Sensex, Nifty Rebound Sharply Amid Easing Iran Tensions

Mumbai: India’s benchmark indices staged a sharp rebound at the opening bell on Wednesday, tracking a relief rally in global equities amid easing geopolitical tensions. The BSE Sensex opened at 73,630. 84, surging 1,683. 29 points or 2.

34% at 9:17 am, compared to its previous close of 71,947. 55 on Monday. Similarly, the NSE Nifty 50 began the session at 22,823. 05, up 491. 65 points or 2. 20%, after ending Monday at 22,331. 40. In the currency market, the Indian Rupee opened weaker at 96.

71 against the US dollar, compared to its previous close of 93. 57. Meanwhile, crude oil prices remained relatively stable, with Brent crude at USD 105. 65 and WTI crude at USD 107. 17, slightly below Monday’s close of USD 107. 39.

Global cues remained supportive, with Asian markets rallying on hopes of a diplomatic “offramp” in the ongoing Iran conflict. Equities across Japan, South Korea, and Australia advanced, lifting the broader MSCI Asia Pacific Index by 1,6%.

Investor sentiment improved after indications that geopolitical tensions could ease, potentially restoring stability to energy and equity markets after weeks of volatility.

Ajay Bagga, market and banking expert, highlighted the shift in sentiment, stating that a “Trump Peace” narrative has sparked a relief rally across global risk assets after a turbulent March.

He added that a potential de-escalation timeline has been pivotal, noting that US operations in Iran could conclude within 2–3 weeks if a negotiated settlement is reached.

Bagga also pointed to signals from Iran, suggesting that Tehran’s willingness to consider a truce marks a strong indication that both sides are seeking to end hostilities.