levels.

Natural Gas futures are showing modest recovery strength and consolidating just above the major demand zone around 257.9–260 after the extended downtrend from the January/February peak near 650–600 levels. The price has formed a higher low in recent sessions, with the latest green candle closing near the upper end, indicating short-term buying interest and potential exhaustion of selling pressure near the bottom of the multi-month descending channel. The broader structure remains bearish overall, guided by the descending trendline from the February highs, which continues to act as dynamic resistance and has capped upside attempts. However, repeated tests of the 257.9–260 support cluster have held, creating a possible base for short-term reversal if momentum builds. A decisive breakdown and sustained close below 257.9 could accelerate downside toward 230–220 levels. On the upside, immediate resistance lies near 297.7–300, followed by stronger supply at 320–350 and the descending trendline. A sustained breakout and close above 300 would signal short-term bullish reversal potential and open relief rally toward 350–410 levels.

Silver futures are currently trading near 262200, consolidating in the mid-to-upper part of the recovery range after a steady climb from the February lows. Price has maintained a clear higher low structure off the major demand base near 231368–257971, with the ascending trendline from late February lows continuing to provide dynamic support and guiding the short-term bullish bias. The broader structure remains range-bound between the strong demand zone at 231000–240000 and the persistent supply/resistance area around 280000–291941. The current zone near 260000–263500 is acting as short-term support during minor pullbacks, while repeated tests of the 262000–265000 area show buyer absorption. A decisive breakout and sustained close above 292000 could trigger fresh bullish momentum toward 305000 and further to 333000–333278 levels. On the downside, immediate support lies at 257971–260000, followed by stronger demand near 250000 and the major zone at 231368. A breakdown below 257971 may invite short-term profit booking or renewed weakness toward 245000–231000.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

Top Blogs of the Week!

Understanding Pharmabees ETF: An Overview of Healthcare Sector Exposure

The Nippon India Nifty Pharma ETF (PHARMABEES) remains a cornerstone for investors looking to gain diversified exposure to India’s pharmaceutical powerhouse. As of March 2026, the sector continues to show resilience, serving as a “defensive” play amidst global market shifts.

Read More

Beyond Support and Resistance: How to Accurately Identify Supply and Demand Zones

In the 2026 trading environment, relying solely on thin horizontal support and resistance lines can be like trying to catch a waterfall with a straw. To trade with precision, you must understand Supply and Demand Zones.

Read More

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Mar 02 – 06, 2026) first appeared on Navia Blog.

February 2026 was marked by heightened volatility for the Indian stock market, beginning with a sharp Budget-day jolt that rattled sentiment. What followed, however, was a disciplined recovery shaped by steady domestic inflows, firm macro signals, and a measured RBI stance. Even as FIIs stayed cautious and volatility lingered, the broader indices remained within their established trading ranges. Let’s unpack how policy signals, institutional flows, and technical levels influenced short-term market positioning.

Nifty 50 Performance in February

February Market Roundup

February 2026 proved to be a recover‑and‑consolidate month for the Indian stock market, as indices absorbed the sharp Budget‑day shock and then gradually regained footing within a volatile range. While global cues remained cautious and FII outflows persisted, strong domestic buying and robust macro data helped cap downside and helped stabilize price action.

Key Highlights:

Budget‑Day Shock Followed by Recovery:

Markets opened strong on February 1 (Sunday) ahead of the Union Budget 2026, but quickly reversed as the government’s measures, such as the proposed STT hike and fiscal‑tightening signals sparked profit‑booking and risk‑off sentiment. The BSE Sensex ended the session down, while Nifty 50 closed below 25,200, marking its first Sunday‑session session in history and one of the sharpest one‑day falls in months. In the rest of the month, indices recovered part of these losses, trading mostly between 25,000–25,600 on Nifty and 80,000–85,000 on Sensex.

Monetary Policy and Growth Outlook:

The Reserve Bank of India held the repo rate unchanged at 5.25% in its February 2026 policy, while raising FY26 GDP growth to 7.4% and projecting FY27 inflation in the 4.0–4.2% range. The central bank maintained a neutral stance, signaling that the policy door is “open very slightly” but not pointing to immediate rate cuts, which anchored yields and supported the banking and financial complex.

GST Collections Signal Strong Demand:

India’s GST collection for February 2026 rose 8.1% year‑on‑year to ₹1.83 lakh crore, the highest monthly tally so far in FY26. Strong e‑commerce and services‑sector compliance and robust invoice‑based activity were highlighted as key drivers, reinforcing the view that domestic consumption and formalisation are holding up despite global headwinds.

