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Taking Stock: Market Bulls Drive Nifty Past 23,400, Sensex Jumps 939 Points
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Bulls Roar Back: Nifty above 23,400, Sensex Jumps 939 Pts After 3-Day Slump
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Moneycontrol
•
16-03-2026, 15:56
Bulls Roar Back: Nifty above 23,400, Sensex Jumps 939 Pts After 3-Day Slump
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Indian benchmark indices staged a strong rebound, with Nifty closing above 23,400 and Sensex up 939 points, ending a three-day losing streak.
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Market saw high volatility but strong buying in the final hour pushed indices into positive territory, led by auto, banking, and FMCG stocks.
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M&M, Grasim Industries, Trent, UltraTech Cement, HDFC Bank were top Nifty gainers; Bharat Electronics, Wipro, Sun Pharma among losers.
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Over 800 stocks, including Gujarat Gas and Deepak Nitrite, touched their 52-week low despite the market rebound.
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Experts suggest Nifty's 22,900-23,000 zone as key support, with 23,600-23,700 as resistance; volatility expected.
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