Sensex, Nifty Rebound Sharply in Early Trade as Global Markets Rally on Iran De-escalation Signals

Sensex, Nifty Rebound Sharply in Early Trade as Global Markets Rally on Iran De-escalation Signals​

Indian Equity Markets Open Strong After Previous Session Losses​

Mumbai, March 24: Benchmark equity indices Sensex and Nifty staged a sharp rebound in early trading on Tuesday, tracking a broad-based rally in global markets after the United States signaled a temporary pause in strikes targeting Iranian energy infrastructure.

The 30-share BSE Sensex surged 1,516 points to 74,212.47 in early trade, while the NSE Nifty climbed 386.95 points to 22,899.60, recovering from steep losses recorded in the previous session.

Key Gainers and Laggards on Sensex​

Among Sensex constituents, InterGlobe Aviation, Asian Paints, Eternal, Adani Ports, Trent, and Larsen and Toubro emerged as the top gainers, reflecting strong buying interest across sectors.

Power Grid stood out as the only laggard in the index during early trade.

Global Sentiment Lifts Markets​

The positive momentum followed developments in global geopolitics after US President Donald Trump announced a five-day postponement of planned strikes on Iranian energy sites. He also extended the deadline for Iran to reopen the Strait of Hormuz, a key global shipping route.

This announcement lifted investor sentiment globally, with major Asian markets including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng trading in positive territory. US markets had also closed higher in the previous session.

Crude Oil Movement and Market Impact​

Despite the easing geopolitical stance, Brent crude prices remained elevated, rising 4.16 percent to USD 104.1 per barrel. The temporary pause in tensions contributed to a pullback in oil price pressures, which supported risk appetite in equities.

Institutional Flows Remain Mixed​

Foreign Institutional Investors continued to offload equities, selling shares worth Rs 10,414.23 crore on Monday, according to exchange data. In contrast, Domestic Institutional Investors provided support to the market, purchasing equities worth Rs 12,033.97 crore.

Previous Session Recap​

The rebound comes after a sharp decline in the previous session. On Monday, the Sensex had plunged 1,836.57 points or 2.46 percent to close at 72,696.39, while the Nifty dropped 601.85 points or 2.60 percent to settle at 22,512.65.