News

Stock Market Today: The Indian stock market opened sharply higher on Tuesday, following a rally in global markets amid signs of de-escalation in the US-Iran war. The benchmarks Sensex and Nifty 50 gained over 2% in the opening trade.

The BSE Sensex jumped 1,516.08 points, or 2.09%, to open at 74,212.47, while the Nifty 50 opened 365.80 points, or 1.62%, higher at 22,878.45. Bank Nifty index opened at 52,384.80, up 947.05 points, or 1.84%.

On the global front, Asian markets traded higher, while the US stock market rallied overnight, after the US postponed strikes against Iranian power plants.

The rally in global markets came after the US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz. He said that the US will hold off striking Iranian power plants for five more days, and that US envoys have been holding talks with a “respected” Iranian leader, and Iran wants “to make a deal.” However, Iranian officials denied any such negotiations.

Gold and silver prices in India slipped on Tuesday, following weakness in international bullion prices.

MCX gold rate today for April futures contracts opened lower by ₹849, or 0.61%, at ₹1,38,411 per 10 grams as against its previous close of ₹1,39,260 level. Gold prices declined as much as ₹2,576, or 1.85%, to a low of ₹1,36,684 level.

MCX silver price today for May futures contracts opened lower by ₹6,539, or 2.90%, at ₹2,18,628 per kilogram, as against its previous close of ₹2,25,167 level. MCX silver prices hit a low of ₹2,15,414 level, slipping as much as by ₹9,753, or 4.33%.

In the global markets, gold prices fell more than 1%, extending their slide to a tenth straight session, pressured by a firm US dollar and fading hopes for near-term Federal Reserve interest rate cuts.

Spot gold price fell 1.4% to $4,345.48 per ounce, while US gold futures for April delivery fell 1.3% to $4,348.60. Spot silver prices declined 2.5% to $67.37 per ounce.

Crude oil prices rose on supply fears, as Iran denied it had held talks with the US to end the war in the Gulf. Brent futures rallied 2.03% to $101.97 a barrel, while US West Texas Intermediate (WTI) climbed 2.92% to $90.70.

Stay tuned to this segment for the latest news of the Indian stock market today.

Gold prices have eased significantly from their all-time high levels. They have not only erased all the gains amassed in the ongoing calendar year, but also entered the bear territory. However, this cooling off in prices could set the stage for gold to cross above the $11,000 mark, predicts Peter Schiff, Chief Economist & Global Strategist at Europac.

His optimism stems from the trend last seen during the 2008 global financial crisis (GFC), when the bullion, like this time, melted and acted against its nature of safe-haven edge amid geopolitical and macroeconomic crisis.

Blue Cloud Softech Solutions share price rose by 6.5% on Tuesday, March 24, after announcing it received a purchase order from Central Electronics Limited (CEL), a Government of India enterprise, for the implementation of its Access Genie AI platform within the Telangana Arogyasree healthcare system.

Central bank demand for gold is expected to remain strong in 2026, driven by rising geopolitical risks and diversification away from the US dollar, according to the World Gold Council. Recent buyers include Guatemala, Indonesia, and Malaysia, with some banks entering the market after long gaps. Gold prices reached a record near $5,600 in January, while central banks accounted for about 17% of total demand in 2025. The WGC forecasts purchases at 850 metric tons in 2026, slightly lower than 863 tons last year, as elevated prices may limit fresh buying despite continued strategic interest.

The primary market is witnessing a busy week with multiple IPOs opening simultaneously, including Amir Chand Jagdish Kumar (Exports) Ltd, Powerica Ltd, and Sai Parenteral’s Ltd, along with the ongoing Central Mine Planning and Design Institute Ltd (CMPDI) issue.

Amir Chand IPO opens on March 24 and will close on March 27, reflecting moderate investor interest amid muted grey market signals. Sai Parenteral’s IPO, also open during the same period, is a pharma offering with a price band of ₹372 – ₹392 per share. Powerica IPO has also opened for subscription with limited grey market traction.

Meanwhile, CMPDI IPO, which opened on March 20 and closes on March 24, has seen steady interest, supported by its strong parentage and sector positioning.

