Market Report- Markets open strong. Rupee depreciates

The Indian stock market is seeing a relief rally on March 20, 2026, following a brutal session on March 19, 2026. The rise in IT and PSU bank stocks supported the indices. The ongoing Iran-Israel-US conflict has kept crude oil prices elevated (Brent near $106-$108), widening India's trade deficit. At 9.26 am, Sensex rose by 1.10% or 830 points to 75,039. The Nifty gained 1.14% or 262 points to 23,261.

Indian IT giants like TCS, Infosys, and HCL Tech will be in focus today following Accenture’s Fiscal Q2 2026 results.

Rupee Check-

• Rupee opened at a record low of 92.89/$ Vs. March 18 close of 92.63/$.

Global News-

• Asia-Pacific markets traded mixed as investors continued to assess developments in the Middle East war and their disruptions to energy supply.
• European stocks closed lower as Iran war intensifies; miners lead losses.