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1) Iran-US ceasefire in sight?

2) Brief pause to oil's rally

3) Rupee opens higher

4) Positive global cues

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Stocks markets jumped on Tuesday, with Sensex and Nifty rising nearly 2% to recover more than half of the losses incurred during Monday’s massive crash. This came as US President Donald Trump's announcement of a brief pause in bombing Iran, along with other factors, boosted investors' sentiment.Sensex rose over 1,372 points to close at 74,068, while Nifty 50 gained nearly 400 points to end the session at 22,912. The sharp rally added nearly Rs 8 lakh crore to the total markets capitalisation of all companies listed on BSE, pulling it up to Rs 423 lakh crore.All 30 constituents of Sensex, except for Power Grid shares which fell over 1%, closed in the green. IndiGo, L&T, Eternal, Bajaj Finance, Asian Paints, UltraTech Cement, Tech Mahindra, Adani Ports, Kotak Mahindra Bank and HDFC Bank were among the top gainers, rising 3-5%.All sectoral indices on NSE ended the session in the green, with Nifty Media gaining over 3% to lead gains. Nifty Auto and Nifty Private Bank followed, rising more than 2% each. 2,483 stocks advanced on NSE, while 809 declines and 79 remained unchanged.Here are the 4 factors pushing markets higher today:In a post on Truth Social, Trump said that the US and Iran have had very good and productive conversations over the last two days regarding the “complete and total resolution” of the rising hostilities in the Middle East. He added that the talks will continue throughout the week, and the halt in military strikes is subject to the success of the ongoing meetings and discussions.“I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East. Based on the tenor and tone of these in depth, detailed, and constructive conversations, which will continue throughout the week, I have instructed the Department of War to postpone any military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of the ongoing meetings and discussions,” he said.However, Iran denied talks with the US, and a Wall Street Journal report claimed that Saudi Arabia and the UAE are inching towards joining the fight against Tehran. Additionally, some Iranian gas facilities were hit despite Trump’s announcement, keeping investors on the edge.After Trump’s announcement late on Monday, oil futures had plunged around 15% to drop below the $100 per barrel mark. However, as investors continued to evaluate Iran’s denial and other negative developments, oil prices shot back up. Brent crude futures were up nearly 2% at $102 per barrel on Tuesday afternoonThe sharp rally, which pushed oil prices above the key $100 per barrel level this month for the first time Russia’s invasion of Ukraine in 2022, began after US and Israel’s military strikes killed Iran’s former supreme leader Ayatollah Khamenei. Iran effectively shut the Strait of Hormuz, promising to attack any ship trying to pass through the critical waterway.While two tankers bound for India sailed through the Strait of Hormuz on Monday, the war continues to disrupt traffic through the waterway, which has halted shipments of about one-fifth of the world's oil and liquefied natural gas.After hitting fresh lifetime lows for the past consecutive sessions, the rupee regained strength against the US dollar on Tuesday. The Indian currency rose 0.1% to end the session ‌at 93.8650, from ⁠its close ⁠at 93.9750 in the previous session.The currency has weakened about 4% in 2026 so far. “Despite some positive signals on de-escalation, the currency remains under pressure amid sustained global uncertainty. The rupee is expected to trade in a weak range of 93.25–94.25, with downside bias likely to persist until clear progress in Iran peace talks emerges,” said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.Trump’s announcement brought much-needed relief to global markets, which have been strongly battered so far in March due to the hostilities in the oil-rich Middle East. South Korea’s Kospi and Hong Kong's Hang Seng gained around 3% each on Tuesday. Japan’s Nikkei meanwhile, was up around 1%. European markets however were almost flat.Wall Street also ended higher yesterday. The Dow Jones Industrial Average and Nasdaq Composite rose around 1.4% each, while S&P 500 gained 1.15%."The domestic market witnessed a relief rally following a temporary pause in attacks on Iran’s energy infrastructure, which could lead to further leeway in easing West Asia–related tensions. However, caution persists as investors await greater clarity on the developments around the Strait of Hormuz. The resulting supply chain issues are unlikely to have a lasting impact on markets and may be limited to a one- to two-quarter disruption in earnings,” said Vinod Nair, Head of Research at Geojit Investments.Meanwhile, domestic fundamentals remain strong, supported by monetary and fiscal measures that are expected to drive demand once external uncertainties ease, the analyst added.SBI Securities meanwhile said that Nifty opened on a positive note on its weekly expiry session, registering a gap-up start, supported by a sharp cool-off in Brent crude oil prices.” The index initially slipped to an intraday low of 22,624. Thereafter buying emerged at lower levels, which helped the index stage a steady recovery and move higher through the day. However, some profit booking was seen in the last hour of trade, leading to a minor pullback from higher levels. Despite this late-hour correction, Nifty managed to conclude the session at 22912 level, ending with a gain of 1.78%,” it said.From a price action perspective, the index has formed a small-bodied candlestick with shadows on both the upper and lower sides on the daily chart. This candle structure reflects uncertainty among market participants and highlights a phase of indecision after recent volatility, SBI Securities said. While the index has posted a strong single-day rise, the broader technical setup continues to suggest a cautious to bearish undertone in the short term, indicating that follow-through buying will be crucial for sustaining the upside, it added.“Going ahead, the zone of 23030–23060 will act as an immediate hurdle for the index. A sustained move above 23060 may extend the ongoing pullback rally towards the 23200 level in the short term. On the downside, the zone of 22750–22700 is placed as an important support area for the index,” the domestic brokerage said.