India Stocks Today, March 16: Geopolitics and Fed to steer Nifty
Indian stock market today opens after a sharp 5% weekly slide in Sensex and Nifty. We expect a choppy session as West Asia tensions, crude oil moves, and the Fed’s decision steer risk appetite. Domestic WPI, trade numbers, and FX reserves add another layer to sentiment. FII selling pressure and a weak rupee could weigh on banks, IT, and oil-linked names. Jefferies’ cautious calls on select IT and pharma stocks also test confidence. We focus on risk control and disciplined entries.
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