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Mumbai, India | March 24:
Indian stock markets opened strong on Tuesday after recent selling pressure. Both benchmark indices posted sharp gains in early trade, although volatility remains high.
The Nifty 50 opened at 22,878.45, rising 365.80 points. The BSE Sensex surged 1,516.08 points to 74,212.47.
Markets Rebound but Volatility Continues
The market showed a strong recovery at the opening bell. However, experts say uncertainty still affects investor sentiment.
Market expert Ajay Bagga said global conditions remain unstable. He noted that volatility is rising due to geopolitical tensions and rapid reactions to news and social media updates.
Global Factors Keep Markets on Edge
Tensions around the Strait of Hormuz continue to influence global markets. Oil prices remain elevated, with Brent crude trading near USD 104 per barrel.
The US dollar has strengthened, while gold and silver prices continue to decline. Weak global cues and negative US futures are also adding pressure.
Sectoral Indices Show Broad Gains
All major sectors opened in the green on the NSE.
- Nifty Auto gained over 2%
- Nifty PSU Bank rose 2.40%
- Nifty Metal jumped 2.31%
- Nifty IT, FMCG, Pharma, and Private Banks also posted gains
This broad-based buying supported the early market rally.
Asian and US Markets Support Sentiment
Asian markets showed mixed but mostly positive trends. Japan’s Nikkei, Hong Kong’s Hang Seng, and South Korea’s KOSPI posted gains.
US markets also closed higher on Monday. The Dow Jones, S&P 500, and Nasdaq all ended with solid gains, supporting global sentiment.
Indian markets have bounced back strongly after recent losses. However, global tensions and oil price movements continue to drive volatility. Investors remain cautious as uncertainty persists.
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