Stock markets jump nearly 2% as Donald Trump halts strikes on Iran’s energy infrastructure

Markets bounced back to over 1.5% after continued rout since the beginning of the Iran-US war, as investors were relieved at no major changes in the U.S.-Iran stand-off on Tuesday (March 24, 2026).

Nifty, and the BSE Sensex closed at 22,912.40 and 74,068.45 points respectively, up 1.78% and 1.89% from the previous session close. Despite being the best session of the weak, the Nifty has slipped 11.45% since February 24, 2026, when it closed at 25424.65 points. Markets have also become considerably cheaper in terms of Price to Earnings ratio — a metric to measure if the price of the stock justifies the earnings it gives–in the past month. Nifty 50 was trading at a P/E of about 21 for a long time and has now come down to 19.7 , according to data from Screenr, a stock screener. This is among the cheapest the Nifty 50 has traded in about five years.