Navia Weekly Roundup (Mar 16 – 20, 2026)
- Week in the Review
- Indices Analysis
- Interactive Zone!
- Sector Spotlight
- Top Gainers and Losers
- Currency Chronicles
- Commodity Corner
- Top Blogs of the Week!
- N Coins Rewards
Week in the Review
Indian markets delivered a muted performance in the volatile week ended March 20, weighed down by ongoing geopolitical tensions, continued weakness in the rupee, rising crude oil prices, and sustained foreign institutional investor (FII). The benchmarks erased all gains from the first three sessions following a sharp sell-off on Thursday. However, a recovery on Friday helped the BSE Sensex and Nifty 50 close the week largely unchanged.
Indices Analysis
During the week, the BSE Sensex gained 0.07 percent, to end at 74,532.96, while the Nifty 50 gained 0.08 percent, to close at 23,114.50.
The BSE Largecap index fell 0.32 percent. Major losers were IDBI Bank, Bharat Petroleum Corporation, Solar Industries India, Lodha Developers, Indian Oil Corporation, Hindustan Zinc, Mankind Pharma, Shriram Finance. However, gainers included Waaree Energies, Eternal, Tata Steel, Lenskart Solutions, Meesho, JSW Steel, TVS Motor Company.
The BSE Midcap index ended almost flat with Brainbees Solutions, AWL Agri Business, Premier Energies, Lloyds Metals and Energy, Schaeffler India, One 97 Communications (Paytm), Bharti Hexacom rising between 7-12 percent, while Petronet LNG, Bandhan Bank, Hindustan Petroleum Corporation, Kansai Nerolac Paints, Procter and Gamble Hygiene and Health Care, Aegis Vopak Terminals fell between 7-10 percent.
The BSE Smallcap index ended on a flat note. Aqylon Nexus, Rajesh Exports, TTK Prestige, Sadhana Nitrochem, VL E-Governance and IT Solutions, Camlin Fine Sciences, SpiceJet, Ecos India Mobility & Hospitality, Everest Industries, Hindustan Oil Exploration Company, Ramkrishna Forgings, Fino Payments Bank, Filatex Fashions, Dish TV India, Shivalik Rasayan, Astec Lifesciences, DEE Development Engineers shed between 10-22 percent. On the other hand, Websol Energy System, Valiant Organics, Bodal Chemicals, Gujarat Alkalies and Chemicals, Nitco, Olectra Greentech, Deep Industries, Shaily Engineering Plastics, Network People Services Technologies, Uttam Sugar Mills added between 20-41 percent.
During the week, HDFC Bank recorded a highest erosion in its market capitalisation, followed by Hindustan Unilever, Bajaj Finance, Bharat Electronics. On the other hand, Reliance Industries, Bharti Airtel, Tata Steel recorded gains in their market capitalisation.
Foreign Institutional Investors (FIIs) were net sellers during the week, offloading equities worth -29,897.67 crore, continuing their selling streak in Indian equities for the fifth consecutive week. On the other hand, Domestic Institutional Investors (DIIs) bought equities worth Rs 30,641.90 crore.
Interactive Zone!
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Sector Spotlight
Sectoral performance remained mixed in this week, FMCG and Defence indices declining in the range of 1-2 percent, while Nifty Auto, Metal, PSU Bank, IT indices gained between 0.9-2.5 percent.
Top Gainers and Losers
Currency Chronicles
USD/INR:
The USD/INR rate closed at ₹93.65 per dollar, gaining 1.22% during the week, reflecting a bullish market sentiment.
EUR/INR:
The EUR/INR rate closed at ₹108.39 per euro, gaining 2.46% during the week, reflecting a bullish market sentiment.
JPY/INR:
The JPY/INR rate closed at ₹0.58 per yen, gaining 1.42% during the week, reflecting a bullish market sentiment.
Stay tuned for more currency insights next week!
Commodity Corner
Crude Oil futures are showing continued sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 8,851–9,218. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7,229–8,122 but broke below short-term consolidation levels around 8,900, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.
The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8,409–8,658. The current zone around 8,768–8,658 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9,218 could confirm renewed bullish momentum and target 9,579 or higher extension levels within the channel.
On the downside, immediate support lies near 8,658–8,409 (recent swing lows and trendline confluence), followed by stronger structural support at 8,122. A breakdown below 8,658 may invite deeper corrective pressure toward 8,409–8,122 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.
Gold futures are showing mild recovery with a small green candle after the sharp red candle decline in the previous session. Price continues to respect the descending trendline connecting lower highs from the peak near 158,000, maintaining a short-term bearish structure with consistent seller pressure despite the minor bounce and reduced volatility near current levels.
The broader structure remains bearish on the higher timeframe, having broken and stayed below the previous support-turned-resistance zone around 151,880–157,060. The current consolidation near 147,500–148,000 shows small-bodied candles and lower volatility, indicating hesitation after the aggressive sell-off. A sustained close above 151,880 could signal short-term relief and invite a corrective bounce, though momentum strongly favours continuation lower at present while the descending trendline holds.
On the downside, immediate support lies near 145,227–144,468 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 145,227 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.
Natural Gas futures are showing bearish pressure with a red candle after failing to sustain above 293.0. The price has formed a clear lower high and is testing the ascending trendline support, confirming short-term seller aggression following the rejection from the 294.9–302.7 supply zone.
The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 304.0. The sustained weakness below 294.9 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 287.4 could accelerate downside momentum toward 279.3 or lower extension levels.
On the upside, immediate resistance now lies near 294.9, followed by stronger supply at 302.7–304.0. A breakout above 294.9 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.
Silver Futures are showing strong recovery with a prominent green candle after holding above the recent lows near 238,400. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267,283, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.
The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 243,445–246,244 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 250,951 could signal short-term relief and trigger fresh upside momentum toward 259,806 or higher, though momentum strongly favours sellers unless clear reversal occurs.
On the downside, immediate support lies at 238,400–233,636 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 233,636 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.
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Top Blogs of the Week!
Guide to Price Channels in Technical Analysis
In the current volatile market of March 2026, where the Nifty 50 has recently seen sharp corrections due to global geopolitical tensions, mastering channels is more critical than ever. Channels provide a “geographical map” for price action, helping you distinguish between a temporary pullback and a structural trend change.
What is Liquidation in MTF? Meaning & Process Explained
In the fast-moving Indian markets of 2026, where global volatility is high, using the Margin Trading Facility (MTF) is like driving a high-performance car. It’s powerful, but if you don’t maintain the “engine” (your margin), the broker will pull the emergency brake-this is Liquidation.
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