According to Axis Securities, the index is expected to trade between 25,500–26,300 with a positive bias this week.
Oil prices dipped Wednesday following a rise in US crude inventories. However, ongoing geopolitical tensions, particularly concerning the Strait of Hormuz, suggest prices may climb.
In the Nifty500 pack, nine stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on March 17, 2026, according to stockedge.com’s technical scan
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