Stock Market Holiday: The Indian stock market will be closed for a day on account of Ram Navami in the week, starting March 23.
As per the NSE and BSE holiday calendar, Indian stock market will observe a holiday on March 26, Thursday.
Ram Navami is a Hindu festival celebrating the birth of Lord Ram, the seventh avatar of Vishnu.
Meanwhile, developments related to the Middle East war and its impact on crude oil prices will continue to influence the moves in the stock market. Besides, FII activity and rupee will also drive the moves in the markets.
Last week, the BSE benchmark Sensex dipped 30.96 points, or 0.04 per cent, and the NSE Nifty slipped 36.6 points, or 0.15 per cent.
Ajit Mishra, SVP, Research, Religare Broking, said that investors will closely monitor HSBC Flash PMI data for manufacturing, services, and composite segments, on the domestic front. This will provide an early indication of business activity trends.
"This week is expected to remain data-sensitive amid ongoing global uncertainties. Developments in the West Asia conflict and movements in crude oil prices will continue to act as key external drivers and are likely to dictate the near-term market trend," he said.
According to NSDL data, foreign investors have pulled out Rs 88,180 crore (about USD 9.6 billion) from Indian equities so far in March, weighed down by escalating tensions in Middle East, a weakening rupee and concerns over the impact of elevated crude oil prices on India's growth and corporate earnings.
With this, foreign investors have sold shares worth more than Rs 1 lakh crore so far in 2026.
Nifty Prediction: Support, Resistance Levels
Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse, aid that Nifty witnessed a minor pullback on Friday (March 20) following the recent sharp decline and formed a small-bodied bullish candle with a long upper shadow, indicating selling pressure at higher levels.
The broader trend remains weak, with the index continuing to form lower highs and lower lows, although intermittent pullbacks cannot be ruled out.
Nifty as has immediate support placed at 22,900, and a breach below this level could trigger further downside towards 22,600. On the upside, resistance is seen near the gap zone around 23,500.
The RSI is hovering near the oversold zone at 32, suggesting the possibility of a near-term pullback.
