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

Indian stock markets rebounded sharply on March 16, 2026, after a three-day decline, with the BSE Sensex rising about 939 points to close near 75,503 and the NSE Nifty gaining over 257 points to settle above 23,400. Gains were driven by value buying in banking, metals, auto, and FMCG sectors, led by stocks like HDFC Bank, State Bank of India, UltraTech Cement, and Tata Steel. Despite the recovery, broader markets showed mixed performance amid ongoing geopolitical tensions in West Asia and elevated crude oil prices, which continue to influence market sentiment and volatility.