Sensex and Nifty Surge on Geopolitical Easing, Crude Oil Decline

Sensex and Nifty Surge on Geopolitical Easing, Crude Oil Decline​

Mumbai, March 25 – Dalal Street opened positively for the second consecutive trading day on Wednesday, bolstered by easing geopolitical concerns and reports suggesting a potential diplomatic solution to the West Asia conflict. Investor confidence was further enhanced by indications of a 15-point plan proposed by Donald Trump via Pakistan regarding Iran.

The Sensex opened around 600 points higher, at 74,652, representing an 0.80 per cent increase, while the Nifty began trading at 23,064, up 150 points or 0.66 per cent.

Early trading saw the 30-share index extend gains, reaching an intraday high of 74,840 as of 9:18 a.m. The Nifty also rose approximately one per cent, reaching 23,173.05.

Sectorally, most indices experienced upward movement. Nifty Auto rose 1.47 per cent, followed by Nifty Realty (1.39 per cent), Nifty Media (1.30 per cent), and Nifty Metal (1.23 per cent). PSU banks and financial services indices also saw gains exceeding one per cent. The IT sector, however, faced pressure.

Broader market participation mirrored the positive sentiment, with the Nifty Midcap 100 and Nifty Smallcap 100 advancing around 1 per cent each.

Analysts noted that alongside macroeconomic factors, stock-specific developments are expected to drive selective trading activity in the near term. While global factors supported the positive opening, they cautioned that the broader market structure remains fragile.

“Sustained upside will require a decisive breakout above key resistance levels, failing which the prevailing sell-on-rise approach is likely to dominate near-term sentiment,” analysts stated.

They advised investors to adopt a disciplined and selective strategy amidst ongoing global uncertainties and heightened volatility. Accumulating fundamentally strong stocks during corrections may be prudent, while fresh long positions should ideally be initiated only after Nifty decisively crosses and sustains above the 24,500 level.

Crude oil prices experienced a sharp decline, with Brent crude futures falling 7 per cent to an intraday low of $97.18 per barrel, and US WTI crude dropping over 6 per cent to $86.72.

Wall Street indices ended lower, with the S&P 500 declining 0.84 per cent and the Nasdaq dropping 0.37 per cent.

Asian markets traded strongly higher, with Japan’s Nikkei surging 3.26 per cent, South Korea’s KOSPI rising 3.36 per cent, and Hong Kong’s Hang Seng gaining 1.30 per cent.