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Benchmark indices Sensex and Nifty staged a crisp rebound connected Monday (April 6, 2026) aft falling successful aboriginal commercialized pursuing a correction successful crude lipid prices amid reports of ceasefire efforts successful the ongoing West Asia war.
Intense buying successful banking and IT stocks, and a strengthening rupee, supported capitalist sentiment, traders said.
In a volatile session, the 30-share BSE Sensex jumped 787.30 points, oregon 1.07%, to settee astatine 74,106.85. During the day, it surged 887.91 points, oregon 1.21%, to 74,207.46.
A full of 3,207 stocks advanced, portion 1,147 declined and 190 remained unchanged connected the BSE. The 50-share NSE Nifty edged higher by 255.15 points, oregon 1.12%, to extremity astatine 22,968.25.
“The betterment was chiefly driven by reports of a imaginable ceasefire model successful the Middle East, which helped stabilise crude prices aft the archetypal uptick and improved planetary hazard sentiment,” Ajit Mishra, SVP, Research, Religare Broking Ltd., said.
On the different hand, Reliance Industries and Sun Pharma were the laggards.
Equity indices opened connected a affirmative note, but faced nett booking successful the archetypal half, creating immoderate intraday pressure. However, beardown buying emerged successful the 2nd half, driving a crisp upside determination and helping the benchmarks adjacent astatine higher levels, said Hitesh Tailor, Technical Research Analyst astatine Choice Equity Broking Private Limited.
Sectorally, BSE PSU Bank surged 2.37%, Consumer Durables (2.30%), Private Banks scale (2.15%), Financial Services (2.12%), BSE Top 10 Banks (2.07%), Bankex (2.03%) and utilities (1.94%).
Consumer durables emerged arsenic the apical performer, supported by a beardown request outlook and involvement successful consumption-led themes. IT stocks besides outperformed, with the Nifty IT scale gaining connected the backmost of rupee movements and antiaircraft buying amid geopolitical uncertainty, arsenic currency weakness supports export-oriented earnings.
“Domestic equities staged a beardown rally arsenic worth buying gained traction crossed the board. Crude prices softened marginally connected reports of ceasefire efforts, portion encouraging provisional banking information supported involvement successful rate-sensitive segments,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
However, wide hazard appetite remains cautious owed to persistent inflationary pressures and concerns implicit imaginable disruptions to planetary trade, helium added.
Brent crude, the planetary lipid benchmark, dropped 0.71% to $108.3 per barrel.
The rupee gained 14 paise to adjacent astatine 93.04 (provisional) against the U.S. dollar connected Monday (April 6).
In Asian markets, South Korea’s benchmark Kospi and Japan’s Nikkei 225 scale ended higher. Markets were closed successful Hong Kong and Shanghai for a holiday.
“The rebound was supported by reports of imaginable U.S.-Iran ceasefire talks, which improved planetary hazard sentiment and eased concerns implicit prolonged geopolitical tensions...The betterment was further aided by buying successful IT and banking stocks, supportive planetary cues, appreciation successful the rupee and a marginal diminution successful the India VIX (-0.2%), which helped reconstruct capitalist assurance aft caller declines,” said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
U.S. and home equity markets were closed connected Friday (April 3) for Good Friday.
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹ 9,931.13 crore connected Thursday (April 2), according to speech data. Domestic Institutional Investors (DIIs), however, bought stocks worthy ₹ 7,208.41 crore.
On Thursday (April 2), the 30-share BSE Sensex settled higher by 185.23 points, oregon 0.25%, astatine 73,319.55. The Nifty closed astatine 22,713.10, up by 33.70 points, oregon 0.15%.