FII‑DII Dynamics and Volatility:

FIIs continued to be net sellers in early February, with outflows around ₹3,400–₹3,500 crore in selective sessions, weighing on large‑cap and export‑oriented names. However, DIIs remained aggressive buyers, pumping in over ₹5,000 crore in a few days and keeping institutional flows net positive, which limited downside in the broader market. India VIX hovered in the mid‑teens early in the month, reflecting heightened but contained volatility, before easing as the market stabilised.

Growth, Policy, and Sector Narratives:

The combination of strong GST collections, a favourable GDP‑inflation matrix, and a neutral‑but‑growth‑supportive monetary stance reinforced the view that India’s domestic engine remains intact. Policymakers are seen balancing fiscal prudence with capital expenditure, while the RBI’s comfort on inflation provides room for financials, autos, and housing to stay in focus.

Outlook

February 2026 thus stands out as a month where the Indian stock market shook off a sharp Budget‑day correction and re‑anchored around domestic fundamentals, with GST strength, RBI policy stability, and robust DII flows acting as key pillars. If global headwinds ease and FII sentiment stabilises, market participants continue to monitor domestic macroeconomic indicators, while consolidation continues near key technical levels even as the index consolidates near key technical levels.

Sectoral Movements

In February 2026, the Indian sectoral indices exhibited a highly polarized performance, characterized by strong sectoral divergence and sharp corrections across sectors. The month was dominated by Consumer Durables, which surged by 9.30%, closely followed by the PSU Bank and Healthcare sectors, gaining 8.88% and 7.24% respectively. In stark contrast, the IT sector recorded a significant correction, plummeting by 19.54% and leading the laggards, while the Realty and FMCG indices saw marginal declines of 0.31% and 0.08%, underscoring a cautious sentiment in domestic-focused consumption and infrastructure plays.

Company Performance

Commodities Month’s Change

SME IPO Performance – February

SME February IPO: 

In February 2026, the Indian IPO market showcased a high-contrast landscape for investors, defined by sharp listing-day movements and sharp corrections. The primary market recorded strong listing gains in select cases for several listings, led by the recorded an 85.68% listing gain from Grover Jewells Ltd., and further supported by strong listing-day performances from Accretion Nutraveda Ltd. (55.04%) and CKK Retail Mart Ltd. (31.2%). While these high-fliers dominated the headlines, the month also delivered a stark reality check as several companies debuted well below their issue prices. The list of top underperformers was headed by Kanishk Aluminium India Ltd., which faced a steep 48.45% decline, followed by Yashhtej Industries (India) Ltd. (31.36%) and Manilam Industries India Ltd. (23.99%), serving as a critical reminder of the inherent risks and volatility currently present in the primary market.

Disclaimer: The IPO performances mentioned are historical examples and not investment recommendations.

Top Reads From February!

Dive into our February selection of essential reads, featuring expert analysis on market trends, strategic trading models, and the psychology behind investor behavior!

Union Budget 2026: Decoding the Latest Budget Highlights

Digital Empowerment: A Guide to the New SEBI-Mandated Depository Apps

Breaking Barriers: How Budget 2026 Redefines Equity Access for NRIs and Global Investors

Understanding the Impact of the Union Budget 2026 STT Hike

Understanding SGB Tax Rules After Union Budget 2026

Goldbees ETF: A Shining Opportunity for Investors

Precious Metal Strategies: A Detailed Guide on How to Invest in Silver

Is Free Trading Possible? Understanding Zero Brokerage on Equity Delivery

Wealth Beyond Borders: Unlocking the Realities of NRI Equity Taxation in India

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others.

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post February in Review: Performance Benchmarks and Sector Insights first appeared on Navia Blog.

Week in the Review

The Indian benchmark indices ended lower for the week on sustained FII outflows, escalating geopolitical risks from inconclusive US-Iran nuclear talks, and broad-based profit booking.

Indices Analysis

In this week, the BSE Sensex shed 2.13 percent, to finish at 81,287.19, while the Nifty50 lost 1.95 percent, to close at 25,178.65.

The BSE Large-cap Index shed nearly 1.2 percent dragged by Maruti Suzuki, Bharti Airtel, Mahindra & Mahindra, ICICI Bank, Hindustan Unilever, Larsen & Toubro, while Infosys, Reliance Industries, and HDFC Bank gained modestly between 0.5-1 percent.

