Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, snapped a two-day losing streak as risk sentiment improved after US President Donald Trump signalled the war with Iran may end soon.
At the closing bell, the BSE Sensex closed higher by 640 points (up 0.8%)
Meanwhile, the NSE Nifty closed 233 points higher (up 0.9%)
M&M, Maruti Suzuki, and Tata Steel are among the top gainers today.
Infosys, Reliance Industries, and Bharti Airtel, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,365, higher by 349 points at the time of writing.
The Nifty Midcap 100 index is trading 1.6% higher, and the Nifty Smallcap 250 index is trading 2.1% higher.
Sectoral indices are trading mixed today, with stocks in the IT sector and oil & gas sector witnessing selling pressure. Meanwhile, stocks in the services sector and the auto sector witnessed selling pressure.
The rupee is trading at Rs 91.8 against the US$.
Gold prices for the latest contract on MCX are trading 0.9% higher at Rs 161,888 per gram.
Meanwhile, silver prices were trading 3.3% higher at 2,76,050 per 1 kg.
Four reasons why Indian share markets are rising:
#1 Trump Signals Possible End to Iran Conflict
Global market sentiment improved after Donald Trump suggested that the conflict involving Iran could end soon. His statement eased concerns about disruptions in global oil supply and reduced fears of a prolonged geopolitical crisis. He also warned that Iran would face serious consequences if it tried to block oil shipments through the Strait of Hormuz, a key global oil route.
#2 Volatility Eases
Market volatility cooled down as investor confidence improved. The India VIX, which measures expected market volatility, dropped by nearly 12%. A fall in this index usually signals that traders expect more stable market conditions in the near term.
#3 Top Gainers and Sectoral Trends
Among the top performers in the Nifty 50 were InterGlobe Aviation, Shriram Finance, and Asian Paints. Broader markets also saw strong buying interest, with midcap and smallcap stocks gaining over 1%. This indicated that the rally was spread across multiple segments of the market.
#4 Global Cues: US And Asian Markets Rally
Global markets also supported the positive momentum. In the US, the Dow Jones Industrial Average jumped about 1,150 points while the Nasdaq Composite surged nearly 700 points. The rally was driven by easing geopolitical tensions, falling crude oil prices, and reduced concerns about inflation.
Minda Corp stock jumps on UK partnership
Shares of Minda Corporation came into focus after its subsidiary signed a joint venture (JV) agreement with Turntide Drives Ltd. to develop and manufacture advanced motor controllers and customised controllers for the EV segment.
The companies will work together to design and produce next-generation motor controllers, axial flux motors, thermal pumps, and other customised controllers, mainly for the Indian EV market. The joint venture will operate through a newly formed company in India, according to the exchange filing.
Under the proposed structure, Spark Minda Green Mobility Systems will hold a 49% stake in the venture, while Turntide Drives will own the remaining 51%.
Minda Corp said the partnership will help strengthen its presence in the fast-growing electric vehicle technology sector.
ACME Subsidiary Begins Gujarat Wind Power Operations
ACME Solar Holdings Limited informed that its subsidiary ACME Eco Clean Energy Private Limited has received a commissioning certificate for part of its wind power project in Gujarat.
The certificate was issued on March 9, 2026, by the Gujarat Energy Development Agency (GEDA). It confirms the commissioning of 4 MW capacity from the company's planned 100 MW wind power project.
The project is located at Garambhadi village in Sayla taluka of Surendranagar district. This development marks the initial operational phase of the larger wind energy project.
The company had earlier informed exchanges about the project on February 7, 2026. With this certification, a portion of the project has now officially begun operations.
The remaining capacity of the 100 MW wind project is expected to be commissioned in phases as development progresses.
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