Live Market Update - 23 March, 2026.

Damage is broad and relentless. Index down ~2.6%, but the real story is beneath, 12:1 declines vs advances. That’s near capitulation-type breadth. Midcaps getting hit harder, banks under pressure, no leadership anywhere. Even defensives not offering meaningful shelter. Only pockets of insulation in select names, IT trying to bounce but not convincing yet. Global stress + energy spike + rupee weakness = full risk-off environment. 21050 PE sitting as the next major positioning zone. Question is whether markets stabilize before that… or accelerate into it.