Kamal Ghorui
Benchmark equity indices Sensex and Nifty ended nearly 2 per cent higher on Wednesday, starting the new financial year on a firm footing as global markets rallied on hopes of a potential de-escalation in the ongoing West Asia conflict.The 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During intra-day trade, it surged 2,017.03 points or 2.80 per cent to 73,964.58.The broader NSE Nifty rose 348 points or 1.56 per cent to close at 22,679.40. A decline in crude oil prices also supported investor sentiment.
Nifty50 top gainers
- Trent (+7.00%)
- InterGlobe Aviation (+6.02%)
- Kwality Wall’s (+5.79%)
- Adani Ports SEZ (+5.55%)
- BEL (+4.51%)
- SBI (+3.93%)
- Eicher Motors (+3.64%)
- Jio Financial Services (+3.50%)
- Eternal (+3.30%)
Nifty50 top losers
- Dr Reddy’s (-3.61%)
- HDFC Life (-2.99%)
- Cipla (-2.32%)
- Sun Pharma (-1.64%)
- NTPC (-1.62%)
- Apollo Hospitals (-1.53%)
- Power Grid (-1.12%)
- Max Healthcare (-0.36%)
- UltraTech Cement (-0.29%)
Sensex top gainers
- Trent (+7.00%)
- InterGlobe Aviation (+6.02%)
- Adani Ports SEZ (+5.55%)
- BEL (+4.51%)
- SBI (+3.93%)
- Eternal (+3.30%)
- L&T (+2.96%)
- Titan Company (+2.89%)
Sensex top losers
- Sun Pharma (-1.64%)
- NTPC (-1.62%)
- Power Grid (-1.12%)
- UltraTech Cement (-0.29%)
- Bharti Airtel (-0.03%)
“Indian equity markets opened the new financial year on a positive note, with stocks soaring on fresh optimism surrounding a potential de-escalation of the Middle East conflict and easing of energy supply disruptions,” said Ponmudi R, CEO of Enrich Money.He added that US President Donald Trump’s remarks suggesting the US could withdraw from Iran “whether we have a deal or not” within the next two to three weeks provided the trigger for a broad rally in global risk assets.“Indian equity markets opened FY27 on a strong note, driven by improving risk appetite following US President Donald Trump’s remarks hinting at a potential resolution to the West Asia conflict,” said Vinod Nair, Head of Research at Geojit Investments Limited.In the US, markets ended significantly higher on Tuesday, with the Nasdaq Composite surging 3.83 per cent, the S&P 500 rising 2.91 per cent and the Dow Jones Industrial Average gaining 2.49 per cent.Brent crude, the global oil benchmark, declined 0.22 per cent to USD 103.7 per barrel.Stock markets were closed on Tuesday on account of Shri Mahavir Jayanti.Foreign Institutional Investors (FIIs) offloaded equities worth Rs 11,163.06 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 14,894.72 crore, according to exchange data.
