Stock Market Today: The Indian stock market opened sharply higher on Tuesday, following a rally in global markets amid signs of de-escalation in the US-Iran war. The benchmarks Sensex and Nifty 50 gained over 2% in the opening trade.
The BSE Sensex jumped 1,516.08 points, or 2.09%, to open at 74,212.47,
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A cautious relief swept through financial markets after President Donald Trump said the United States has talked with Iran about a possible end to their war.
Oil prices eased Monday, and stock prices jumped on Wall Street following severe losses taken elsewhere in the world before Trump’s announcement. The S&P 500 rallied 1.1% for its best day since the war began.
» Read more about: How major US stock indexes fared Monday 3/23/2026 »
Palantir’s revenue soared 70% year over year in its most recent quarter.
Its commercial business in the United States continues to expand at a staggering pace, jumping 137% year over year.
The stock’s price-to-earnings ratio is 255,
» Read more about: Palantir Stock Is Up About 23% in 1 Month. Time to Buy? »
Vitesse Energy uses hedging to protect itself against oil price movements, but it’s not perfect, and the stock still has exposure to oil prices.
Until there’s a definitive cessation of hostilities, oil stocks are attractive to buy because they provide protection against a high oil price.
