Stock Market Outlook Today: Sensex, Nifty May Stay Volatile Amid Rising Crude Oil Prices, Middle East Tensions

Indian equity markets On 10 March 2026, are expected to witness volatility as investors continue to digest the impact of rising crude oil prices and escalating geopolitical tensions in the Middle East. The Nifty may test key support levels near 23,700-24,000, while the Sensex could remain under pressure, reflecting lingering risk aversion among market participants.

Stock Market Outlook Today, 10 March 2026; Sensex, Nifty Prediction Amid Rising Crude Oil Prices and Escalating Middle East Tensions

On Monday, Indian benchmark indices extended their decline for the second consecutive session, with the Nifty closing at 24,028.05, slightly above the 24,000 mark. Despite the weakness, the index staged a recovery of nearly 350 points from the day's low. The Sensex fell 1,352.74 points, or 1.71 percent, to settle at 77,566.16. Broader market indices, including the Nifty Midcap and Smallcap, dropped about 2 percent each.

"Going ahead, markets will closely monitor developments in West Asia and their potential impact on global energy supplies and crude oil prices, as uncertainty around the duration and intensity of the conflict is likely to keep investor sentiment cautious in the near term," said Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd.

Nifty Prediction Today for 10 March 2026

According to Bajaj Broking Research, Nifty has formed a bullish candle with a lower high and a lower low, along with a bearish gap above its head (24,415-24,078), indicating a partial pullback after a gap-down opening.

"Overall bias continues to remain down. Volatility is likely to remain elevated amid uncertain global cues, rising crude oil prices and escalating geo-political tension," the analysts said.

Monday's session saw the Nifty rebound after testing key support in the 23,700-24,000 zone, a confluence of the 100-week exponential moving average and a trendline connecting lows of CY23 and CY25. Holding above this support may lead to a pullback toward 24,400-24,500 levels, while failure to sustain it could extend the decline toward 23,400-23,200.

Bank Nifty Outlook Today

The Bank Nifty index formed a high-wave candle with a small real body and long lower shadow, accompanied by a bearish gap above its head (57,696-56,275), signaling a pullback from Monday's low of 55,270. "Volatility is likely to remain elevated amid uncertain global cues, rising crude prices and escalating geo-political tension," Bajaj Broking analysts noted.

They further added, "The index holding above Monday's panic low of 55,270 will signal a pullback towards 56,600-57,000 levels in the coming sessions, indicating consolidation in the 55,200-57,000 range. Failure to hold above 55,200 levels may lead to an extension of the decline toward 54,500-54,000."

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