New Delhi:
Sensex Today | Nifty 50, Share Market Highlights: Indian equity benchmarks opened higher on Tuesday, tracking a rebound in global markets and a sharp retreat in crude oil prices. At the close, the Nifty50 was trading 0.97% or 233 points higher at 24,261, and the Sensex was trading 0.82% or 639 points higher at 78,205.
A key relief for markets came from oil. Brent crude slipped below the psychologically important $100 a barrel mark, while US West Texas Intermediate crude plunged nearly 10% after US President Donald Trump said the Iran conflict could end soon. The cooling in oil prices has eased fears of a prolonged supply shock that had rattled global financial markets.
Earlier, the Indian rupee opened at 91.92 against the US dollar, showing improvement from the previous close of 92.32. However, volatility linked to the ongoing Middle East conflict is likely to keep investors cautious. Earlier, derivatives market had already suggested a rebound.
On Monday (March 9), the Nifty50 ended 1.73%, or 422.40 points, lower at 24,028.05, while the Sensex settled down 1.71%, or 1,352.74 points, at 77,566.16.
Meanwhile, in the wake of the Iran war, India’s Ministry of Petroleum and Natural Gas has assured 100 per cent assured supply to homes and CNG for vehicles.