Stock markets jump nearly 2% as Trump halts strikes on Iran's energy infrastructure
The Hindu
Stock markets surged nearly 2% as Trump paused strikes on Iran, boosting investor confidence amid easing geopolitical tensions.
Benchmark stock indices Sensex and Nifty rebounded by nearly 2% on Tuesday (March 24, 2026), tracking a relief rally in Asian peers after U.S. President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure.
The 30-share BSE Sensex jumped 1,372.06 points or 1.89% to settle at 74,068.45. During the day, it soared 1,793 points or 2.46% to 74,489.39.
The 50-share NSE Nifty surged 399.75 points or 1.78% to end at 22,912.40.
Power Grid and State Bank of India were the only laggards from the pack.
Mr. Trump said on social media that he has extended the deadline for Iran to reopen the Strait of Hormuz, the strategically located shipping lane between the Persian Gulf and the Gulf of Oman, and that he will hold off strikes against Iranian energy sites for five days.
“Indian equities witnessed a constructive rebound, with markets closing on a positive note after the sharp sell-off in the previous session. The recovery was largely driven by a moderation in risk perception, as early signs of potential de-escalation in the ongoing U.S.–Iran tensions helped restore some investor confidence,” Hariprasad K., Research Analyst and Founder, Livelong Wealth, said.
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