Indian Markets Crash on F&O Expiry: Sensex Tanks 1,635 Points, Nifty Signals Continued Weakness

Sectorally, all indices ended in the red, with auto, FMCG, consumer durables, capital goods, realty, private banks, and PSU banks falling in the range of 2–4%

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Mumbai, March 30, 2026: Indian equity markets ended sharply lower on March 30th, pressured by monthly F&O expiry and broad-based selling across sectors. Lingering global uncertainties, elevated crude oil prices, and sustained FII outflows kept sentiment cautious, leading markets to close the final trading session of the financial year on a weak note.

The Rupee initially opened higher after the Reserve Bank of India reduced banks’ overnight net open position limit to $100 million, but later reversed sharply, falling towards 95.2 from its opening levels. At the close, the Sensex declined 1,635.67 points (2.22%) to 71,947.55, while the Nifty 50 dropped 488.20 points (2.14%) to 22,331.40.

Sectorally, all indices ended in the red, with auto, FMCG, consumer durables, capital goods, realty, private banks, and PSU banks falling in the range of 2–4%. Broader markets also remained under pressure, as midcap and small-cap indices witnessed sharp declines of around 2.6% each.

Nifty Outlook                            

The index formed a second consecutive strong bearish candle, marking a lower high and a lower low, which signals continuation of the ongoing downtrend. The overall bias remains negative, with immediate support placed in the 21,800–22,000 zone. Volatility is expected to stay elevated amid rising crude oil prices, escalating geopolitical tensions, and a sharp depreciation in the rupee.

For any meaningful pause in the current downtrend, the index needs to establish a pattern of higher highs and higher lows on the daily chart, along with a sustained close above the previous week’s high of 23,465.

Bank Nifty Outlook

Bank Nifty also formed a second consecutive strong bearish candle, continuing the pattern of lower highs and lower lows. Volatility is likely to remain elevated in the near term, amid rising geopolitical tensions and higher crude oil prices, which continue to weigh on overall market sentiment.

The index is expected to maintain a corrective bias and may drift towards the 49,000 level in the coming sessions. For any meaningful pause in the ongoing downtrend, the index needs to establish a sustained pattern of higher highs and higher lows, along with a close above last week’s high of 54,150.

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