New Delhi, March 10 -- The Indian benchmark indices opened with significant gains on Tuesday. BSE Sensex rose by 591.41 points or 0.76 per cent to reach 78,157.57 at 9:17 am, while NSE NIFTY 50 climbed 158.20 points or 0.66 per cent to 24,186.25.

Shrikant Chouhan, Head Equity Research at Kotak Securities, said, "We are of the view that the current market texture is weak but oversold. For day traders, 24,000-23,900/77,500-77,200 would act as key support zones. Above this, we could see an extension of the pullback move till 24,200-24,300/78,000-78,300."

Chouhan further noted that "the strategy should be to reduce weak long positions between 24,200/24,300 levels," warning that "below 23,900/77,200, the selling pressure is likely to acceler...