Sensex jumps nearly 3,000 points in 3 days. Has the market found its bottom or too early to celebrate?

March 18, 2026

Indian markets extended a three-day rally, with Sensex rising over 700 points intraday and Nifty closing at 23,777. Gains were led by IT, realty, and auto stocks amid short covering and sectoral rotation. Analysts caution that resistance near 23,850–24,000 and geopolitical risks, crude prices, and rupee weakness could limit further upside.

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