Market performance
Indian equity markets recorded a strong rebound on March 24, 2026, with benchmark indices ending sharply higher.
The rally was supported by positive global cues after signs of easing tensions in the Middle East. A reported pause in US strikes on Iranian energy infrastructure improved investor sentiment.
Buying was broad-based during the session, with strong participation from large-cap, mid-cap and small-cap stocks.
Index performance
Sensex rose 1,372.06 points (1.89%) to close at 74,068.45.
Nifty 50 gained 418.70 points (1.86%) to settle at 22,931.35.
Nifty Bank advanced 1,212.50 points (2.36%) to 52,650.25.
Nifty IT climbed 503.25 points (1.73%) to 29,650.30.
Broader markets outperformed the benchmarks.
Nifty Midcap gained 1,401.50 points (2.66%) to 54,119.05.
Nifty Smallcap rose 201.20 points (2.72%) to 7,601.80.
Most sectoral indices ended in positive territory.
Key market drivers
Easing geopolitical concerns
Market sentiment improved after indications of de-escalation in Middle East tensions. Reports of a pause in US strikes on Iranian energy infrastructure supported global risk appetite.
Strong sectoral support
Banking and IT stocks led the rally. In addition, mid-cap and small-cap indices saw strong buying interest, indicating improved risk appetite among investors.
Commodities and currency
Gold (MCX) rose to ₹1,40,406, gaining ₹1,146 (0.82%).
Silver (MCX) increased to ₹2,26,999, up ₹1,832 (0.81%).
The Indian Rupee ended slightly stronger at ₹93.87 against the US dollar, recovering marginally from recent record lows.
Crude oil prices moved higher amid supply concerns. Brent crude rose 2.03% to $101.97 per barrel, while WTI gained 2.92% to $90.70.
Market volatility
Market volatility eased during the session. The India VIX declined 1.99 points (7.44%) to 24.74, indicating reduced investor fear.
Market takeaway
The sharp rebound reflects improving sentiment supported by easing geopolitical concerns and broad-based buying across sectors.
However, crude oil price movements and geopolitical developments remain key factors to watch in the near term.
Source: Moneycontrol, Business Standard, Google Finance, Livemint
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