Mumbai, April 15: The Indian stock market closed on a high note on Wednesday, buoyed by positive trends in global markets and renewed hopes for peace talks between the U.S. and Iran. Both the BSE Sensex and NSE Nifty recorded a gain of 1.6 percent.
At the market’s close, the Sensex, which comprises 30 stocks, surged by 1,263.67 points (1.63 percent) to reach 78,111.24. Meanwhile, the Nifty climbed 388.65 points, also a 1.63 percent increase, settling at 24,231.30.
During the trading session, the Sensex opened at 77,981.10 and hit an intraday high of 78,270.42, while the Nifty opened at 24,163.80 and reached a peak of 24,280.90.
The broader market also saw significant gains, with the Nifty Midcap 100 rising by 2.20 percent and the Nifty Smallcap 100 index increasing by 2.35 percent.
All sectoral indices traded in the green on Wednesday. The Nifty IT, Metals, PSU Bank, Media, and Realty sectors each saw gains of over 2 percent. Additionally, the Nifty Auto, Nifty FMCG, Nifty Bank, and Nifty Financial Services sectors recorded increases of more than 1 percent.
In the Nifty 50, all but five stocks showed positive movement. Shares of Indigo, Powergrid, Eternal, Max Health, Wipro, HDFC Life, Tech Mahindra, TCS, Hindalco, TMPV, SBI Life, and L&T saw increases ranging from 3 to 4 percent. Conversely, stocks like Dr. Reddy’s, Bharti Airtel, ICICI Bank, Axis Bank, and ONGC experienced declines.
Experts suggest that signs of easing tensions between the U.S. and Iran have boosted investors’ risk appetite. U.S. President Donald Trump indicated that talks aimed at ending the conflict could resume in Pakistan within the next two days, creating a positive atmosphere in the market and prompting robust buying from investors.
In the meantime, following the second round of U.S.-Iran talks, the rupee strengthened to 93.50, contributing to a decline in crude oil prices over the past two sessions.
An analyst noted, “The drop in crude oil prices, which are now sliding towards the $94-95 range, is alleviating pressure on India’s import bill and providing short-term relief to the rupee.”
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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