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Below the Quote on Post-market comment by Mandar Bhojane, Research Analyst, Choice Broking 

On March 12, Indian equity indices experienced a mixed closing in a volatile session. The Sensex concluded the day with a gain of 165.32 points or 0.22 percent at 73,667.96, while the Nifty showed a marginal increase of 3.00 points or 0.01 percent, closing at 22,335.70.

The Nifty commenced the day with a flat opening and reached a high of 22,450. However, it witnessed a sudden sharp decline, dropping by 195 points to touch a low of 22,256. The market then moved sideways in the range of 22,300 to 22,400 during the second half of the day. The daily chart for Nifty revealed the formation of a neutral candlestick pattern after a bearish engulfing, signaling ongoing bearish pressure in the market. Immediate support is identified near 22,200 and 22,000. Conversely, a strong close above 22,400 suggests the potential for a new lifetime high in the coming days.

On the sectoral front, all indices, except IT, ended in negative territory. The realty index saw a significant decline of nearly 3.5 percent, while PSU Bank and Media indices were down 2 percent each. Capital goods, FMCG, healthcare, metal, and power indices witnessed a 1 percent decrease. The BSE Midcap index recorded a 1.3 percent decline, and the Smallcap index shed 2 percent.

India VIX exhibited a negative movement of 2.55 percent intraday, settling at 13.6375.

Analyzing the Open Interest (OI) data, the call side displayed the highest OI at 22,500, followed by 22,600 strike prices. On the put side, the highest OI was observed at the 22,000 strike price.

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