Live Market Update - 02 April, 2026

Damage is broad and participation is weak. That’s the key takeaway right now. Almost everything opened weak and stayed weak. The only pocket showing some stability is IT, and even that’s just relative outperformance, not strength. Financials are dragging hard, PSU banks leading the fall, that’s where the pressure is concentrated. Midcaps not offering any cushion either, which tells you this isn’t just index-led selling. Crude pushing above $111 and yields rising, macros are clearly weighing. 22100 now becomes the line in the sand. If that goes, this can quickly shift from controlled selling to panic. So far, no signs of strong buying interest. Only absence of sellers slowing things down occasionally.