New Delhi, Apr 1 (APAC Media): Indian equity markets opened and closed sharply higher on the first trading day of the new financial year, rebounding after a sharp decline in March triggered by geopolitical tensions in the Middle East.
At the opening bell, the BSE Sensex surged over 1,600 points, while the NSE Nifty50 climbed nearly 500 points. By the close, the Nifty50 was trading 348 points higher at 22,679, and the Sensex ended the session 1,186 points up at 73,134, marking a broad-based recovery across sectors including banking, finance, and industry.
Market analysts attributed the gains to easing geopolitical concerns and positive global cues.
“Our forces will be leaving Iran within two to three weeks. We have achieved our objectives, and there is no need for prolonged engagement. We are committed to ensuring peace and stability in the region while protecting American interests.” U.S. President Trump said.
Global equity markets also showed strong performance. In the United States, the S&P 500 rose 2.5 per cent, the Dow Jones Industrial Average gained 2.9 per cent, and the Nasdaq Composite advanced 3.8 per cent.
Ramesh Kumar, Chief Market Strategist at a leading brokerage, said, “The strong opening of the new financial year reflects renewed investor confidence. Both domestic and global factors, particularly the easing of geopolitical tensions, have contributed to this surge. However, investors should remain cautious as volatility may persist in the coming weeks.”
Analysts noted that while the current rally provides a breather, the markets remain sensitive to global events and oil price fluctuations. The positive sentiment, however, marks a strong start for April, restoring some of the ground lost during March’s turbulence.
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