IndiGo Zooms 9.55%, BEL Up 6.21% as War-End Optimism Fuels Morning Buoyancy 

Mumbai, April 1: IndiGo was Wednesday’s top performer, spiking 9.55% from previous close of ₹3,943.50 to ₹4,320 — the largest gain by any Nifty 50 stock on an absolute basis. Fuel prices for Aviation Turbine Fuel have decimated airline margins throughout the war. Any avenue towards de-escalation immediately impacts IndiGo’s pricing outlook, and traders bid that development higher, quickly. 

BEL was the second-largest gainer by percentage terms, adding 6.21% to ₹425.55 from ₹400.65 on volumes of more than 1.35 crore shares worth ₹575 crore. Trent was another major beneficiary, jumping 6.19% to ₹3,499.70. Both Adani Enterprises and Adani Ports saw meaningful gains, rising 5.53% to ₹1,856 and 5.24% to ₹1,381.40, respectively. Global shipping rates continued to climb overnight after market sentiment around Strait of Hormuz eased. 

Stocks moved higher after US President Donald Trump appeared to suggest that Washington’s military offensive against Iran could come to an end within weeks. Trump said during a speech that the US is “finishing the job” in Iran. Hours later, Tehran said it was ready to end the conflict if certain demands were met. Trump is set to give an update on the conflict later tonight — something that would confirm if peace talks are truly underway. 

TCS added 4.29% to ₹2,460 on volumes of almost 15 lakh shares worth ₹364 crore. Bajaj Finance was up 3.99% to ₹833.50, while Shriram Finance gained 3.96% to ₹906.60. Infosys climbed 3.91% to ₹1,299.50. Hindalco advanced 3.82% to ₹918.25 on volumes of over 27 lakh shares. Metals were up across the board as the commodity complex rallied on hopes supply chains will return to normal as the war cools off. 

Tata Steel jumped 3.20% to ₹198, JSW Steel gained 3.14% to ₹1,157.70, and Wipro was up 3.11% to ₹193.48. Titan ticked higher by 3.10% to ₹4,074. L&T climbed 3.23% to ₹3,617.20 on strong volumes worth over ₹501 crore. Eicher Motors rose 3.22% to ₹6,798. 

HDFC Life was the Nifty’s sole banking stock in the red, down 0.86% to ₹585.50. Apollo Hospitals was the sole healthcare stock to move lower, edging 0.44% lower to ₹7,386. Cipla declined 0.16% to ₹1,222.30 and Power Grid dipped 0.02% to ₹296.05 on bulky volumes of 66.8 lakh shares. Typically defensive sectors such as healthcare and utilities gave up minor gains to round out the day’s losers as optimism flooded markets. 

There were only four losers among Nifty stocks and they barely moved lower. This, in and of itself, was a bullish sign. Wednesday’s rally was indiscriminate. Bulls had a singular focus. Markets are moving higher, on widespread conviction that peace could be near. 

 Source: https://www.nseindia.com/market-data/top-gainers-losers