Nifty 50 Rises 143 Points, Sensex Gains 491 Points as Brent Crude Falls

Market Update at 09:33 AM: The Nifty 50 and the Sensex rebounded on Tuesday morning after two days of decline, tracking gains in global equity markets as Brent crude prices eased following comments from U.S. President Donald Trump indicating that the war with Iran could end soon.

As of 9:17 AM, the Nifty 50 was trading 0.58 per cent or 143.35 points higher at 24,167.40. The BSE Sensex was trading 0.62 per cent or 491.68 points higher at 78,030.20.

Trump signalled that the war with Iran may come to an end soon. He also warned that Iran would face action 20 times stronger if the country blocks oil supply through the Strait of Hormuz.

Among individual stocks, InterGlobe Aviation, Shriram Finance, and Asian Paints were the Top Gainers in the Nifty 50 index.

Broader markets outperformed the benchmark indices. The Nifty MidCap 100 and the Nifty SmallCap 100 were trading 1.31 per cent and 1.27 per cent higher, respectively.

On the sectoral front, the Nifty Consumer Durables Index outperformed other sectoral indices with a gain of nearly 2 per cent. Meanwhile, the Nifty Oil and Gas Index underperformed the sectoral indices.

Brent crude prices declined 11 per cent to USD 88.05 per barrel on Tuesday following Trump’s remarks. As of 7:20 AM, Brent Crude was trading 10.37 per cent lower at USD 88.70 per barrel.

Pre-Market Update at 7:34 AM: The Indian benchmark indices, the Sensex and Nifty 50, are likely to open on a positive note on Tuesday, March 10, 2026, supported by strong global market cues. Investor sentiment improved after U.S. President Donald Trump indicated that the U.S.–Iran war may be approaching its end. Asian markets traded higher, while the U.S. stock market rallied overnight as crude oil prices declined following Trump’s remarks, easing concerns over rising inflation.

As of 7:25 am, GIFTY Nifty was trading around the 23,411 level, at a premium of nearly 396 points from the Nifty futures’ previous close, indicating a major gap-down opening for the Indian stock market indices.

Asian markets traded higher on Tuesday following a strong rally on Wall Street. The gains came after crude oil prices declined and the U.S. President suggested that the conflict with Iran could be nearing its conclusion. Japan’s Nikkei 225 rose 1.66 per cent, while the Topix gained 1.3 per cent. South Korea’s Kospi surged 6 per cent and the Kosdaq advanced 4 per cent. Meanwhile, Hong Kong’s Hang Seng index futures pointed to a weaker opening.

U.S. President Donald Trump stated that the U.S.–Iran war in the Middle East could end soon. He initially suggested that the campaign was nearly complete, saying it was “very complete, pretty much,” before warning hours later that American forces could escalate attacks if Tehran attempted to disrupt global energy supplies.

The U.S. dollar weakened on speculation that the conflict in the Middle East could remain limited. The dollar index declined 0.39 per cent to 98.79.

Japan’s economy expanded faster than earlier estimated in the final quarter of 2025. The country’s gross domestic product increased by 1.3 per cent, significantly higher than the initial estimate of 0.2 per cent and slightly above economists’ median forecast of 1.2 per cent. On a quarter-on-quarter basis without annualisation, GDP grew 0.3 per cent, higher than the earlier estimate of 0.1 per cent.

Japanese government bond yields declined after signs that oil prices were stabilising, easing concerns about inflationary pressure. The benchmark 10-year JGB yield dropped 3.5 basis points to 2.150 per cent. The two-year yield slipped 0.5 basis points to 1.23 per cent, while the five-year yield fell 2 basis points to 1.600 per cent.

Amid oil supply disruptions caused by the U.S.–Iran conflict, energy ministers from the Group of Seven nations are scheduled to hold a virtual meeting on Tuesday to discuss the situation. Although G7 finance ministers met on Monday to consider releasing strategic oil reserves, no final decision was taken.

Sammaan Capital and SAIL will remain under the futures and options ban for Tuesday.

On March 9, Foreign Institutional Investors were net sellers as they sold equities worth Rs 6,345.57 crore. Domestic Institutional Investors bought shares worth Rs 9,013.80 crore during the same session. FIIs have remained net sellers for the last seven consecutive trading sessions.

On Monday, the Indian stock market closed with heavy losses due to a sharp sell-off across sectors amid escalating tensions in the U.S.–Iran war and a surge in crude oil prices. The Sensex plunged 1,352.74 points, or 1.71 per cent, to close at 77,566.16, while the Nifty 50 declined 422.40 points, or 1.73 per cent, to settle at 24,028.05.

U.S. stock markets ended higher on Monday following a late-session rebound after Donald Trump suggested that the ongoing U.S.–Israel–Iran conflict could be nearing an end. The Dow Jones Industrial Average rose 239.25 points, or 0.50 per cent, to close at 47,740.80. The S&P 500 gained 55.97 points, or 0.83 per cent, to finish at 6,795.99. The Nasdaq Composite climbed 308.27 points, or 1.38 per cent, to settle at 22,695.95.

Among major technology stocks, Nvidia rose 2.68 per cent, Advanced Micro Devices jumped 5.32 per cent, and Broadcom gained 4.63 per cent. Apple advanced 0.94 per cent, while Intel surged 4.97 per cent. Shares of SanDisk recorded the biggest gain, rising 11.64 per cent.

Gold remained steady near USD 5,162 per ounce on Tuesday, rising 0.5 per cent from the previous session after remarks from President Trump suggested that the Middle East conflict could end soon. As of 7:35 am, spot gold was up 0.5 per cent at USD 5,162 per ounce, while silver surged 2 per cent to USD 88.72 per ounce.

Oil prices declined on Tuesday after reaching their highest level in more than three years during the previous session. Prices fell after the U.S. President predicted that the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent crude futures traded at USD 86.60 per barrel at 7:14 am, while U.S. West Texas Intermediate crude was at USD 82.98 per barrel.

Disclaimer: The article is for informational purposes only and not investment advice.