The Indian stock market roared back to life today, March 10, with both the BSE Sensex and NSE Nifty 50 snapping a brutal two-day losing streak. Driven by a wave of relief over easing geopolitical tensions and a significant plunge in global crude oil prices, Dalal Street witnessed massive buying across broader markets. In a single session, investors saw a staggering wealth creation of over ₹6 lakh crore as volatility finally cooled down. From surging auto and banking stocks to a surprise breakout in the fertilizer sector, here are the top highlights and corporate updates you need to know from today’s market action.

Market Closing & Headline Stats

• Sensex Snaps Losing Streak: The BSE Sensex closed 639.82 points (0.82%) higher at 78,205.98, snapping a severe two-day losing streak.
• Nifty 50 Climbs: The broader NSE Nifty 50 rose 233.55 points (0.97%) to settle at 24,261.60.
• Massive Wealth Creation: Investors gained over ₹6 lakh crore in a single session, pushing the total market capitalization of BSE-listed firms to over ₹447 lakh crore.
• Volatility Cools Down: The Indian "fear gauge," India VIX, dropped sharply by 19% to close below the 19 mark as panic selling subsided.
• Broader Markets Outperform: The rally was well-supported by broader markets, with the Nifty MidCap index rising 1.62% and the Nifty SmallCap index surging 2.12%.

Macroeconomic & Global Drivers

• Relief on the Geopolitical Front: The primary catalyst for today's rally was US President Donald Trump signaling that the military conflict involving the US, Israel, and Iran may be resolved "very soon."
• Crude Oil Plunges: Global crude oil prices retreated significantly. Brent crude fell roughly 9-10% to the $88–$90 per barrel range after briefly threatening the $120 mark yesterday, heavily easing India's "imported inflation" fears.
• Rupee Rebounds: After hitting an all-time low of 92.35 on Monday, the Indian Rupee recovered and closed around 53 paise higher at 91.80 against the US dollar.
• Asian Markets Rally: Indian equities tracked global peers, with South Korea’s Kospi surging over 5% and Japan’s Nikkei climbing 2.88% on the back of easing tensions.
• US Bond Yields Drop: The US 10-year bond yield eased near the 4% mark (down from 4.2%), signaling an improved global risk appetite.

Sectors & Institutional Action

• Auto & Banking Lead the Pack: Nifty Auto was the top-performing sectoral index, jumping over 3%. Bank Nifty also saw heavy buying, surging by over 900 points.
• IT Sector Underperforms: While most sectors flashed green, the Nifty IT index was the worst-hit and the only major sectoral index to end in the red on the NSE.
• Fertilizer Stocks Explode: Fertilizer stocks rallied up to 19% (with FACT gaining 19% and RCF up 12.5%) following the government's Natural Gas Regulation Order 2026 and hopes of stabilized energy supplies.
• Institutional Support: Domestic Institutional Investors (DIIs) showed immense conviction by buying shares worth ₹9,013 crore on Monday, heavily padding the market against the ₹6,345 crore sell-off by Foreign Institutional Investors (FIIs).
• Mutual Fund Inflows: The AMFI released February data showing that net inflows into equity mutual funds rose 8% month-on-month to ₹25,977 crore, though SIP inflows saw a marginal drop to ₹29,845 crore.

Top Stocks & Corporate News

• Top Gainers: Mahindra & Mahindra (M&M), InterGlobe Aviation (IndiGo), Maruti Suzuki, ICICI Bank, Asian Paints, and UltraTech Cement were the major winners in the Sensex pack today.
• Top Losers: Infosys, Reliance Industries (RIL), Bharti Airtel, and Zomato's parent company (Eternal) were among the major laggards.
• Devyani International Expansion: The quick-service restaurant operator announced the acquisition of an additional 11.4% stake in Sky Gate Hospitality for roughly ₹57.5 crore, making it a full subsidiary.
• Mahanagar Gas (MGL) Diversifies: MGL announced plans to acquire a 26% stake in FPEL Reliant for ₹3.89 crore, moving toward cleaner and decentralized energy infrastructure.
• SBI to Tap Bond Market: The State Bank of India is reportedly planning to tap the infrastructure bond market after a 16-month gap, aiming to raise up to ₹10,000 crore via 7-year or 10-year bonds.