BSE Mid-cap Index declined 1.0 percent dragged by L&T Finance Holdings, Bandhan Bank, BSE Ltd., Vishal Mega Mart, amid broad profit booking in financials and autos. However, select IT and pharma midcaps like Persistent Systems and Divi’s Laboratories gained between 2-4 percent.

The BSE Small-cap index fell 1.4 percent with heavyweights like Adani Power, Ambuja Cements, AU Small Finance Bank shedding between 2-8 percent on FII selling and risk aversion. On the other hand, niche IT and healthcare smallcaps added between 3-6 percent, providing limited support.

Interactive Zone!

Test your knowledge with our Markets Quiz! React to the options and see how your answer stacks up against others. Ready to take a guess?

Sector Spotlight

Sectorally, the Nifty PSU Bank index rose 0.82 percent, while the Nifty Auto index gained 0.64 percent. However, the Nifty Media declined 1.01 percent, Nifty FMCG shed 1.48 percent and Nifty IT lost 4.35 percent during the period.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹91.02 per dollar, gaining 0.38% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹107.56 per euro, gaining 0.57% during the week, reflecting a bullish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, losing 0.36% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures last session close at 6092, consolidating just below the key resistance zone at 6106–6138. The price structure remains bullish on the higher timeframe, supported by an ascending trendline from the 5037 base, with a pattern of higher lows and sustained buying interest visible across recent sessions. However, the price continues to face repeated rejections at the 6106–6138 supply area, with the latest candles showing hesitation, smaller bodies, and minor pullback pressure near the upper band. A decisive breakout and sustained close above 6138 could confirm fresh bullish momentum and target 6250–6300 or higher. On the downside, immediate support lies near 5900–5950, followed by strong structural support along the ascending trendline and 5611 zone. A breakdown below 5900 may trigger short-term profit booking or corrective pullback toward 5750–5611 levels.

Gold futures last session close at 158,585, showing mild consolidation with a positive close after pulling back slightly from the recent highs near 1,60,950–1,62,010. Price continues to form higher lows from the strong demand base around 1,49,817–1,51,195, maintaining a short-term bullish structure supported by the ascending price action off the February lows. However, the 1,60,000–1,62,010 area has acted as a consistent supply barrier, with multiple rejections and hesitation visible in recent candles. A decisive breakout and sustained close above 1,62,010 could confirm renewed bullish momentum and open the path toward 1,66,400 and further to 1,74,000–1,76,000 levels. On the downside, immediate support lies near 1,58,000–1,56,000, followed by the stronger structural support at 1,51,195–1,49,817. A breakdown below 1,56,000 may trigger short-term corrective pressure toward 1,49,817–1,45,000 levels.

Natural Gas futures last session close at 462, holding steady just above the major demand zone around 257.9–244.4 after a multi-week downtrend from the sharp peak near 640–600 levels. The price has formed a series of lower highs and lower lows since late January, with the descending trendline from February highs continuing to cap upside attempts. Recent candles show reduced volatility and small bodies near the bottom of the channel, indicating potential exhaustion in selling pressure. The structure remains bearish overall, but the price is now testing a critical support cluster at 257.9–244.4, where previous lows have clustered and held temporarily. A decisive breakdown and sustained close below 244.4 could accelerate downside toward 220–200 levels. On the upside, immediate resistance lies near 280, followed by stronger supply at 300–320 and the descending trendline. A sustained breakout and close above 280 would signal short-term reversal potential and relief rally toward 320–340 or higher.

Silver futures last session close at 266,127 consolidating in the upper part of the recent range after a steady recovery from the February lows. Price has built a clear higher low structure off the major demand base near 231063, with the current zone around 256000–261000 acting as short-term support during the pullback. The broader structure remains range-bound between the strong demand at 231000–235000 and the key supply/resistance zone around 280000–290000. Momentum has picked up modestly with the latest green candle, but repeated failures to sustain above 280000 keep the outlook cautious until a clear breakout occurs. A decisive breakout and sustained move above 290000 could trigger fresh bullish momentum toward 305000 and further to 333000–333255 levels. On the downside, immediate support lies at 256000–250000, followed by the major demand zone at 231063–235000. A breakdown below 250000 may invite renewed selling pressure toward 245000–231000.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

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The post Navia Weekly Roundup (Feb 23 – 27, 2026) first appeared on Navia Blog.

Week in the Review

Despite Thursday’s sharp sell-off, the Indian benchmark indices ended the volatile week with modest gains, amid persistent selling in IT stocks and rising crude oil prices driven by escalating tensions in the Middle East.

