Sensex recovered strongly from the previous session’s crash and closed 639 points higher at 78,205 as global risk sentiment improved.
The rally in the Indian stock market today was largely driven by easing US-Iran war fears, which pushed crude oil prices sharply lower and improved investor confidence.
Fertiliser stocks surged sharply after the government introduced a new Natural Gas Regulation Order giving priority gas supply to fertiliser plants.
The Indian stock market today recovered sharply from yesterday’s bloodbath. Sensex on March 9 had crashed 1,835 points, and Nifty had dropped 575 points, leaving investors badly shaken. The stock market today, on March 10, brought much-needed relief. Sensex closed 639.82 points or 0.82% higher at 78,205.98. At the same time, Nifty ended 233.55 points or 0.97% up at 24,261.60.
The key trigger for the rally was a comment from US President Donald Trump that eased war fears. He stated that the US-Iran war was ‘very complete,’ hinting at a swift end to the conflict. This pushed crude oil prices to fall. It also improved risk appetite in global markets, pulling the stock market today out of its fear-driven slump.
Brent crude oil prices went down 7.39% to Rs. 91.65 a barrel after hitting a session high of Rs. 119.50 on March 9. Meanwhile, WTI crude dropped 6.86% to Rs. 88.27 a barrel. The sharp fall in oil gave a direct boost to sectors like aviation, paints, and tyres, all heavy crude consumers.
The Indian rupee strengthened 53 paise to close at Rs. 91.80 per dollar. A weaker dollar index, which fell 0.39% to 98.79, supported the rupee's bounce. Bitcoin also reclaimed the Rs. 70,000 mark, up by 2.32% at press time.
Gold prices were largely steady. Spot gold eased slightly to Rs. 5,131.24 per ounce. At the same time, US gold futures for April rose 0.7% to Rs. 5,141.40. Silver spot gained 0.4% to Rs. 87.32 per ounce. Gold analysts at Augmont set near-term targets of Rs. 5,250-Rs. 5,300 per ounce, with support at Rs. 5,000.
Here is a table showing the biggest stock movers today based on Moneycontrol data.
| Top Gainers | Top Losers |
|---|---|
| Shriram Finance (7.67%) | Infosys (-1.48%) |
| TMPV (3.98%) | Eternal (-1.28%) |
| Eicher Motors (3.72%) | Reliance (-1.07%) |
| Interglobe Avi (3.39%) | Bharti Airtel (-0.87%) |
| M&M (3.33%) | ONGC (-0.59%) |
NSE announced the inclusion of six new stocks into the futures and options segment, effective from April 1. The list includes Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, and Vishal Mega Mart.
Fertiliser stocks were among the sharpest movers in today's share market news. FACT surged 19%, RCF jumped 12.59%, and National Fertilizers rose 11.81%. These stock movements were driven by the government's new Natural Gas Regulation Order, 2026. It gives priority to fertiliser plants amid hopes of lower energy costs from the US-Iran war de-escalation.
Dixon Technologies jumped 7% to Rs. 10,501 after the Ministry of Electronics and Information Technology approved its joint venture with China's HKC Overseas. It is for display module manufacturing. Dixon retains a 74% stake in the venture, with HKC holding the remaining 26%. Nomura maintained a 'buy' rating on the stock with a target price of Rs. 14,678.
Happiest Minds soared up to 12.5% to Rs. 382. The company raised its FY27 revenue growth forecast to 12.5% from an earlier estimate of 10%. Coromandel International saw an extraordinary volume spike. Over 11 lakh shares of the company were traded against a five-day average of just 45,228 shares. Its stock climbed 5.13% to Rs. 2,101.60, gaining on both the fertiliser rally and block deal activity.
On the corporate front, Power Grid Corporation approved raising to Rs. 5,000 crore through a term loan from Union Bank of India. It also gave in-principle approval to divest its entire stake in subsidiary CTUIL to the Grid Controller of India. Torrent Power allotted NCDs worth Rs. 2,000 crore at a coupon rate of 7.97% per annum.
Indonesia signed an agreement with India to procure the BrahMos missile system. This development put defence stocks like Hindustan Aeronautics, Data Patterns, Paras Defence, Premier Explosives, and PTC Industries firmly on investors' radar.
Equity mutual fund inflows rose 8% month-on-month to Rs. 25,977 crore in February. Flexi-cap funds led with Rs. 6,924 crore in inflows. SIP contributions stood at Rs. 29,845 crore in February, slightly lower than Rs. 31,002 crore in January. This shows that despite macroeconomic uncertainty, people are still investing.
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The stock market today closed on a firm note, but analysts caution that the recovery may be fragile. Nifty faces immediate resistance at 24,700, with support placed at 24,100. A sustained move above 25,000 would confirm a stronger bullish trend. Oil prices remain the key variable. Any fresh escalation in the US-Iran war could push Brent back toward Rs. 119 a barrel, triggering another round of selling.
Sectors like financials, automobiles, pharma, and defence are seen as relatively better placed for investors looking to deploy fresh capital. It’s better to stay disciplined, use strict stop-losses, and avoid aggressive positions until the geopolitical picture becomes clearer.
Also Read: US Stock Market Today: Middle East War Hits Stocks as Oil Surge Above $100 Fuels Inflation Fears
Sensex ended the day strongly after recovering from the previous session’s heavy fall. The index gained about 639 points and closed at 78,205.98, rising nearly 0.82%. This rebound came after global market sentiment improved and oil prices fell sharply. The recovery helped investors regain confidence after Monday’s steep decline.
The stock market rose mainly because global tensions appeared to ease. Comments suggesting that the US-Iran conflict may end sooner than expected helped calm investors. This led to a sharp drop in crude oil prices, which reduced inflation concerns and boosted risk appetite. As a result, investors returned to equities and pushed the market higher.
Gold prices remained mostly stable despite the stock market rally. Spot gold traded around $5,131 per ounce, while US gold futures for April rose slightly to $5,141 per ounce. Analysts believe gold still has support near $5,000 per ounce, with potential upside targets between $5,250 and $5,300 in the near term.
Oil prices dropped sharply because fears around the US-Iran conflict began to ease. Comments suggesting the situation may resolve faster than expected reduced concerns about supply disruptions. As a result, Brent crude fell about 7.39% to $91.65 per barrel, while WTI crude dropped to around $88.27, helping global markets recover.
Several important developments shaped today’s market movement. Fertiliser stocks surged after the government announced a new gas supply policy. Dixon Technologies jumped after approval of its display manufacturing joint venture. Happiest Minds rose after improving its revenue outlook, while NSE announced six new stocks will enter the futures and options segment from April 1.