Mumbai, India — March 10, 2026
India’s benchmark stock indices closed firmly in positive territory on Tuesday, with the BSE Sensex surging nearly 640 points and the NSE Nifty advancing close to one percent, supported by falling crude oil prices and positive global market trends.
Investor sentiment improved after crude prices declined sharply and expectations grew that geopolitical tensions in West Asia could ease in the near term. Lower oil prices tend to support emerging markets like India by reducing inflationary pressure and improving economic outlook.
Sensex and Nifty Post Strong Gains
The 30-share BSE Sensex rose 639.82 points, or 0.82 percent, to settle at 78,205.98. During the session, the index climbed as much as 960.09 points, touching an intraday high of 78,526.25.
Meanwhile, the 50-share NSE Nifty advanced 233.55 points, or 0.97 percent, closing at 24,261.60.
The market rebound follows a sharp fall in the previous session, suggesting renewed investor confidence driven by global cues and sectoral buying.
Rupee Strengthens Against the US Dollar
The Indian rupee recovered from its record low, gaining 36 paise to close at 91.85 per US dollar (provisional). Analysts say the strengthening currency reflects easing crude oil prices and improved capital market sentiment.
Top Gainers and Losers on the Sensex
Among the top gainers on the Sensex were:
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Mahindra & Mahindra
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InterGlobe Aviation
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Maruti Suzuki
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ICICI Bank
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Asian Paints
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UltraTech Cement
However, some major stocks ended lower, including:
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Eternal
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Infosys
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Reliance Industries
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Bharti Airtel
Global Markets Show Strong Momentum
Global equity markets also supported the rally.
In Asia, South Korea’s Kospi index jumped 5.35 percent, while Japan’s Nikkei 225 gained 2.88 percent. China’s Shanghai SSE Composite and Hong Kong’s Hang Seng Index also closed higher.
European markets traded strongly during the session, while US markets ended Monday with gains, further boosting global investor sentiment.
Brent Crude Prices Drop Sharply
The global oil benchmark Brent crude fell 9.03 percent to $90.26 per barrel, easing concerns about inflation and energy costs.
Lower crude prices are generally positive for India, which imports a significant portion of its energy requirements.
Institutional Investor Activity
According to exchange data:
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Foreign Institutional Investors (FIIs) sold shares worth ₹6,345.57 crore in the previous trading session.
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Domestic Institutional Investors (DIIs) bought equities worth ₹9,013.80 crore, providing support to the market.
Previous Session Losses
The market rally came after a sharp decline on Monday.
The Sensex had dropped 1,352.74 points (1.71 percent) to close at 77,566.16, marking its second straight session of losses. Similarly, the Nifty fell 422.40 points (1.73 percent) to settle at 24,028.05.
Tuesday’s rebound indicates renewed buying interest as global and domestic factors improved.