Indices Analysis

In this week, the BSE Sensex added 0.4 percent, to finish at 82,814.71, while the Nifty50 rose 0.51 percent, to close at 25,571.25.

The Nifty Midcap index rose 0.35 percent during the week. Thermax, Indian Bank, Godrej Industries, Hitachi Energy India, Bank of India, GMR Airports, Petronet LNG, Bharat Dynamics, and Bank of Maharashtra were among the major gainers. On the other hand, Brainbees Solutions, Ola Electric Mobility, Hexaware Technologies, Persistent Systems, Vedant Fashions, and Clean Science & Technology declined between 6–18 percent.

The BSE Largecap index gained 0.4 percent during the week, led by advances in Punjab National Bank, Canara Bank, Union Bank of India, Cummins India, Bank of Baroda, and Hyundai Motor India. Meanwhile, laggards included Waaree Energies, Info Edge (India), Eternal, SRF, Tech Mahindra, LTIMindtree, and Swiggy.

The BSE Smallcap index shed 0.5 percent during the week, with stocks such as Aqylon Nexus, Filatex Fashions, Transworld Shipping Lines, Zaggle Prepaid Ocean Services, Stallion India Fluorochemicals, SEPC, Shoppers Stop, and Pennar Industries declining between 16–22 percent. On the other hand, VL E-Governance and IT Solutions, Novartis India, RACL Geartech, KRN Heat Exchanger and Refrigeration, Godfrey Phillips India, Aeroflex Industries, Netweb Technologies India, Jyoti Structures, Newgen Software Technologies, Sadhana Nitrochem, and Jindal Poly Investment and Finance Company gained between 16–28 percent.

Foreign Institutional Investors (FIIs) extended their selling for the second consecutive week, offloading equities worth ₹637.68 crore in this week. In contrast, Domestic Institutional Investors (DIIs) continued their buying streak, purchasing equities worth ₹6,883.81 crore.

Interactive Zone!

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Sector Spotlight

Sectoral performance remained mixed during the week. The Nifty PSU Bank index rose 5.8 percent, while the Nifty Energy index gained 2.3 percent and the Nifty FMCG index added 1.8 percent. The Nifty Pharma indices advanced 1.2 percent. However, the Nifty Auto, IT, and Media indices declined between 1.3–2.4 percent during the period.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹90.68 per dollar, gaining 0.14% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹106.86 per euro, losing 0.47% during the week, reflecting a bearish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, losing 1.26% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil has delivered a strong upside recovery from the 5600 support base and is now testing the major resistance zone near 6030. The broader structure still reflects higher highs and higher lows within an ascending channel, and price has reclaimed 5890 decisively. However, 6030 remains a critical supply barrier; a clean breakout above this level can trigger fresh momentum toward the upper channel extension. Failure to sustain above 5890 after this retest could result in a pullback toward 5600. Overall bias remains bullish above 5890, but breakout confirmation above 6030 is crucial for continuation.

Gold remains trapped inside a broad consolidation band between 159464 resistance and 151960 support. The contract has repeatedly failed to sustain above 159464, forming short-term lower highs, while 151960 continues to act as a strong demand base. Current price action around 154700 reflects range-bound movement with no decisive breakout yet. A sustained move above 159464 would shift momentum bullish toward 166437, whereas a breakdown below 151960 could trigger fresh downside pressure toward the 145000–140000 demand zone. Until a breakout occurs, bias remains sideways with a slight negative tilt below 159464.

Natural Gas continues to trade under a dominant descending trendline, maintaining a clear lower high–lower low structure. The recent bounce from the 270 zone failed to break above 313 resistance, and price is now hovering just below the 280 pivot band. This area is acting as immediate supply after repeated rejections. As long as the contract sustains below the falling trendline and 313 resistance, the broader bias remains bearish. A decisive breakdown below 270 can extend the decline toward the 255 demand base, while only a strong breakout above 313 would signal structural reversal and short covering.

Silver continues to trade under a dominant descending trendline, maintaining a broader lower high structure after rejection from the 284700 zone. Price recently bounced from the 228000–230000 demand base and is now hovering around 241400, attempting a recovery within a corrective pullback. However, the 266600–268000 resistance band remains a critical supply area. Unless price decisively breaks and sustains above this zone, the broader bias remains bearish. Immediate support is placed around 236000; a breakdown below this area can re-open downside toward the deeper 225000 demand cluster. Trend remains weak below the falling trendline.

Do you have a question? Ask here and we’ll publish the information in the coming weeks.

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DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Navia Weekly Roundup (Feb 16 – 20, 2026) first appeared on Navia Blog.