Founder thoughts — 23 March 2026

Today, the Indian stock market revealed a compelling narrative, with metals taking center stage and demonstrating strong performance. The auto sector also made a respectable showing, offering hope in an otherwise mixed landscape where IT and banking stocks lagged behind. Overall, the broader market continues to lack a definitive recovery signal, suggesting cautious engagement for retail investors.

Interestingly, the power sector’s upward momentum is noteworthy; as demand drives performance, it may provide opportunities for growth in what can often be a volatile environment. As we look to tomorrow, expectations are high for PSU banks to take the lead, along with continued strength in autos.

In terms of index movements, we might see Nifty pushing towards 24,000 in the near term, followed by a possible pullback to 23,700 before aiming to reach 24,800 between March 30 and April 7.

For retail investors, now may be the time to consider exposure to metals and power sectors, potentially re-evaluating positions in IT and banking as these sectors lag. Stay alert to global cues and macroeconomic indicators, which could amplify or dampen current trends. Investing with a strategic eye and a cautious outlook is crucial in these times.