The Indian benchmark **Nifty 50** index experienced sharp volatility on Monday amid ongoing geopolitical tensions and rising global oil prices, as trading resumed in Mumbai following a steep decline at the end of the previous week.
As of mid-morning on March 16, 2026, the Nifty 50 was trading around 23,045 to 23,200 levels, showing mixed movements with an intraday range between approximately 23,042 and 23,284. This follows a closing value of 23,151.10 on Friday, March 13 — a drop of 488.05 points or 2.06% from the prior session's close of 23,639.15. The index opened lower at 23,116.10 before fluctuating in a broad band.
