Markets Rally Broadly; Sensex, Nifty Gain Over 1.5% on Trump’s De-escalation Signal

Mumbai, April 1: Stock markets ended Wednesday session with strong gains led by broader rally as Asian markets trading in the green. BSE Sensex jumped 1,186.77 points or 1.65 per cent to close at 73,134.32. Nifty 50 rose 348 points or 1.56 per cent to finish at 22,679.40.

Asian stocks traded higher during the day as investors cheered expectations of reduced tensions in the Middle East. The optimism continued to spill over into domestic markets helping risk assets trade higher. “Besides, markets also cheered positive comments by US President Donald Trump who said that the Iran conflict situation will ease in the next two to three weeks,” traders said. Stocks reacted positively to Trump’s comments hoping for stability in the global market as well as reduced concerns over energy supplies.

Midcap, Smallcap in Green

Midcap and smallcap indices ended in green too indicating better market breadth. Sectorally, metals, financials, IT and capital goods stocks were among top gainers as investors preferred buying cyclicals and growth stocks. Banks and financials cushioned index falls while IT stocks gained tracking positive global peers. Metal stocks continued their upward momentum on hopes of improving global demand and supply-side concerns easing amid easing geopolitical tensions.

Spot gold rose ₹197 to ₹15,148 per gram while silver rose ₹5 per gram to ₹255 and ₹2,55,000 per kg.

Aviation Stocks Rise

Aviation stocks witnessed strong buying interest in morning trade on Wednesday, with InterGlobe Aviation rising over 9 per cent despite an increase in jet fuel prices.

After opening on a positive note, InterGlobe Aviation extended its gains to jump 9.41 per cent to Rs 4,315 on the BSE. Meanwhile, shares of SpiceJet also moved higher, climbing 4.72 per cent to Rs 10.20.

Among other top gainers, strong momentum was seen across sectors with stocks like Bharat Electronics, Trent, Adani Enterprises and Adani Ports posting notable gains during the session. Buying interest remained broad-based, with financials, metals and IT stocks also contributing to the upside, reflecting improved investor sentiment and a shift towards risk-on trades in the market.

Sources:

• https://www.bseindia.com/index.html
• https://www.nseindia.com/market-data/live-market-indices