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Indian equity markets are bracing for another turbulent session on March 24, 2026, following a brutal selloff on Monday. The BSE Sensex plunged over 1,842 points, or roughly 2.3 per cent, while the NSE Nifty dropped nearly 585 points to trade around 22,530 levels on March 23. The Week The selloff was broad-based, with all 16 major NSE sectors in the red.

The primary trigger remains the escalating US-Iran conflict now in its fourth week. Iran has threatened to attack energy and water infrastructure across the Gulf if US President Donald Trump follows through on his threat to attack its electricity grid, raising fears of mass disruption in a region heavily dependent on desalination for drinking water. Upstox Brent crude climbed to around $113 per barrel, adding pressure on India as one of the world's largest oil importers. The Week

On the global front, the Nasdaq slid 2.01% and the S&P 500 fell 1.51% on Friday. Enrich Money FIIs have sold a net ₹81,262.5 crore worth of Indian equities in March 2026 on a month-to-date basis. Enrich Money India VIX surged 19%, reflecting elevated fear and volatility in the market. Business Today GIFT Nifty is pointing to a gap-down opening of 250–400 points on March 24. Key support lies at 22,300–22,000; resistance at 22,700–23,000.