Indian equity markets staged a strong rebound on March 10, 2026, with benchmark indices recovering after two sessions of sharp declines. The rally was supported by easing crude oil prices and improving global risk sentiment following diplomatic signals suggesting a possible easing of tensions in West Asia.
Investor confidence also improved after stabilisation in currency markets and policy support measures aimed at managing bond yields.
Index performance
Sensex gained 639.82 points (0.82%) to close at 78,205.98.
Nifty 50 rose 233.55 points (0.97%), ending the session at 24,261.60.
Nifty Bank advanced 931.00 points (1.66%) to 56,950.80.
Nifty IT slipped 138.05 points (0.46%) to close at 30,024.00.
Broader markets outperformed the benchmark indices.
Nifty Midcap climbed 912.15 points (1.62%) to 57,177.65.
Nifty Smallcap surged 172.30 points (2.17%) to 8,098.45.
What supported the market rebound?
Easing crude oil prices
Energy markets stabilised after the sharp spike seen in previous sessions. US crude oil fell by $7.56 to $87.21 per barrel, while Brent crude declined $7.54 to $91.42, helping ease concerns around inflation and energy import costs for India.
Improving global sentiment
Market sentiment strengthened after diplomatic comments suggested the possibility of a near-term easing of geopolitical tensions in West Asia. Investors interpreted the developments as a potential stabilising factor for global commodity markets.
RBI intervention in bond markets
The Reserve Bank of India conducted open market operations (OMO) to purchase government bonds at a premium in order to contain rising yields. The move followed a surge in yields that recently crossed the 6.7% level, reflecting tighter financial conditions.
Commodities and Currency
Gold (MCX April 2 contract) rose to ₹1,61,799, gaining ₹1,500 (0.94%).
Silver (MCX May 5 contract) climbed to ₹2,76,186, rising ₹9,026 (3.38%).
The Indian Rupee recovered from its recent record low and strengthened to around ₹91.81 against the US dollar by the closing bell.
Market takeaway
Tuesday’s session reflects a relief rally after recent volatility driven by geopolitical tensions and crude oil price spikes. The cooling of energy prices, policy support from the central bank, and stabilising global sentiment helped restore buying interest across broader market segments.
Near-term market direction will likely remain sensitive to developments in global oil markets, geopolitical updates, and currency movements.
Source: Moneycontrol, Business Standard, Google Finance
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