Sensex Surges 1,400 Pts, Nifty Above 22,900 on US-Iran Ceasefire Hopes
MMoneycontrol•24-03-2026, 14:24
Sensex Surges 1,400 Pts, Nifty Above 22,900 on US-Iran Ceasefire Hopes
- •Indian benchmark indices Sensex and Nifty rebounded over 2% on Tuesday, driven by a report of potential US-Iran negotiations.
- •Mojtaba Khamenei reportedly agreed to negotiate with the US, though Iran has not officially confirmed this.
- •Global markets also gained after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure.
- •All 16 major sectoral indices traded in the green, with Nifty smallcap100 and Nifty midcap100 also rising.
- •Key factors include easing geopolitical concerns, value buying, firm global cues, and a decline in India VIX.