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Benchmark banal indices Sensex and Nifty rebounded by astir 2% connected Tuesday (March 24, 2026), tracking a alleviation rally successful Asian peers aft U.S. President Donald Trump announced a impermanent halt connected strikes targeting Iranian vigor infrastructure.
The 30-share BSE Sensex jumped 1,372.06 points oregon 1.89% to settee astatine 74,068.45. During the day, it soared 1,793 points oregon 2.46% to 74,489.39.
The 50-share NSE Nifty surged 399.75 points oregon 1.78% to extremity astatine 22,912.40.
Power Grid and State Bank of India were the lone laggards from the pack.
Mr. Trump said connected societal media that helium has extended the deadline for Iran to reopen the Strait of Hormuz, the strategically located shipping lane betwixt the Persian Gulf and the Gulf of Oman, and that helium volition clasp disconnected strikes against Iranian vigor sites for 5 days.
“Indian equities witnessed a constructive rebound, with markets closing connected a affirmative enactment aft the crisp sell-off successful the erstwhile session. The betterment was mostly driven by a moderation successful hazard perception, arsenic aboriginal signs of imaginable de-escalation successful the ongoing U.S.–Iran tensions helped reconstruct immoderate capitalist confidence,” Hariprasad K., Research Analyst and Founder, Livelong Wealth, said.
The rally besides needs to beryllium viewed successful context, helium said.
“After a sharp, sentiment-driven correction, specified rebounds are not uncommon and often bespeak a operation of abbreviated covering and worth buying. Investors typically usage specified dislocations to accumulate prime stocks astatine comparatively charismatic valuations, alternatively than it being a awesome of a structural inclination reversal,” Mr. Hariprasad added.
Asian markets rebounded, with South Korea’s benchmark Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite scale and Hong Kong’s Hang Seng scale ending sharply higher.
Markets successful Europe were trading mostly lower. The U.S. marketplace ended higher connected Monday (March 23).
“The home marketplace witnessed a alleviation rally pursuing a impermanent intermission successful attacks connected Iran’s vigor infrastructure, which could pb to further leeway successful easing West Asia–related tensions,” Mr. Hariprasad said.
“However, caution persists arsenic investors await greater clarity connected the developments astir the Strait of Hormuz,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Investors’ wealthiness surged by ₹7.56 lakh crore to ₹4,22,78,312.77 crore ($4.50 trillion).
The BSE MidCap Select scale jumped 2.77% and SmallCap Select scale climbed 2.29%.
All sectoral indices ended higher. Services surged 3.46%, followed by BSE MidSmall Private Banks Quality Tilt (2.99%), industrials (2.98%), Private Banks scale (2.63%), user durables (2.46%), Bankex (2.40%), user discretionary (2.39%), fiscal services (2.34%), car (2.30%) and commodities (2.19%).
A full of 2,968 stocks advanced, portion 1,295 declined and 168 remained unchanged connected the BSE.
“Market sentiment improved arsenic tensions eased regarding the ongoing U.S.-Iran conflict, with crude lipid prices dropping much than 11% aft Mr. Trump announced a hold successful subject actions against Iran. This improvement helped alleviate fears of imaginable proviso shocks, which had antecedently weighed heavy connected capitalist sentiment. The market’s betterment contiguous tin besides beryllium attributed to a broader consciousness of optimism pursuing the monolithic selloff experienced connected Monday (March 23),” Gaurav Garg, Research Analyst, Lemonn Markets Desk, said.
Brent crude, the planetary lipid benchmark, jumped 1.96% to $101.9 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹10,414.23 crore connected Monday (March 23), according to speech data. Domestic Institutional Investors (DIIs), however, bought stocks worthy ₹12,033.97 crore.
On Monday (March 23), the 30-share BSE Sensex dived 1,836.57 points oregon 2.46% to settee astatine 72,696.39. The Nifty tanked 601.85 points oregon 2.60% to extremity astatine 22,512.65.
