After a nerve-wracking Monday, Indian equity markets bounced back on Tuesday, 24 March 2026, with a broad-based rally lifting the BSE Sensex by over 1,100 points and pushing the Nifty50 past the 22,800 mark. Investor sentiment improved as geopolitical tensions eased and global markets offered supportive cues.
Monday had been a rough day for Dalal Street. Fears of conflict in the Middle East, surging crude prices, and foreign institutional selling drove the Sensex down nearly 1,837 points, while the Nifty dipped to around 22,500, wiping out significant wealth from investors’ portfolios.
Tuesday’s turnaround was led by standout performers across sectors. IndiGo and Asian Paints topped the gainers, each surging roughly 4%, while banking stocks regained strength. HDFC Bank ended its four-day losing streak with a gain of about 3%, buoyed by stabilizing news around leadership changes. Energy companies also benefited, with HPCL and BPCL rising as crude oil prices eased slightly from recent highs.
The relief rally was also fueled by news from the geopolitical front. Reports of the U.S. postponing planned strikes on Iran helped ease fears of a broader conflict, bringing a sigh of relief to investors wary of further market shocks. The positive sentiment was mirrored in Asian and global markets, which also traded higher.
However, not all stocks enjoyed the rally. Some financials and metal companies lagged behind, showing modest gains or trading flat, as investors cautiously evaluated the sustainability of the rebound. Analysts note that while the relief rally demonstrates renewed risk appetite, markets remain sensitive to geopolitical developments and crude oil movements.
For now, Indian markets have shaken off Monday’s jitters, offering a welcome breather to investors, but the coming days may still see volatility as the global situation evolves.