Indian equity markets closed sharply lower on March 30, with the Sensex tumbling 1,635.

Indian equity markets closed sharply lower on March 30, with the Sensex tumbling 1,635.67 points and Nifty 50 declining 488.20 points amid multiple headwinds. Surging crude oil prices, a record-weak rupee, and sustained foreign fund outflows triggered broad-based selling, with banking and financial stocks leading losses. Brent crude rose 2.41 percent to $107.86 per barrel, adding pressure on India's macro outlook. Foreign portfolio investors sold for the fourth consecutive week with $2.73 billion in outflows, bringing March total outflows to $12.3 billion. Geopolitical tensions in West Asia, including fresh Houthi missile strikes on Israel, reinforced global risk-off sentiment across Asian markets. The rupee ended at 94.83 per U.S. dollar. Technical analysts identify key support levels at Nifty 22,200-22,000, with potential bounces expected if these levels hold firm.