Markets Stage Strong Comeback As Sensex Soars, Nifty Ends Above 24,200

Mumbai, April 15: Indian equity markets staged a strong comeback on April 15, snapping recent volatility and closing with robust gains, as improving global cues around renewed hopes of US-Iran peace talks and broad-based buying lifted investor sentiment.

The benchmark BSE Sensex surged 1,263.67 points, or 1.64 percent, to settle at 78,111.24, while the Nifty 50 climbed 388.65 points, or 1.63 percent, to end at 24,231.30. The Nifty reclaimed the 24,200 mark, reflecting strong momentum through the session as indices held on to gains near the day’s highs.

Broad Based Rally

The rally was marked by widespread participation, with all sectoral indices finishing in the green. Rate-sensitive and cyclical pockets such as capital goods, oil & gas, power, infrastructure, realty, media, IT and consumer durables stocks advanced around 2 percent each, underlining the strength of the upmove.

Broader markets mirrored the bullish sentiment. The midcap and smallcap indices rose more than 2 percent each, indicating that buying interest extended well beyond index heavyweights and into the wider market.

Gainers and Losers

Among individual stocks, InterGlobe Aviation emerged as the top gainer on the Nifty, continuing its sharp rebound. Other notable gainers included Max Healthcare Institute, Power Grid Corporation of India, Wipro and Eternal.

On the downside, a handful of stocks capped the rally. Dr. Reddy’s Laboratories, Bharti Airtel and ICICI Bank ended in the red, though losses remained limited compared to the broader market strength.

Global Cues

The day’s surge was largely driven by favourable global cues. Easing concerns around geopolitical tensions and a decline in crude oil prices supported sentiment, particularly for an oil-import-dependent economy like India. Softer oil prices help ease inflation worries and improve corporate margin outlooks, especially for sectors sensitive to input costs.

Additional support came from steady foreign institutional investor flows, relatively stable bond yields, and a firm undertone in the rupee, all of which contributed to the risk-on mood across Dalal Street.

Rupee Flat

In the currency market, the Indian rupee ended nearly flat at 93.37 against the US dollar, compared to its previous close of 93.38, indicating stability despite heightened activity in equities.

The sharp rebound comes after a phase of choppy trading driven by global uncertainties, suggesting that investor confidence is gradually returning. However, markets remain sensitive to external triggers, particularly movements in crude oil and geopolitical developments.

For now, the bulls appear to have regained control, with the breadth and intensity of the rally pointing to renewed optimism. Whether this momentum sustains will depend on the durability of global cues and the trajectory of key macro factors in the days ahead.

Source: NSE, BSE