Sensex Surges Nearly 1,800 Points from Lows; IT Sector Leads Performance

April 2, 2026

Mumbai, April 2: The Indian stock market experienced a volatile session on Thursday. The market opened lower but closed with a significant uptick.

During the trading session, the market showed a strong recovery. The Sensex saw an intra-day low of 71,545 points, bouncing back by 1,774 points.

By the end of the day, the Sensex closed at 73,319.55, gaining 185.23 points or 0.25%.

The Nifty also recovered from an intra-day low of 22,182, closing up by 33.70 points or 0.15% at 22,713.10.

The surge was primarily driven by IT stocks, with the Nifty IT index closing up by 2.60%. Other sectors like Nifty Realty, Nifty Services, Nifty Metal, Nifty Private Bank, and Nifty FMCG also saw gains of 1.07%, 0.54%, 0.39%, 0.39%, and 0.21%, respectively.

Conversely, sectors such as Nifty Consumer Durables, Nifty Pharma, Nifty Healthcare, Nifty Oil & Gas, Nifty Auto, and Nifty Infra faced declines of 0.93%, 0.92%, 0.86%, 0.79%, 0.62%, and 0.45%, respectively.

Within the Sensex pack, notable gainers included HCL Tech, Tech Mahindra, Infosys, TCS, HDFC Bank, Bajaj Finance, Maruti Suzuki, Titan, Axis Bank, BEL, Kotak Mahindra Bank, ITC, ICICI Bank, Bharti Airtel, Indigo, L&T, and SBI. Meanwhile, losers included Asian Paints, Eternal, Sun Pharma, NTPC, Power Grid, M&M, UltraTech Cement, Bajaj Finserv, and Tata Steel.

Midcap and small-cap stocks showed weakness compared to large caps. The Nifty Midcap 100 index fell by 142.10 points or 0.26% to close at 53,677.05, while the Nifty Smallcap 100 index dropped by 59.30 points or 0.38% to 15,650.50.

Sunnie Agarwal, head of fundamental research at SBI Securities, noted that the Indian indices faced a sharp decline in early trading after U.S. President Donald Trump tweeted about potential severe attacks on Iran in the next 2-3 weeks. The indices fell by 500 and 1,500 points, respectively. However, mid-session value buying and a strengthening rupee led to a robust recovery, with the rupee recording its largest gain in 12 years. This ultimately allowed both indices to close in positive territory.

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