Market Soars: Sensex Gains 100 Points, Nifty Crosses 24250; Indigo Shares Lead Charge
The Indian stock market saw a strong recovery on March 10, ending a two-day decline. The Nifty index stayed above the 24,250 mark. Experts suggest the market might now enter a period of stability. They expect it to form a support base between 23,700 and 24,500.
Market Opens Higher on March 11, 2026
The Indian stock market began trading with gains on Wednesday, March 11, 2026. By 9:23 AM, the Nifty had risen 28 points to 24,290.05. The Sensex also climbed 25 points to 78,231.23.
This positive start followed a significant drop in Brent crude oil prices. Crude oil fell by over 25%, from around $115 to below $90 per barrel. Global markets rallied between 2% and 7%. This was driven by hopes of reduced global tension after former President Donald Trump suggested the conflict with Iran would end soon.
Current indications from Gift Nifty suggest the market may open flat today. We will provide live updates throughout the day.
Indigo Shares Surge on Leadership Change
Shares of the airline Indigo experienced a notable increase. Around 9:25 AM, Indigo shares were trading 1.68% higher at Rs 4,454.00. This movement comes after the company announced that its Chief Executive Officer, Peter Elbers, resigned on March 10. The airline’s board accepted his resignation, and he was relieved of his duties immediately.
Focus on Indigo’s Stock
All eyes are on Indigo’s stock performance today. On Tuesday, shares of InterGlobe Aviation Limited, the parent company of Indigo, closed 3.46% higher at Rs 4,383.50 on the NSE.
Reliance Industries to Build Major US Oil Refinery
Mukesh Ambani’s Reliance Industries will be a partner in building the first new oil refinery in the United States in 50 years. This massive $300 billion project is planned for the Port of Brownsville in Texas.
Former President Donald Trump announced the project on his social media platform, Truth Social. He described it as “the largest in U.S. history” and a significant boost for American energy production. The refinery will be developed by America First Refining, with investment support from Reliance Industries, India’s largest private sector company. Trump thanked Reliance for this “tremendous investment.”
Other Market Movers
HG Infra Engineering Secures New Order
HG Infra Engineering has received a significant order worth Rs 401.33 crore. The order comes from Anuppur Thermal Energy in Anuppur. It includes civil and P-way work for developing railway infrastructure for a 2×800 MW thermal power project.
Equity Fund Flows Increase, SIPs Decline
In February, investors continued to invest in stocks, leading to increased flows into equity mutual funds. This occurred despite market uncertainties. However, interest in gold and silver exchange-traded funds (ETFs) decreased compared to January. Gold ETFs still saw inflows, but silver ETFs experienced net redemptions.
Aluminium Stocks Jump on Supply Issues
Shares of aluminium producers saw a jump of up to 10% last week. This rise was due to a sharp increase in global aluminium prices. Supply disruptions from plant closures in Qatar and Bahrain, along with the closure of the Strait of Hormuz, caused the price surge. Prices on the London Metal Exchange rose 7.8% last week, bringing their total gain for 2026 to about 9%.
Stocks to Watch
Several stocks are expected to be in focus today due to recent news. These include Nazara Technologies, Indigo, Hindustan Zinc, NTPC Green, and RIL.
Asian Markets Rise
Asian shares opened about 0.8% higher. Positive sentiment around artificial intelligence stocks grew after Oracle Corporation’s shares jumped 8% in after-market trading due to better-than-expected revenue.
The Indian stock market’s rally on Tuesday, with the Sensex rising over 600 points and the Nifty closing above 24,250, was supported by former President Trump’s comments about the Iran conflict potentially ending soon. Lower oil prices also improved investor confidence after recent selling pressure.
