Sensex and Nifty Rebound Amid Geopolitical Signals

Indian Stock Market Rises in Early Trade as Global Sentiment Improves​

Benchmarks Gain in Morning Session​

Indian equity markets opened higher on Tuesday, March 10, as improving global sentiment supported early trading activity. Optimism in global markets followed indications from US President Donald Trump that the ongoing conflict with Iran could be nearing an end.

As of 9:29 am, the BSE Sensex was up 413 points, or 0.53 percent, at 77,979, while the NSE Nifty 50 gained 112 points, or 0.47 percent, to trade at 24,140.

Midcap and Smallcap Stocks Outperform​

Broader markets outperformed the benchmark indices during the session.

The Nifty Midcap 100 advanced 1.05 percent, while the Nifty Smallcap 100 climbed 1.32 percent, indicating stronger participation across the broader market segments.

Sectoral Indices Mostly Positive​

Most sectoral indices traded in positive territory during early trading.

Among the top performers were:

• Nifty Consumer Durables, which rose 1.95 percent
• Nifty Auto, gaining 1.47 percent
• Nifty Pharma, advancing 1.28 percent

However, a few sectors faced mild pressure.
Nifty IT declined 0.54 percent, while the Nifty Oil and Gas index slipped 0.47 percent.

Key Technical Levels for Nifty and Bank Nifty​

Market participants are closely watching important technical levels for the benchmark indices.

• Nifty resistance is seen in the 24,200 to 24,250 range
• Nifty support is expected between 23,900 and 23,950

For the banking index:

• Bank Nifty resistance is placed between 56,300 and 56,400
• Support is located in the 55,700 to 55,800 zone

Global Developments Lift Market Sentiment​

Global risk sentiment improved after remarks from US President Donald Trump suggested that the conflict involving the US and Israel with Iran could soon come to an end.

The comments triggered a sharp decline in crude oil prices and the US dollar, developments that typically support risk assets such as equities.

Crude oil prices reportedly dropped by more than 10 percent before partially rebounding after Trump said he was considering taking control of the Strait of Hormuz. He also stated that the war is “over” and could conclude “very soon,” according to multiple reports.

Asian Markets Rally​

Asian markets traded broadly higher, reflecting the improvement in global sentiment.

• Shanghai Composite rose 0.39 percent
• Shenzhen Composite gained 1.57 percent
• Japan’s Nikkei advanced 2.35 percent
• Hong Kong’s Hang Seng climbed 1.76 percent
• South Korea’s Kospi surged 4.8 percent

US Markets Close Higher​

Wall Street ended Monday’s session in positive territory.

• Nasdaq Composite rose 1.38 percent
• S&P 500 gained 0.83 percent
• Dow Jones Industrial Average advanced 0.5 percent

Institutional Flows​

On March 9, foreign institutional investors (FIIs) were net sellers of Indian equities worth Rs 6,345 crore.

Meanwhile, domestic institutional investors (DIIs) remained net buyers, purchasing equities worth Rs 9,013 crore.

Outlook​

In the near term, market participants are expected to remain cautious as they monitor geopolitical developments, crude oil price movements, and broader global risk sentiment for clearer direction.