The Indian stock market witnessed a severe crash on March 30, 2026, with the Sensex tanking 1635 points or 1.4% to open at 72,565, while the Nifty lost 270 points or 1.2% to open at 22,549.65. According to Live Mint, this represents a gap-down opening as markets opened significantly lower than the previous close. The crash came as global equities tracked losses amid escalating US-Iran war tensions, with the conflict causing jet fuel prices to double in just one month, sending massive shockwaves through the global aviation industry.
The previous positive momentum from the Gift Nifty's 350+ point surge has been completely reversed as global markets now face significant pressure. The Dow Jones Industrial Average had surged over 1,100 points earlier when reports indicated that Iranian leadership may be open to ending hostilities, but these developments have now been overshadowed by the escalating conflict. US President Donald Trump's earlier suggestion that the conflict could be resolved in the coming weeks appears increasingly unlikely as tensions continue to escalate.
Despite the current market volatility, Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Dalal Street undertone remains positive after the de-escalation in the US-Iran war. According to the analysis reported by Live Mint, the Nifty 50 may touch 22,850 after a decisive breakout above 22,500. The index faces resistance at 22,500 to 22,550, and after decisively breaking above this resistance, the 50-stock index may try to approach the 22,850 level. However, the current market crash has created new technical challenges for near-term recovery.
The Bank Nifty has lost almost 18% in the last month from the peak zone of 61,680 level, as reported by Live Mint. The index crashed heavily on the final day of the financial year, losing 2,000 points amid tense market sentiment and concerns that a financial crisis could be triggered in the coming days. The index has the next major and crucial support positioned near the 47,800 zone, but the current market volatility may test this support level in the near term.
Vaishali Parekh recommended three intraday stocks for Wednesday trading: SAIL at ₹151.40 with target ₹160 and stop loss ₹147, Arvind Fashions at ₹403.50 with target ₹416 and stop loss ₹392, and Coal India at ₹450 with target ₹466 and stop loss ₹440. As reported by Live Mint, these recommendations are based on technical analysis and current market conditions, though the current market crash may impact near-term trading opportunities.
