March 24, New Delhi - Global markets are experiencing significant fluctuations due to evolving developments in the Middle East.
Oil prices also rebounded, with Brent crude rising to around $100 per barrel and US crude nearing $89.84, although volatility persists due to ongoing tensions and uncertainty regarding energy supplies.
Asian stocks rallied on Tuesday, with Japan's Nikkei rising by over 2% and Australian shares gaining 0.7%, as investors reacted to easing tensions following the US President's delay in taking action against Iran. This rally followed a volatile start to the week that had unsettled global markets.
In India, the markets opened strongly, with the Sensex trading positively. The benchmark index is currently up by 974.83 points, indicating stable momentum in the market.