Nifty Ab͏ove ͏24,200, Sensex Tops 7͏8͏,100 ͏in Aftern͏oonTra͏de as Markets ͏Rebound Afte͏r 1,30͏0-Point Fall

Mum͏b͏ai͏, ͏March ͏10: Indian equity ͏benchm͏a͏rks traded higher during th͏e afternoon session on͏ Tuesda͏y, with the ͏Ni͏fty 50 r͏ising͏ abo͏v͏e 24,200 ͏and ͏the BS͏E Sensex cr͏ossing 78͏,100͏, signallin͏g a rebound͏ after a ste͏ep se͏ll͏-of͏f in the previ͏ous ses͏sio͏n. G͏a͏ins in s͏elect ͏large-cap stocks a͏nd ͏suppo͏rtive gl͏ob͏al͏ cues helped the indices recover even as volatilit͏y li͏nked t͏o oil pri͏ces and ͏g͏eopolitical developments conti͏nued to influen͏ce mar͏ket͏ ͏se͏ntiment͏.

At midda͏y, ͏the N͏SE Nifty 50 traded͏ a͏t 24,214.15, up 18͏6.10 points or 0.77%, while the BSE Sensex stood ͏at 78͏,099.84, gaining͏ 533.68 point͏s or 0.69% from the previous close.

Nifty 50͏ A͏t 24,214 and Se͏nsex N͏ear 78,100 as ͏Afternoon Trade S͏hows 0.69%–0.77% Gai͏ns͏

Indian markets showed a͏ firm recov͏ery through the af͏tern͏oon session as͏ benchm͏ark indi͏ces ͏moved highe͏r compar͏ed with the previous close. A͏r͏o͏und midday trading, t͏he Nif͏ty 50 a͏dva͏n͏ced 0.77% to 24,2͏14.15͏, while the͏ BSE Sense͏x clim͏b͏ed ͏0.69%͏ to 78,͏099.84, reflect͏ing a moderate ͏r͏eb͏ou͏nd in large-cap equities.

The gains followed a positive opening, where the Nifty traded above 24,150 and the Sensex rose over 580 points to around 78,144, indicating early buying interest across major index constituents.

The improvement in benchmark indices came after a volatile phase in recent sessions, with market participants closely tracking global macro developments and commodity price movements.

Oil Below $90, Global Cues and Currency Moves Support Midday Recovery

Several macro factors contributed to the market’s recovery during Tuesday’s session. A cooling in crude oil prices, which dropped below $90 per barrel, eased concerns for oil-import dependent economies such as India.

At the same time, global market sentiment improved after developments suggesting possible easing in geopolitical tensions. Strength in the Indian rupee and softer bond yields also added support to domestic equities during the session.

These factors collectively helped lift benchmark indices after the previous session’s sharp decline.

Aviation, Cables and Capital Goods Lead Gains; Energy and Services Under Pressure

Sectoral performance during the afternoon session showed mixed trends across industries.

Segments such as cables, aviation and capital goods – electrical equipment led gains, recording sectoral increases of 4.93%, 4.19% and 3.76% respectively.

At the same time, several sectors faced pressure. Commercial services declined by 17.65%, energy by 17.62%, forest materials by 14.01%, realty by 13.28%, and financial services by 11.43%, reflecting uneven performance across the broader market.

The sectoral divergence indicated that while the headline indices advanced, certain segments of the market remained under pressure.

Nifty Bank, Auto, Energy, IT, Pharma, FMCG, Midcap And Smallcap Show Divergent Midday Moves

During the afternoon session, sectoral indices displayed mixed trends alongside the broader market rebound. Nifty Bank, tracking major banking stocks, climbed 1.4% to 56,800, led by strong performances in private sector lenders such as HDFC Bank and public sector banks including State Bank of India, contributing significantly to the recovery of the Nifty 50. The Nifty Auto index advanced 0.92% to 21,780, with gains in passenger vehicle manufacturers including Maruti Suzuki India Limited, Mahindra & Mahindra, and Tata Motors, which drove the sector higher following recent profit-taking.

In contrast, the Nifty Energy index slipped 0.28% to 21,050, pressured by crude oil volatility and muted gains in energy producers such as Reliance Industries Limited and Oil & Natural Gas Corporation (ONGC). Mid-cap and small-cap stocks showed gradual improvement, with the Nifty Midcap 100 rising 0.9% to 10,885 and the Nifty Smallcap 100 gaining 0.72% to 10,125, reflecting cautious buying across smaller companies as markets stabilised from prior session declines.

The Nifty IT index edged 0.65% higher to 39,225, supported by large-cap IT companies including Infosys Limited, Tata Consultancy Services (TCS), and HCL Technologies. Meanwhile, sectoral performance in consumer-oriented indices was mixed, with the Nifty Pharma trading flat near 13,010, showing selective gains in Cipla Limited, while the Nifty FMCG index rose 0.54% to 14,895, lifted by companies such as Asian Paints and Hindustan Unilever.

InterGlobe Aviation, Mahindra & Mahindra Among Key Movers During Session

Several large-cap stocks recorded notable movements during the trading session.

InterGlobe Aviation Limited, the parent company of IndiGo, gained 4.09%, trading near ₹4,410, while Mahindra & Mahindra Limited rose 2.84% to ₹3,278.

Other stocks registering gains included Larsen & Toubro Limited, which advanced 2.44% to ₹3,936, along with NTPC Limited, up 2.33% to ₹385, and Shriram Finance Limited, which rose 2.31% to ₹1,010 during the session.

Meanwhile, select stocks moved marginally lower, including Cipla Limited, which slipped 0.15% to ₹1,323, and Tata Consumer Products Limited, which edged down 0.01% to ₹1,102.4.

Benchmark Stability Masks Deeper Pressure Across Mid-Cap And Small-Cap Stocks

Despite the recovery in the benchmark indices, broader market trends indicate that several stocks outside the headline indices have experienced sharper corrections.

Analysis shows that while the Sensex and Nifty have declined about 7% since late September 2024, many mid-cap and small-cap stocks have seen deeper drawdowns during the same period.

This divergence suggests that the resilience in benchmark indices has largely been supported by large-cap stocks, while the broader market has faced comparatively greater volatility.

Indian equity benchmarks traded higher in the afternoon session on 10 March 2026, with the Nifty above 24,200 and the Sensex near 78,100, recovering after the previous session’s sharp decline. The rebound was supported by easing crude oil prices, improved global cues and gains in select sectors such as aviation and capital goods, even as broader market segments continued to show uneven performance