Auto, Realty, and Financial indices lost the most, shedding over 3 percent
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, March 19, 2026: Today, the benchmark indices witnessed a sharp sell-off. The Nifty ends 776 points lower, while the Sensex was down by 2497 points. Among sectors, all the major sectoral indices traded in the red, but Auto, Realty, and Financial indices lost the most, shedding over 3 percent. Technically, on the backdrop of weak global sentiment, our market opened with a gap down, and post-gap down, it breached the crucial support zone of 23,200/74500. Following the breakdown, selling pressure intensified.
We are of the view that the current market texture is weak, with a bearish candle on the daily charts and a lower top formation on intraday charts, indicating further weakness from the current levels. For day traders, as long as it trades below 23,200/74500, weak sentiment is likely to continue. On the downside, the market could slip to 22,700–22,500/73500-73000. On the flip side, above 23,200/74500, the pullback move could extend up to 23,450–23,500/75000-75200.
The current market texture is highly volatile, and volatility is likely to persist in the near future.
