Sensex and Nifty Rebound Sharply Amid Geopolitical Concerns and Value Buying

Indian stock markets rebounded sharply on March 16, 2026, after a three-day decline, with the Sensex rising nearly 940 points to close above 75,500 and the Nifty surpassing 23,400. Gains were led by banking, metals, and consumer sectors, while IT stocks lagged. Early losses gave way to value buying amid easing volatility and improved investor sentiment following reports of a potential coalition to secure shipping through the Strait of Hormuz. However, geopolitical tensions and rising crude oil prices continue to pose risks, with foreign institutional investors offloading equities and mid- and small-cap stocks under pressure.