Today is Wednesday, March 11, 2026. Following a strong rebound in the previous session, the Indian market is looking at a relatively cautious start, guided by mixed global cues and cooling volatility.
📊 Market Overview (Pre-Opening)
1. GIFT Nifty Position
- Status: Trading at 24,296 (as of 8:15 AM).
- Indication: Indicates a flat to mildly positive start (roughly +30 points) compared to yesterday’s Nifty close of 24,261.
2. Support & Resistance Levels (Intraday)
| Index | Support 1 | Support 2 | Resistance 1 | Resistance 2 |
| Nifty 50 | 24,150 | 24,100 | 24,400 | 24,450 |
| Bank Nifty | 56,700 | 56,600 | 57,200 | 57,300 |
💹 Institutional Activity (March 10)
Foreign flows continue to be the primary concern, though domestic institutions are aggressively absorbing the supply.
- FII (Cash): Net Sellers of -₹4,672.64 Cr
- DII (Cash): Net Buyers of +₹6,333.26 Cr
- FII Index Futures (Long/Short): FIIs reduced long exposure significantly.
- Futures Long: Decreased by ~3,130 contracts.
- Futures Short: Increased by ~9,313 contracts.
- Sentiment: Cautiously bearish to neutral in derivatives.
📉 Open Interest (OI) Data (March Expiry)
- Nifty Put-Call Ratio (PCR): 1.10 (Slightly bullish/active put writing).
- Bank Nifty PCR: 0.81 (Indicates more call writing/resistance at higher levels).
- Max Call OI: 24,500 – 24,700 (Heavy resistance zone).
- Max Put OI: 24,000 – 24,100 (Crucial support floor).
📰 Top News & Updates
- Global Cues: Crude oil prices have cooled significantly, with Brent Crude dropping to ~$88/barrel, providing a major relief to the Indian Rupee (currently at 92.14/$).
- Corporate Moves:
- InterGlobe Aviation (IndiGo): CEO Pieter Elbers has resigned; Rahul Bhatia takes interim charge.
- Infosys: Announced a strategic AI partnership with Incora.
- Waaree Renewable: Secured a major 300 MWac solar project.
- Adani Enterprises: Completed acquisition of D P Jain TOT Toll Roads.
- InterGlobe Aviation (IndiGo): CEO Pieter Elbers has resigned; Rahul Bhatia takes interim charge.
- F&O Ban: Sammaan Capital and SAIL remain under the ban list.
🇺🇸 Major US Economic Events (Tonight)
Tonight is a high-volatility night for US markets, which will dictate the opening for the Indian market on Thursday.
- US CPI (Inflation Data): Releasing at 5:00 PM IST. Forecast is 2.4% (YoY). Any higher-than-expected number will spook global markets regarding interest rate cuts.
- EIA Crude Oil Inventories: 7:00 PM IST.
- Fed Speaker: FOMC member Michelle Bowman is scheduled to speak, which may provide hints on the upcoming Fed meeting.