Stock Market Today LIVE: Indian equity benchmark indices Sensex and Nifty 50 were trading higher on Tuesday, March 10, following gains in global markets after US President Donald Trump indicated that the ongoing conflict between the United States and Iran may be approaching a resolution. Meanwhile, a fall in dollar as well as crude oil prices also aided the sentiment.
In intra-day deals, Sensex soared 960 points or 1.2% to 78,526.25 while broader Nifty rose 275.75 points or 1.1% to 24,303.80. However, both indices later pared gains to trade around 0.55% higher.
Among sectors, Nifty Auto led the gains followed by banks, financial services, realty, pharma indices.
The anticipated rebound comes after a sharp sell-off in the previous session. On Monday, domestic equities ended significantly lower as escalating tensions in the US-Iran conflict and a sharp spike in crude oil prices weighed heavily on investor sentiment.
Crude oil and Asian shares today
Oil prices plunged while global equities rallied on Tuesday after US President Donald Trump suggested that the US-Israel conflict with Iran could end sooner than initially expected, easing investor concerns after a day of extreme volatility in energy markets.
The comments came as the crisis in the oil-rich Middle East entered its second week. Trump told CBS News that the military campaign was “very complete” and warned that any attempt by Iran to disrupt oil shipments through the Strait of Hormuz would draw a response of “incalculable” scale. The strategic waterway handles roughly 20% of global oil supply, making it critical to energy markets.
Oil markets had witnessed dramatic swings a day earlier, with crude surging nearly 30% to above $119 per barrel before tumbling to around $84. As trading resumed, Brent crude futures dropped up to 10% to below $90 per barrel, helping calm global markets.
Equities across Asia rebounded strongly. MSCI’s Asia-Pacific index excluding Japan rose 2.6%, recovering some losses recorded since the conflict began. Japan’s Nikkei 225 jumped 3.6%, while South Korea’s Kospi surged 6.4%.
Other Asian markets also posted gains, including Hong Kong, Shanghai, Sydney, Singapore, Wellington, Taipei, Manila and Jakarta.
The rebound followed a strong recovery on Wall Street, where all three major US indices ended sharply higher after reversing steep early losses, signalling improved investor sentiment after the previous day’s turmoil.
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