Snapping two-day losing streak, Indian equity benchmarks staged a sharp recovery and ended nearly a per cent higher on Tuesday, following a drop in crude oil prices and recovery in global peers amid hopes that the conflict in West Asia could end soon.  

Some of the important factors in trade:  

FTAs provide Indian MSMEs opportunities to access major developed markets: Union Minister Jitin Prasada has said that recent Free Trade Agreements (FTAs) with regions including the European Union, the United Kingdom, Australia, New Zealand and other major markets give Micro, Small and Medium Enterprises (MSMEs) access to major developed markets.  

RBI pumps Rs 50,000 crore into banking system through OMO Purchases: The Reserve Bank of India (RBI) has injected Rs 50,000 crore into the banking system by purchasing government securities through Open Market Operations (OMO). Under this, the central bank purchased several bonds with different maturity periods. 

Rupee rebounds against US Dollar: Indian rupee recovered from its record low against the US dollar and settled higher, aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia. 

Fertiliser stocks remain in watch: The Fertiliser Association of India (FAI) has assured that there are adequate stockpiles of fertiliser in the country to meet the demands of the upcoming kharif season. The country’s total fertiliser reserves stood at 177.31 lakh tonnes as of March 6, 2026, up 36.5% from 129.85 lakh tonnes a year earlier.  

Global front: European markets were trading higher, while Asian markets settled higher as concerns over the U.S.-Iran conflict eased following comments by U.S. President Donald Trump that the war was ‘very complete’. 

Finally, the BSE Sensex rose 639.82 points or 0.82% to 78,205.98 and the CNX Nifty was up by 233.55 points or 0.97% to 24,261.60.           

The BSE Sensex touched high and low of 78,526.25 and 77,745.47 respectively. There were 24 stocks advancing against 6 stocks declining on the index. 

The top gaining sectoral indices on the BSE were Auto up by 2.93%, Consumer Durables up by 2.60%, Consumer Disc up by 2.07%, Basic Materials up by 1.74% and Bankex up by 1.73%, while TECK down by 0.54%, IT down by 0.25%, Oil & Gas down by 0.21% and Energy down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 3.67%, Interglobe Aviation up by 3.46%, Maruti Suzuki up by 2.94%, ICICI Bank up by 2.73% and Asian Paints up by 2.70%. On the flip side, Eternal down by 1.50%, Infosys down by 1.43%, Reliance Industries down by 1.08%, Bharti Airtel down by 0.86% and TCS down by 0.57% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India’s Free Trade Agreements (FTAs) are creating new opportunities for the pharmaceutical, healthcare and medical technology sectors, while enabling the country to strengthen its position in global trade. He said in the recent years, India has finalised FTAs with the UK, Mauritius, Australia, the US, European Union, four-nation bloc EFTA, Oman, the UAE and New Zealand. He noted that while the pacts with Mauritius, Australia, the UAE and EFTA are implemented, the remaining are likely to come into force soon. As a result, nearly two-thirds of global trade is now open to India.  

He said that these agreements provide India with preferential access compared to many other countries, with lower duties and expanded market opportunities, thereby opening new avenues to enhance trade. He said the scale of India’s trade with the world in the pharmaceutical and healthcare sectors is now greater than ever before. He suggested the industry to focus on taking greater advantage of these pacts and developing a strong healthcare ecosystem. He said ‘we need to develop a comprehensive, holistic and integrated healthcare system’. He added that FTA negotiations with the Gulf Cooperation Council and Eurasia are progressing well.  

Highlighting the importance of digital health and emerging technologies, he said that Artificial Intelligence and digital health integration are receiving increasing global attention. He said that Artificial Intelligence should not be viewed with apprehension but should instead be adopted as an enabling technology. He noted that India possesses the talent to develop advanced applied technologies and AI-driven solutions. These technologies can be used to promote telemedicine and improve diagnostics, helping to deliver better healthcare services to India’s population of 1.4 billion people.

CNX Nifty touched high and low of 24,303.80 and 24,079.95 respectively. There were 41 stocks advancing against 9 stocks declining on the index.   

The top gainers on Nifty were Shriram Finance up by 8.05%, Eicher Motors up by 3.84%, Tata Motors Passenger up by 3.73%, Interglobe Aviation up by 3.46% and Mahindra & Mahindra up by 3.40%. On the flip side, Infosys down by 1.41%, Eternal down by 1.25%, Reliance Industries down by 0.92%, Bharti Airtel down by 0.59% and TCS down by 0.40% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 172.49 points or 1.68% to 10,422.01, France’s CAC rose 160.54 points or 2.03% to 8,075.90 and Germany’s DAX gained 573.63 points or 2.45% to 23,983.00.

Asian markets settled higher on Tuesday tracking Wall Street’s gains overnight after US President Donald Trump's assertions that the ongoing conflict with Iran was ‘very complete’ and could end ‘very soon’. Market sentiment was further bolstered by reports that the US might soften sanctions on other energy-producing nations to stabilize the global market. Japanese shares rallied as global markets reacted to reports that G7 economies, including Japan, are preparing a coordinated release of strategic oil reserves to stabilize energy prices. Besides, revised data from the Cabinet Office of Japan showed that the Japanese economy experienced a stronger-than-expected recovery in the fourth quarter of 2025, with Q4 GDP revised upward to an annualized 1.3% expansion. This is a significant increase from the initial estimate of a 0.2% expansion. Chinese shares rose after data showed Chinese exports surged 21.8% year-on-year in the combined January-February period, totalling $656.58 billion. This growth far exceeded the 7.1% median forecast and marked the fastest expansion in outbound shipments since October 2021. Kospi shares surged after South Korean President Lee Jae Myung directed the swift execution of a 100 trillion won ($66.9 billion) market stabilization program to curb extreme volatility.