Prime End of the Day Summary: View on Market Performance 01 April 2026

Nifty Surges Over 300 Points on Robust Global Cues; Mid, Small caps Shine

After Monday’s brutal sell off, Nifty staged a relief rally, gaining 348 points to close at 22,679. It opened with a massive 568-point gap up at 22,899 on optimism that the war that has jolted global markets and disrupted energy supplies may be nearing a conclusion. While the Nifty hit an intraday peak of 22,941, it ultimately retraced over 300 points from those highs, finishing off its best levels.

Top Nifty gainers included Trent, IndiGo, and Adani Ports, while Dr. Reddy’s, Cipla and HDFC Life faced the selling pressure, closing as the biggest losers.

Excluding Nifty Pharma and Healthcare, every sectoral index advanced, with PSU Banks, Media, and Metals leading the charge.

Nifty Midcap 100 and Smallcap 100 outpaced the benchmark, jumping 2.2% and 3.3%, respectively. Market breadth saw a historic shift; the BSE advance-decline ratio soared to 7.35, its highest reading since May 2009, signaling a massive wave of buying across the board.

Today’s recovery marks the fifth pull back attempt since the ongoing war scenario began, following four failed efforts. A bullish RSI divergence on the daily chart raises hopes for sustainability, with 22,283 now eyeing key support. Upside resistance looms at 23,000