Stock Market Today Highlights: Indian benchmark indices Sensex and Nifty 50 closed nearly 1% higher on Tuesday, March 10, recovering from the previous session’s losses as improving global cues lifted investor sentiment.
Sensex ended 639.82 points or 0.82% higher at 78,205.98 while the broader Nifty 50 rose 233.55 points or 0.97% to settle at 24,261.60.
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.
Investors earned ₹7 lakh crore in a single session as the overall market capitalisation of BSE-listed firms rose to nearly ₹448 lakh crore from ₹441 lakh crore in the previous session.
The rebound followed comments by US President Donald Trump suggesting that the ongoing conflict between the United States and Iran could be nearing a resolution. Easing geopolitical tensions, along with a decline in the US dollar and crude oil prices, helped support risk appetite in equity markets.
The gains came after domestic equities had fallen more than 1% in the previous session, when escalating tensions in the Middle East had triggered broad selling across global markets.
Global Markets today
Global equity markets rebounded on Tuesday after sharp losses in the previous session, as investors bet that the conflict with Iran may not drag on for long. However, the recovery remained modest compared with Monday’s sell-off, when oil prices surged close to $120 per barrel before retreating to around $90.
US stock futures pointed to a higher opening, with Dow futures rising 0.4% to 47,970, while S&P 500 futures gained 0.4% to 6,830.75.
Investor sentiment improved after US President Donald Trump told CBS News that he believed the war was “very complete.” He also warned of stronger action if Iran attempts to disrupt global oil supply.
European markets moved higher in early trade. France’s CAC 40 climbed 1.9%, Germany’s DAX advanced 2.4%, and Britain’s FTSE 100 rose 1.6%.
Asian markets also posted gains. Japan’s Nikkei 225 increased 2.9%, South Korea’s Kospi surged 5.4%, and Australia’s S&P/ASX 200 rose 1.1%. Hong Kong’s Hang Seng gained 2.2%, while Shanghai’s Composite index edged up 0.7%.
Oil prices eased as markets stabilised. US crude fell $7.56 to $87.21 per barrel, while Brent crude declined $7.54 to $91.42.
Despite the rebound, uncertainty remains over how high oil prices could climb amid disruptions to Middle East energy infrastructure.