Market valuations declined further in February 2026, continuing the easing trend seen since end-CY25. Nifty 50 moderated to 19.5x while Midcap and Smallcap multiples also moved lower, indicating sustained compression across broader markets. Sectorally, the decline remained pronounced in IT and FMCG. The impact of recent market volatility is more visible in the current multiples with the Nifty 50 at 18x and sharper reductions across Midcaps, Smallcaps, Auto, IT, Metals and Real Estate, indicating further adjustment in market pricing into March, said JM Financial.

India’s private sector expanded at its weakest pace in over three years in March. HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, slumped to 56.5 this month, well below the median forecast of 59.0 in a Reuters poll which had expected little change from February’s final reading of 58.9. Manufacturing PMI slid to a 4-1/2-year low of 53.8 from 56.9. The services industry also lost ground with the PMI easing to 57.2 from 58.1.

Gold and silver prices in India slipped on Tuesday, following weakness in international bullion prices.

MCX gold rate today for April futures contracts opened lower by ₹849, or 0.61%, at ₹1,38,411 per 10 grams as against its previous close of ₹1,39,260 level. Gold prices declined as much as ₹2,576, or 1.85%, to a low of ₹1,36,684 level.

MCX silver price today for May futures contracts opened lower by ₹6,539, or 2.90%, at ₹2,18,628 per kilogram, as against its previous close of ₹2,25,167 level. Silver prices hit a low of ₹2,15,414 level, slipping as much as by ₹9,753, or 4.33%.

Suzlon Energy share price rallied over 3% after the company announced its sixth wind energy project of nearly 100 MW from Gas Authority of India Ltd (GAIL Ltd). The fourth PSU order of FY26 (after NTPC, BPCL and AMC), Suzlon will install 47 state-of-the-art S120 wind turbine generators and will support the decarbonization of GAIL’s upcoming petrochemical plant in Maharashtra.

Suzlon share price was trading 0.65% higher at ₹40.20 apiece on the BSE, with a market capitalisation of ₹55,132.83 crore.

GSP Crop Science shares were listed at ₹332.30 apiece on the BSE, a premium of 3.84% to the issue price of ₹320 per share. On NSE, the stock was listed with a premium of 2.5% at ₹328 per.

Urban Company share price jumped 3% after Motilal Oswal Financial Services initiated coverage on the stock with a ‘Neutral’ rating, and Urban Company share price target of ₹125 per share, implying an upside potential of 14% from its Monday’s closing price.

The brokerage firm believes InstaHelp is at an early stage of its business and remains an optionality; hence, it values it at 1.5x FY28 EV/NTV (per-share value of ₹10). Adjusted for cash, MOFSL arrives at an SoTP-based price of ₹125.

“Despite strong structural tailwinds and category leadership, we see a balanced risk-reward at current valuations given gradual habit formation, penetration, potential competitive risks, and investment-led margin trade-offs; hence, we initiate coverage with a NEUTRAL rating,” MOFSL said.

Market appears to be factoring in an end to the war as reflected in the August US oil futures trading at $80. However, in the near-term there will be excessive volatility in response to news regarding the war and events on the war front. A major drag on the market now is the huge selling by FIIs despite the sharp correction in the market. The continuing weakness in the rupee is the main factor behind this sustained selling by FIIs. Therefore, if some sort of stability is to emerge in the market, rupee should stabilize first. IT and pharmaceutical segments are likely to remain resilient assisted by rupee depreciation, said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

G R Infraprojects share price jumped over 8% in early trade after the company announced the receipt of an order worth ₹2,440.87 crore from NHAI for the construction of a greenfield section of NH-33 in Bihar.

SEPC share price jumped over 7% after the company’s board approved the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, for ₹1,530 crore. The acquisition will enable SEPC to expand into the global oil and gas sector.

Gold and silver prices continued their downward trend on Tuesday. MCX gold rate today were trading lower by ₹1,580, or 1.13%, at ₹1,37,680 per 10 grams. MCX silver price was down by ₹7,143, or 3.17%, at ₹2,18,024 per kg.

