Indian stock markets are likely to bounce back on Tuesday, as US President Donald Trump said the war will be over soon in Iran. Gift Nifty at 24,360 signals that the Nifty is likely to open with a gap-up of over 300 points. Global stocks also bounced back, led by battered Korean stocks, while crude oil prices softened sharply.
Satish Kumar, MD and Head – InCred Research Services, said, “Market corrections are a part of the cycle. At this stage, we don’t see significant downside risk left in equities, if clarity emerges. Oil at around $115 per barrel is unlikely to sustain for long, and once prices stabilize, markets should find their footing again,” he said.
“Much of the geopolitical premium is already being priced into commodities and risk assets. If the war does not escalate for extended periods, investors are likely to shift focus back to fundamentals and earnings growth,” he further added.
Maulik Patel, Head of Research – Equirus Securities, said: “We believe crude oil markets have entered a geopolitical risk-premium phase, with prices increasingly driven by supply security concerns rather than underlying demand fundamentals. The ongoing US-Israel-Iran conflict and disruption around the Strait of Hormuz has materially tightened the near-term supply outlook and pushed crude above $100/bbl for the first time since 2022. longer and limited volume passes through Strait of Hormuz then oil price can reach very high level than its current level and only demand reduction can bring some kind of relief to the oil price.”
Derivative markets also present a cautious mood.
Hitesh Tailor, Research Analyst – Research at Choice Equity Broking Private Limited, said the India VIX surged by 17.52 per cent to 23.36, signaling a sharp increase in market volatility and growing uncertainty among investors. “In the derivatives market, significant put writing at the 23,800 strike and aggressive call writing at the 24,400 strike indicate that the market currently has a well-defined trading range. Traders are therefore advised to remain cautious near key support levels and avoid initiating fresh directional trades until a decisive breakout above the resistance zone confirms a clearer trend direction,” he added.
Published on March 10, 2026