Global Tailwinds Lift Markets; Sensex Gains 1,000 Points at Open

Mumbai, March 24: Indian markets opened stronger on Tuesday morning, buoyed by positive global cues following de-escalation signals from the Middle East. At 9:16 AM, the Sensex climbed 1.39% or 1,078 points, while the Nifty surged 1.37% or 307 points. 

US President Trump’s announcement of a five-day window to pause strikes on Iranian power plants lifted sentiment across Asia-Pacific markets, which rallied sharply. South Korea’s Kospi jumped 3.5%, and Japan’s Nikkei 225 rose 2.2%, supported by February headline inflation cooling to 1.3%—its lowest since March 2022—easing pressure on the Bank of Japan to hike rates. 

Sector Snapshot 

Nifty Auto led with a 2.21% gain, followed by the Nifty PSU Bank, Realty, and Metal indices. Nifty IT lagged as one of the weakest performers. 

Broader Markets 

Nifty Midcap rose 1.88%, and Nifty Smallcap gained 1.84% at 9:27 AM. 

Yesterday’s Context 

Indian equities crashed Monday amid US-Iran tensions, with Sensex plunging over 1,800 points and Nifty falling ~2.6% to settle near 22,512 on broad risk aversion. The rupee hit a record low of 93.94/USD, driven by soaring energy import costs and FPI outflows exceeding ₹1 trillion YTD. Separately, Fitch raised India’s FY26 growth forecast to 7.5%, citing strong domestic demand and infrastructure spending. 

ETF Performance 

Silver ETFs spearheaded gains—SILVERBEES +10.88 to ₹204.29, HDFCSILVER +12.50 to ₹204.51, SBISILVER +11.61 to ₹208.87—mirroring global metal rallies amid lingering tensions. Gold ETFs trailed positively (GOLDBEES +3.30 to ₹114.01; GOLDIETF +4.28 to ₹118.05), while NIFTYBEES edged up 3.11 to ₹258.34; TATAGOLD led volumes at 30.7 lakh shares, signaling safe-haven demand. 

US Markets Rally 

US stocks surged on Monday close after President Trump announced a five-day delay on strikes against Iranian facilities amid “productive” talks, easing oil disruption fears. The Dow Jones soared 631 points (1.38%) to 46,208; S&P 500 rose 1.25% to 6,594; Nasdaq gained 1.48% to 21,984. Airlines and energy shares led gains as Brent crude tumbled 11% to $99.94/barrel. VIX dropped sharply, signaling reduced volatility bets. 

European Markets Rebound 

European indices rebounded strongly, with FTSE 100 up 1.8%, DAX rallying 2.1%, and CAC 40 advancing 1.9% on Trump’s de-escalation comments. Oil majors like Shell and BP jumped 4-5%; banks also rose amid lower yields. Safe-haven gold eased but euro strengthened versus USD. 

Sources:  

• https://www.bseindia.com/sensex/code/16/ 
• https://www.bseindia.com/markets/etf/ETF_MktWatch.aspx 
• https://www.nseindia.com/index-tracker/NIFTY%20IT