Stock Market Today: Sensex Jumps 520 Points, Nifty Above 22,650 After US Delays Iran Strike

Indian benchmark indices recovered on Tuesday after the sharp sell-off in the previous session, supported by positive global cues and easing geopolitical concerns. The BSE Sensex was trading at 73,217.63, up 521.24 points or 0.72%, while the Nifty 50 stood at 22,667.35, gaining 154.70 points or 0.69% in today’s session.The rebound in domestic markets came as Asian markets traded higher and the US stock market rallied overnight. Investor sentiment improved after the United States postponed planned strikes against Iranian power plants, easing immediate geopolitical tensions in the region. According to reports, Donald Trump extended the deadline for Iran to reopen the Strait of Hormuz and said the US would delay any potential military action for five more days. He also stated that US envoys were holding talks with a “respected” Iranian leader and suggested that Iran wanted to reach a deal. However, Iranian officials denied that any negotiations were taking place.

Meanwhile, precious metals witnessed a decline. Gold and silver prices in India slipped on Tuesday, tracking weakness in international bullion markets. Globally, gold prices fell more than 1%, marking their tenth consecutive session of losses, pressured by a stronger US dollar and fading expectations of near-term interest rate cuts by the Federal Reserve. In contrast, crude oil prices moved higher amid supply concerns linked to tensions in the Gulf region. Brent crude futures rose 2.03% to $101.97 per barrel, while US West Texas Intermediate (WTI) climbed 2.92% to $90.70 per barrel.

The recovery in today’s session follows a steep fall on Monday. The BSE Sensex had ended sharply lower on March 23, plunging 1,836.57 points or 2.46% to close at 72,696.39, as broad-based selling pressure gripped the market. The index opened weak at 73,732.58 and slid further to hit an intraday low of 72,558.44, with financial and consumption stocks leading the decline hitting their lowest levels since April 2025. Among the major laggards in the previous session were HDFC Bank, Titan Company, and UltraTech Cement, which fell by up to 6%. However, select IT stocks such as HCLTech, Infosys, and Tech Mahindra offered limited support to the index with modest gains.