Markets Daily India

India Stock Traders Eye Rebound as Trump Delays Energy Strikes on Iran

Nifty 50 slid to its lowest since early April on Monday.

Indian banknotes.Photographer: Dhiraj Singh/Bloomberg

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By Pratigya Vajpayee and Ashutosh Joshi

March 24, 2026 at 2:46 AM UTC

This article is for subscribers only.

Good morning...

I’m Ashutosh Joshi in Mumbai, bringing your daily dose of market news and analysis.

Indian equities look set to bounce back from their lowest close in about 11 months after US President Donald Trump postponed strikes against Iran’s energy infrastructure and pointed to new talks with Tehran. That said, early moves in Asia show investors seem wary of treating this as a turning point, especially with Iran disputing any progress. The initial reaction to Trump’s moves — Asian stocks up, oil down — has already lost momentum after a report that US allies in the Persian Gulf are inching toward joining the fight against Iran, signaling that markets remain extremely vulnerable to any new developments. Indian stocks, and the rupee, may struggle to show a sustained rebound in the absence of clearer signs of de-escalation.