Markets bounce back on crude cooling; Sensex gains 640 pts

The domestic share market indices traded higher on Tuesday as optimism over easing tensions in the Middle East grew following remarks by US President Donald Trump indicating that US military operations in Iran could wind down, leading to softer crude oil prices.At close, the Sensex was up 639.82 points or 0.82 percent at 78,205.98, and the Nifty was up 233.55 points or 0.97 percent at 24,261.60.
Shriram Finance, Interglobe Aviation, Eicher Motors, Tata Motors Passenger Vehicle, M&M were the top gainers on the Nifty, while losers included Infosys, Eternal, Bharti Airtel,ONGC, Reliance Industries.On the sectoral front,except IT and oil & gas all other indices ended in the green with Auto index rose 3 percent, Consumer Durables index added 2.6 percent, PSU Bank index rose 2.2 percent.Broader indices outperformed the main indices with Nifty Midcap index adding 1.6 percent and Smallcap indices rising 2 percent.According to information, the total market capitalisation of BSE-listed companies surged by Rs 6.5 lakh crore to Rs 447.59 lakh crore.
Rupee Close:
On 10 Mar'26,the Indian rupee ended 53 paise higher to close at 91.80 against the IS dollar on Tuesday, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated, Dalal Street mirrored the improvement in global sentiment after the sharp decline in crude oil prices, following comments from Trump hinting at a possible end to the war. However, elevated levels of India VIX continued to signal underlying uncertainty in the market.Broader markets outperformed the benchmark indices, with most sectors trading in positive territory. Fertilizer stocks advanced after the government prioritized gas allocation to the sector, while oil and gas stocks witnessed some correction due to the curtailment of gas allocation.In the near term, markets are likely to remain in the woods, with investors closely monitoring signs of geopolitical de-escalation. Greater clarity could trigger value buying in sectors that have been most affected by recent volatility.
Market experts recommended to buy five shares on Tuesday-MCX, Precision Wires India, Vardhman Textiles, Apollo Hospitals Enterprise, and CCL Products (India).

(Business Correspondent)