Shriram Finance, Eternal, Eicher Motors, InterGlobe Aviation and Asian Paints were the top gainers on the Nifty 50 index, while Coal India and Power Corporation of India were the online index losers.

Barring PowerGrid Corporation of India, all other constituents of BSE Sensex were trading higher.

HDFC Bank share price jumped over 3% in the opening trade on Tuesday, breaking its four-day losing streak. HDFC Bank shares rallied as much as 3.22% to ₹767.75 apiece on the BSE, after the bank’s board of directors approved the appointment of external law firms (domestic and international), to conduct review regarding Atanu Chakraborty’s resignation letter.

All the sectoral indices were trading in the green, with the Nifty Auto, Nifty PSU Bank, Nifty FMCG, Nifty Metal, Nifty IT and Nifty Pharma leading the gains.

Broader markets supported the rally in the Indian stock market today. The Nifty Smallcap 100 index and the Nifty Midcap 100 index gained over 2% each.

The Indian stock market opened with strong gains on Tuesday, following a rally in global markets, as signs of de-escalating US-Iran war improved sentiment. The BSE Sensex jumped 1,516.08 points, or 2.09%, to open at 74,212.47, while the Nifty 50 opened 365.80 points, or 1.62%, higher at 22,878.45. Bank Nifty index opened at 52,384.80, up 947.05 points, or 1.84%.

The Indian rupee opened 0.36% higher at 93.6375 per US dollar against its previous close of 93.9750

Experts recommend five stocks to buy for short-term, including Reliance, SBI, and Power Grid, as the Indian market shows signs of recovery. With positive technical setups and disciplined risk management, traders can potentially capitalize on these recommendations over the next one to two weeks.

Bitcoin prices are holding firmly around the $70,000 level despite heightened volatility driven by the US–Iran war developments, signaling underlying strength in the market. The recent price spike on optimism around potential talks highlights how quickly sentiment can shift to the upside, with buyers stepping in aggressively on positive triggers.

Even as broader risk-off conditions have led to short-term pullbacks, Bitcoin price has continued to defend key support levels, indicating that selling pressure is being effectively absorbed. This resilience suggests that the current phase is more of a healthy consolidation rather than a sign of weakness.

From a technical standpoint, as long as Bitcoin prices sustain above the $70,000 zone, the structure points toward a potential breakout, with a move toward the $76,000 level likely in the coming days or over the next week. Importantly, ongoing accumulation by large players is providing a strong demand base, helping stabilize prices during dips and reinforcing confidence in the broader trend, said Avinash Shekhar, Co-Founder & CEO, Pi42.

The dollar nursed steep losses against major currencies. The dollar index, which measures the US currency against a basket of peers, rose nearly 0.2% to 99.35 after dipping to near a two-week low on Monday. Sterling eased 0.5% to $1.33925, while the euro was down 0.2% at $1.1593. The yen was steady at 158.61 a dollar

Here are top stocks to watch today on 24 March 2026:HDFC Bank

Coal India

InterGlobe Aviation

Indian Railway Finance Corporation (IRFC)

GR Infraprojects

Wipro

NBCC (India)

Sula Vineyards

SEPC

Balkrishna Industries

Sensex has broken below the crucial 74,000 – 73,500 support zone, indicating a shift towards short-term bearish momentum.

“Immediate support for Sensex is now placed near the 72,000 – 72,200 zone, which may act as a demand area in the near term. On the upside, resistance is seen around the 73,000 – 73,200 range, and any pullback towards this zone may face selling pressure unless strong recovery is observed,” said Aakash Shah, technical research analyst at Choice Equity Broking.

Overall, the market sentiment has turned cautious to negative in the near term, and volatility is expected to remain elevated in upcoming sessions, he added.

The market setup suggests a pullback or relief rally after a sharp correction, but the broader trend remains cautious due to global headwinds. Traders are advised to adopt a sell-on-rise or stock-specific approach, focusing on risk management. Key sectors to watch include banking, oil-sensitive stocks, and defensives, while volatility-driven moves may dominate the session ahead, said Aakash Shah, Technical Research Analyst at Choice Broking.

Chandan Taparia has recommended one stock to buy today, March 25, and two stocks to sell. Taparia recommends buying Tech Mahindra shares today. On the other hand, he recommends selling SRF and Hindustan Aeronautics Ltd (HAL) stock futures.

