Sensex and Nifty Rebound After Three-Day Decline Amid Geopolitical Concerns

On March 16, 2026, India's equity benchmark indices Sensex and Nifty rebounded after a three-day decline, driven by value-buying in blue-chip stocks like HDFC Bank and State Bank of India. The Sensex rose 342.02 points to 74,899.76, and the Nifty gained 88.55 points to 23,240.95. Gains were seen in UltraTech Cement, Tata Steel, and ITC, while some IT and auto stocks lagged. Market sentiment remains sensitive to geopolitical tensions in West Asia and rising crude oil prices, with Foreign Institutional Investors selling equities and Domestic Institutional Investors buying on March 13.