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24.03.202604:23:52UTC+00Indian Stocks Rebounds

India’s BSE Sensex climbed about 1.2% to 73,573 on Tuesday, rebounding from the previous session’s sharp losses and mirroring gains across Asian markets after Donald Trump postponed planned strikes on Iran’s power grid. Volatility may persist, as Trump pointed to “productive” talks with Iran while Tehran denied any negotiations, suggesting no clear diplomatic breakthrough.

On the macroeconomic front, investors are awaiting the release of India’s HSBC Composite PMI Flash, with March expectations at 58.7, slightly below February’s 58.9 but still comfortably in expansionary territory.

In corporate news, HDFC Bank is reviewing potential leadership changes; IndiGo has announced new appointments to its strategic leadership team; Coal India is planning stake sales in some subsidiaries; and Kotak Mahindra Bank is reportedly considering the acquisition of Deutsche Bank’s India retail business.

All major sectoral indices advanced, led by heavyweight financials. Early gainers included HDFC Bank (+1.6%), Larsen & Toubro (+2.5%), ICICI Bank (+1.6%), Eternal Limited (+3.5%), and NOCIL (+7.5%).

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