Indian equity benchmarks began trading on a strong note on Tuesday, March 24, 2026. The Indian market was up as global markets also traded higher. The global market rose as US President Donald Trump said that the US had held talks with Iran regarding an end to the ongoing war between the two.

The Sensex, a 30-stock index, rose by 1,516.08 points or 2.08 per cent to start trading at 74,212.47. The Nifty 50 also rose by 365.8 points to start trading at 22,878.45. In the last trading session, the Sensex had closed at 72,696.39, while the Nifty had closed at 22,512.65.

Broader markets join rally

The positivity was reflected in other markets as well. The BSE Midcap Select Index opened with a gain of 363.43 points, or 2.46 per cent, in early trade. The BSE Smallcap Select Index opened with a gain of 158.28 points, or 2.31 per cent, and traded at 7,18.79.

The market breadth was also strong in the opening session of the day. On the NSE, 2,297 stocks closed with a gain, while 189 stocks closed with a decline and 58 stocks closed with an unchanged position.

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Crude oil drop lifts sentiment

One major factor for the rally was the sharp fall in global crude oil prices, which fell by as much as 14 per cent. A fall in crude oil prices generally acts as a positive trigger for the Indian market.

Gift Nifty signals strong opening

Gift Nifty, which is considered an early indicator for the Nifty 50, signalled a strong start for the market. It began with a gain of 692.5 points at 23,157.50, as compared to the previous day’s close at 22,465.

On the institutional trading front, Foreign Institutional Investors continued their selling spree for the seventeenth consecutive day by selling equities amounting to Rs. 10,414.23 crore on March 23. On the other hand, Domestic Institutional Investors helped to neutralise the selling by buying equities amounting to Rs. 12,033.97 crore.

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Asian markets track global gains

Asian markets also traded higher, following the lead from Wall Street’s rise. The S&P 500 increased by 1.1 per cent, which was the best day for the market since the conflict began.

The Nikkei 225 in Japan increased by 353.51 points or 0.69 per cent. The Hang Seng in Hong Kong also increased by 407.53 points. The Kospi in South Korea also traded higher, increasing by 329.17 points. The Shanghai SSE Composite Index in China increased by 36.06 points or 0.95 per cent during the day.

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