In the barometer index, the S&P BSE Sensex jumped 567.99 points or 0.75% to 76,070.84. The Nifty 50 index rose 172.35 points or 0.74% to 23,581.15. In the two consecutive trading sessions, the Sensex and Nifty jumped 2.02% and 1.86%, respectively.

In the broader market, the BSE 150 MidCap Index added 1.08% and the BSE 250 SmallCap Index rose 0.43%. The market breadth was positive.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.39% to 19.79.

Among the sectoral indices, the Nifty Metal index (up 2.82%), the Nifty Auto index (up 2.11%) and the Nifty Realty index (up 1.80%) outperformed the Nifty 50 index.

Meanwhile, the Nifty IT index (down 0.97%), Nifty FMCG index (down 0.75%) and the Nifty Oil & Gas index (up 0.17%) underperformed the Nifty 50 index.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.13% to 6.715 compared with the previous session close of 6.706.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 92.4050 compared with its close of 92.2825 during the previous trading session.

MCX Gold futures for the 2 April 2026 settlement added 0.22% to Rs 156,200.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 99.52.

The United States 10-year bond yield rose 0.12% to 4.224.

In the commodities market, Brent crude for May 2026 settlement jumped $3.30 or 3.39% to $103.51 a barrel.

Global Markets:

European stocks were trading broadly higher on Tuesday despite oil prices rising above $100 per barrel on resurgent supply concerns.

Meanwhile, investor attention is turning to central bank action this week, with the U.S. Federal Reserve opening a two-day policy meeting on Tuesday.

The Fed has come under sustained pressure from Trump to lower interest rates, but the war on Iran means traders are forecasting a hold on interest rates from the central bank when it delivers its monetary policy decision on Wednesday.

Asian markets ended mixed as auto and tech stocks gained after Nvidia announced a robust revenue forecast for its key chips and partnerships with carmakers from the region.

The gains in the sectors were fueled by the latest comments from the Nvidia CEO. Jensen Huang said that he expects purchase orders between Blackwell and Vera Rubin chips to reach $1 trillion through 2027 at Nvidia's annual developer conference on Monday.

Shares of automakers Hyundai Motor, Nissan Motor, and Isuzu, as well as China's BYD and Geely, rose after Nvidia announced it was partnering with these companies for its autonomous vehicle development business.

Investors also assessed Iran war developments, with U.S. President Donald Trump looking to delay his meeting with Chinese President Xi Jinping by 'a month or so' due to the Middle East conflict. Trump was expected to travel to China at the end of March.

The Reserve Bank of Australia (RBA) on Tuesday raised its cash rate by 25 basis points to 4.10% in a narrowly split 5–4 decision, signalling heightened concern among policymakers that inflation could remain above target for longer than previously expected.

The central bank highlighted rising fuel costs—linked to the ongoing Middle East conflict—as a key upside risk to inflation, reinforcing expectations that monetary policy may need to stay restrictive in the near term.

Overnight in the U.S., stocks rose while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest developments of the Iran war.

The Dow Jones Industrial Average added 387.94 points, or 0.83%, closing at 46,946.41. The S&P 500 rose 1.01% to end at 6,699.38, and the Nasdaq Composite gained 1.22% and settled at 22,374.18.

Meta shares gained more than 2% on a report—which the company has called "speculative"—that it is planning to lay off more than 20% of its workforce.