Nifty Faces 24,300 Hurdle on March 11; Oil's Volatility a Key Market Factor

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Nifty Rebounds 233 Points, Hits 24,300 Hurdle; Oil Remains Key Factor

Nifty Rebounds 233 Points, Hits 24,300 Hurdle; Oil Remains Key Factor

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CNBC TV18•10-03-2026, 19:05

Nifty Rebounds 233 Points, Hits 24,300 Hurdle; Oil Remains Key Factor

•Nifty surged 233 points (0.97%) to 24,261 after two days of decline, driven by positive global cues and plunging crude prices.
•The index faced profit-booking at an intraday high of 24,303 but recovered over 200 points post 10 am to settle near the day's high.
•Shriram Finance, Eicher Motors, and Tata Motors Passenger Vehicles were top gainers; Infosys, Eternal, and Reliance Industries lagged.
•Broader markets significantly outperformed, with Nifty Midcap 100 climbing 1.62% and Nifty Smallcap 100 surging over 2%.
•Analysts identify 24,300-24,415 as immediate resistance and 24,000 as support; West Asia developments and crude prices remain crucial.

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