Markets Rebound as Nasdaq Leads; Nifty Snaps Three-Day Losing Streak
By Prime Research | Updated at: Mar 17, 2026 10:43 AM IST
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Stocks rebounded sharply on Monday after several consecutive sessions of notable losses, with all major averages closing higher. The tech-heavy Nasdaq led the advance.
The indexes finished off their intraday highs but remained strongly positive. The Nasdaq surged 268 points, or 1.2%, to 22,374; the S&P 500 jumped 67 points, or 1%, to 6,699; and the Dow advanced 387 points, or 0.8%, to 46946.
It was the market’s strongest session since the outbreak of the conflict in Iran. Easing oil prices reduced immediate concerns over energy-driven inflation and its drag on economic growth.
The technology and travel sectors led broad gains. Norwegian Cruise Line rose 5%, and United Airlines climbed 4%, both benefiting from lower fuel costs.
Semiconductor stocks were among the session’s standout performers in the technology sector. NVIDIA and Micron posted notable gains as investors reassessed geopolitical risks to global supply chains and demand for digital infrastructure.
The surge in crude prices this month is likely to shift the inflation outlook and lead most central banks to hold rates steady at their policy meetings this week.
The Federal Reserve opened its March 17–18 policy meeting today, with markets broadly expecting rates to hold at 3.50–3.75%. Investor focus is on the updated dot plot, as energy-driven inflation has reduced 2026 rate-cut expectations from three to one.
Nifty snapped a three-day losing streak in a session defined by extreme volatility.
Having corrected nearly 13% from its all-time high, Nifty found support in the gap band of 22,923–23,207, setting the stage for a potential pullback rally.
This rebound was driven by bargain hunting in heavyweights across the banking, auto, and FMCG sectors, despite ongoing volatility stemming from geopolitical tensions in West Asia.
On the upside, 23,700 emerges as a key resistance to monitor. A decisive break below 22,923 would signal a resumption of the downtrend.
Indian equity markets are set to open on a firm note, supported by favourable global cues.
Foreign investors are sitting on sizable short positions, and any unwinding of those bets could trigger a short-term rally.
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