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Nifty settles with gains of over a percent

16 Mar 2026 Evaluate

Snapping three-day losing streak, Indian equity benchmark -- Nifty settled with gains over of a percent on Monday. Index made a cautious start and soon turned volatile during the morning deals, weighed down by massive foreign funds outflow and surging crude oil prices amid geopolitical jitters. As per exchange data, foreign institutional investors offloaded equities worth Rs 10,716.64 crore on March 13, 2026. However, in second half of the session, market wiped out all losses and started climbing higher as traders opted to buy fundamentally good stocks as lower levels. Meanwhile, there was encouragement in markets after Union Minister Piyush Goyal said that India is well-placed to deal with any situation on crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the government has ramped up kerosene production to provide an alternate option for the common man. Finally, Nifty ended the session above 23,400 mark.

Traders were seen piling up positions in Auto, Private Bank and FMCG stocks, while selling was witnessed in Oil & Gas, Realty and Pharma. The top gainers from the F&O segment were Persistent Systems, UltraTech Cement and One 97 Communications. On the other hand, the top losers were Bandhan Bank, Indian Oil Corporation and KPIT Technologies. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 21900 - 22100 puts indicating this is the trading range expectation.

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