Stock Market Opens Strong: Nifty Up 1.5%, Sensex Rallies 1,516 Pts; Rupee Recovers as Trump Delays Iran Strike

Indian Stock Market Today: Benchmark indices Nifty and Sensex opened Tuesday's session on a strong note, tracking positive global cues and firm trends across Asian markets. The Indian rupee also recovered in early trade. The upbeat sentiment follows easing geopolitical concerns after US President Donald Trump announced a five-day delay in planned air strikes on Iran.

Earlier, Gift Nifty had indicated a gap up opening of the Indian stock market today as it was up close to 1.5%. Nifty and Sensex's opening on Tuesday came after a massive stock market crash on Monday amid concerns around crude oil price rally and geopolitical tensions ue to Iran-US war in the West Asia.

Nifty and Sensex on Monday closed nearly 2.5% lower, wiping off around Rs 15 lakh crore of investors' wealth. BSE market capitalisation declined around Rs 15 lakh crore as the stock market sell-off continued on the day.

Top Gainers, Top Losers

Shriram Finance, Eternal, Eicher Motors, IndiGo, Asian Paints, Adani Ports, Apollo Hospital, Bajaj Auto, were among the top Nifty 50 gainers in the early hours of the Indian stock market trading session on Tuesday. Whereas, Coal India, Power Grid were among the top Nifty 50 laggards as they were down nearly 1.5%.

Why is the stock market rising today?

The positive opening of Nifty and Sensex today is due to the stock market's recovery from its multi-year low mark. The recovery came after United States President announced a 5-day break in the Iran-US war. The announcement was followed by correction in crude oil prices as well.

Indian Rupee Opens Strong

Indian Rupee opened higher on Monday at 93.6 against the US dollar, strengthening from its previous close of 93.98. The recovery comes after the domestic currency witnessed a sharp decline over the past two to three sessions amid concerns over the Iran-US conflict and a surge in crude oil prices.

Asian Stock Markets Trade Higher

Asian stock markets were trading after seeing a sharp sell-off following a sell-off in the last trading session. Japan's Nikkei surged around 0.8% and Kospi Composite Index was trading 1.5% higher at 9:04 am. China's Shanghai Composite also gained 0.15%.

US Stock Market Stage Recovery

US stock market also ended higher on Monday after Donald Trump's remark on Iran-US war. S&P 500 closed 1.15% higher on March 23. Dow Jones Industrial Average surged around 631 point. Nasdaq Composite also ended Monday's trading session 1.38% higher.

Iran-US War Update

US President Donald Trump, late Monday, said that the US is in talks with Iranian leader and also claimed that the Islamic Republic was eager for a deal to end the war. He also announced a 5-day break in the Iran-US war. He also said that there will be an extension of deadline for Iran to reopen the Strait of Hormuz or face attacks on its power plants.

"BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WHICH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD," read a post by Donald Trump on Truth Social.