Sumeet Bagadia recommends five shares to buy on Tuesday, March 24: Gujarat Mineral Development Corporation Limited, Sun Tv Network Ltd, Gujarat Fluorochemicals, Premier Energies, and Tech Mahindra.

The board of markets regulator Sebi approved a wide-ranging proposal, including easing fund settlement norms for foreign portfolio investors (FPIs), and changes to regulatory frameworks for market intermediaries. The Sebi board also approved several recommendations of the high-level committee on “conflict of interest” and disclosures concerning Sebi officials.

Bank Nifty index ended 1,989.30 points, or 3.72%, lower at 51,437.75 on Monday, forming a large bearish candle, indicating strong selling pressure. Bank Nifty has slumped nearly 17% from its all-time high in just 33 trading sessions.

“Technically, the set-up remains weak, with all key indicators pointing towards sustained bearish momentum. Looking ahead, the 51,900 – 52,000 zone will act as an immediate resistance. As long as the Bank Nifty index stays below 52,000, the downside risk is likely to persist, with the index expected to test 50,700, followed by the psychological 50,000 level in the short term,” said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Nifty 50 needs to reclaim and sustain above the 23,500 zone, which remains a critical resistance band and a key hurdle for trend reversal. A sustained move above this level can open further upside towards 23,800 – 24,000 levels. On the downside, the 22,500 – 22,400 zone continues to act as a strong support base. Any pullback towards this region is likely to attract buying interest, said Ponmudi R, CEO of Enrich Money.

Overall, the short-term outlook has turned positive, indicating the potential for a relief rally. However, the broader structure remains cautious, and confirmation of strength will require sustained price action above key resistance levels, he added.

Crude oil prices rose on supply fears, as Iran denied it had held talks with the US to end the war in the Gulf. Brent futures rallied 2.03% to $101.97 a barrel, while US West Texas Intermediate (WTI) climbed 2.92% to $90.70.

Gold prices fell more than 1%, extending their slide to a tenth straight session, pressured by a firm US dollar and fading hopes for near-term Federal Reserve interest rate cuts. Spot gold price fell 1.4% to $4,345.48 per ounce, while US gold futures for April delivery fell 1.3% to $4,348.60. Spot silver prices declined 2.5% to $67.37 per ounce.

In the latest development in the US-Iran war, US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz, and said that the US will hold off striking Iranian power plants for five more days. Trump said US envoys have been holding talks with a “respected” Iranian leader, and Iran wants “to make a deal.”

However, Iranian officials denied any such negotiations.

US stock market ended higher on Monday after President Donald Trump said he had ordered the military to postpone strikes against Iranian power plants following “productive conversations” with Tehran.

The Dow Jones Industrial Average rallied 631.00 points, or 1.38%, to 46,208.47, while the S&P 500 gained 74.52 points, or 1.15%, to 6,581.00. The Nasdaq Composite closed 299.15 points, or 1.38%, higher at 21,946.76.

Asian markets traded higher on Tuesday, following signs of de-escalation in the US-Iran war. Japan’s Nikkei 225 gained 2.2%, while the Topix rose 2.47%. South Korea’s Kospi jumped 3.5%, while the Kosdaq rallied 3.29%. Hong Kong Hang Seng index futures indicated a higher opening.

Nifty 50 index formed a sizable bearish candle with a lower high and a lower low and a bearish gap above its head, signaling continuation of the downward bias for the fifth consecutive week. Bank Nifty index formed a large bearish candle, indicating strong selling pressure. Bank Nifty has slumped nearly 17% from its all-time high in just 33 trading sessions.

The trends on Gift Nifty also signal a gap-up start for the benchmark indices, Sensex and Nifty 50. Gift Nifty was trading around 22,872 level, a premium of nearly 357 points from the Nifty futures’ previous close.

The Indian stock market is expected to open higher on Tuesday, following a rally in global markets amid signs of de-escalation in the US-Iran war. The trends on Gift Nifty also signal a gap-up start for the benchmark indices, Sensex and Nifty 50.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories