01-Apr-2026 09:36
Sensex skyrockets 1,880 pts in early trade; broader mkt outperforms; VIX slumps 10.48%
The domestic equity indices traded with major gains in early trade, tracking a global market rally amid hopes of easing Middle East tensions involving Iran. Sentiment improved after Donald Trump said the conflict could end within three weeks, while Iran signaled willingness to resolve the crisis.
The positive geopolitical cues boosted investor confidence across regions. Meanwhile, the U.S. dollar remained under pressure and Treasury prices continued to rise. Additionally, the start of a new month, quarter, financial year, and F&O series supported fresh market positioning.
The Nifty traded above the 22,900 level. All sectoral indices on the NSE traded in the green, with PSU banks, auto, and financial services stocks leading the gains.
At 09:30 IST, the barometer index, the S&P BSE Sensex, surged 1,879.96 points or 2.61% to 73,287.51. The Nifty 50 index zoomed 580.35 points or 2.59% to 22,912.55.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 3.63% and the BSE 250 SmallCap Index jumped 3.65%.
The market breadth was strong. On the BSE, 3,171 shares rose and 297 shares fell. A total of 118 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 10.48% to 24.96.
Foreign portfolio investors (FPIs) sold shares worth Rs 11,163.06 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 14,894.72 crore in the Indian equity market on 30 March 2026, provisional data showed.
Stocks in Spotlight:
Valor Estate jumped 5.15% after its wholly owned subsidiary MIG (Bandra) Realtors has entered into an agreement with Adani Goodhomes for acquiring entire equity share capital of Radius Estates and Developers for Rs 383 crore.
Texmaco Rail & Engineering soared 6.22% after it has received an order worth Rs 357.11 crore from JSW Group for the manufacture and supply of BLSS, BLCS, and BFNV rakes along with BVCM wagons.
Bharat Electronics jumped 4.26% after it has announced that it has secured additional orders worth Rs 6,795 crore since its last disclosure on 30 March 2026.
Numbers to Track:
The yield on India's 10-year benchmark federal paper added 0.42% to 6.961 compared with previous session close of 6.961.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.7000 compared with its close of 94.8525 during the previous trading session.
MCX Gold futures for 5 June 2026 settlement rose 0.64% to Rs 151,760.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.05% to 99.84.
The United States 10-year bond yield fell 0.46% to 4.291.
In the commodities market, Brent crude for June 2026 settlement rallied $1.29 or 1.24% to $105.26 a barrel.
Global Markets:
Asian markets rebounded on Wednesday after comments from Donald Trump raised hopes that the ongoing conflict involving Iran could ease in the coming weeks.
On Tuesday in the U.S., Trump said the country could scale back its involvement in the conflict within 'two or three weeks,' adding that there may be little justification for continued engagement.
Investor sentiment was also supported by stronger-than-expected economic data from Japan. The Bank of Japan's Tankan survey for the first quarter of 2026 showed business sentiment among large manufacturers rising to 17 from 15 in the previous quarter. The reading beat consensus expectations of 16 and marked the highest level since the fourth quarter of 2021.
Sentiment among large non-manufacturers came in at 36, unchanged from the prior quarter but above expectations of 33, indicating continued resilience in Japan's service sector.
In China, manufacturing activity showed signs of moderation. The country's purchasing managers' index (PMI) fell to 50.8 in March, missing expectations of 51.6 and easing from February's more than five-year high of 52.1. A reading above 50 still indicates expansion, though the slowdown suggests some loss of momentum.
Overnight on Wall Street, U.S. stocks rallied sharply on optimism that geopolitical tensions could de-escalate. The Dow Jones Industrial Average rose 1,125.37 points, or 2.49%, to close at 46,341.51. The S&P 500 gained 2.91% to end at 6,528.52, while the Nasdaq Composite advanced 3.83% to 21,590.63.
The gains followed reports suggesting that Iran may be open to ending hostilities if certain guarantees are met. Additional media reports indicated that the U.S. administration is willing to consider a resolution even if disruptions persist in the Strait of Hormuz, a critical global oil shipping route.
Easing concerns over the conflict and potential stabilization in energy supplies helped lift investor confidence, driving gains across global equity markets.
News source: Capital Market - Live News
