Closing Bell: Nifty, Sensex Extend Winning Streak to 4 Consecutive Sessions; Nifty 50 Tops 23,100, Rs 17.68 Lakh Crore Wealth Added in Last 4 Sessions

Market Update at 04:09 PM: India’s benchmark indices, the Nifty 50 and the Sensex, ended higher on Tuesday, April 7, marking their fourth consecutive session of gains. The rally was largely driven by buying in information technology stocks ahead of quarterly earnings, which helped offset concerns over escalating tensions in the Middle East ahead of a deadline for Iran to reach a deal.

The Nifty 50 opened about 130 points higher and sustained momentum through the session. After midday trade, the index advanced over 0.5 per cent and closed above the 23,100 mark. At the close, the Nifty 50 gained 155.40 points, or 0.68 per cent, to settle at 23,123.65. The Sensex jumped 509.73 points, or 0.69 per cent, to end at 74,616.58. Meanwhile, the Bank Nifty underperformed the frontline indices, rising 0.2 per cent to close at 52,716.25.

Investors are now awaiting the outcome of the Reserve Bank of India’s Monetary Policy Committee meeting, scheduled for Wednesday. The central bank is widely expected to keep the repo rate unchanged, with market participants closely tracking the commentary for cues on the future policy trajectory. Volatility cooled during the session, with the India VIX declining 3 per cent to close below the 25 mark, indicating easing market nervousness.

The recent rally significantly boosted investor wealth. The total market capitalisation of BSE-listed companies surged from Rs 4,11,55,003.15 crore on March 30, 2026, to Rs 4,29,23,710.81 crore on April 7, 2026, resulting in a sharp increase of Rs 17,68,707.66 crore over just four trading sessions.

Several factors supported the market’s upward momentum. Bargain hunting emerged after the recent correction, as investors found valuations attractive. Sentiment also improved after Moody’s retained India’s Baa3 (BBB-) sovereign credit rating with a stable outlook. Additionally, crude oil prices eased from Intraday highs and hovered near USD 105 per barrel, offering relief to markets. Buying interest in IT stocks also picked up ahead of Q4 FY26 earnings, with TCS set to kick off the results season on Thursday, April 9, 2026.

On the sectoral front, 10 out of 11 key indices ended in positive territory. The Nifty IT index was the top performer, gaining 2.5 per cent, with all constituents closing higher, extending its winning streak to four consecutive sessions. Broader markets showed a mixed trend, with the Nifty Midcap index rising 0.2 per cent, while the Nifty Smallcap 100 index slipped 0.06 per cent. The Nifty PSU Bank index was the only sector to close in the red, declining 0.71 per cent.

Among individual stocks, Kalyan Jewellers declined 1.43 per cent despite a strong growth outlook, while Jubilant FoodWorks dropped sharply by 10.4 per cent after its business update raised concerns about subdued earnings for the March quarter.

The gains in the Nifty 50 were primarily driven by Infosys, which contributed 25.51 points, followed by Bharti Airtel at 23.59 points and ICICI Bank at 22.07 points. On the other hand, Mahindra & Mahindra dragged the index by 2.93 points, followed by Dr. Reddy’s Laboratories at 2.89 points and InterGlobe Aviation at 2.15 points.

Market breadth remained positive on April 7. Out of 3,314 stocks traded on the NSE, 2,082 advanced, 1,149 declined, and 83 remained unchanged. A total of 25 stocks touched their 52-week highs, while 22 hit their 52-week lows. Additionally, 185 stocks were locked in Upper Circuits, whereas 42 stocks were locked in Lower Circuits.

Market Update at 2:29 PM: Indian benchmark indices, the Nifty 50 and the Sensex, traded in a narrow range on Tuesday as investors remained cautious, closely tracking the evolving geopolitical situation in the Middle East.

The Nifty 50 was trading 0.16 per cent, or 37.10 points higher, at 23,015.15, while the Sensex gained 0.16 per cent, or 115.42 points, to trade at 74,225.30.

Investor sentiment remained fragile after U.S. President Donald Trump termed the proposed ceasefire with Iran as “not good enough” ahead of his deadline. Over the weekend, he warned that the U.S. could target Iran’s power plants and civilian infrastructure if the Strait of Hormuz is not fully reopened, raising concerns over potential escalation in the region.

Back home, traders also adopted a cautious stance ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) outcome, which is scheduled to be announced on Wednesday.

In the broader market, indices remained under pressure. The Nifty MidCap index was down 0.40 per cent, while the Nifty SmallCap index slipped 0.16 per cent, indicating weakness beyond frontline stocks.

On the sectoral front, the Nifty PSU Bank index emerged as the worst performer. The Nifty Bank and Nifty Auto indices also underperformed during the session.

However, some sectors managed to buck the trend, with the Nifty IT and Nifty Realty indices posting the strongest gains among sectoral indices.

Market Update at 12:20 PM: Indian benchmark indices, the Nifty 50 and the Sensex, pared early losses and were trading marginally higher as investors remained cautious amid escalating tensions in the Middle East.

The Nifty 50 was up 0.06 per cent, or 14.75 points, at 22,986.90, while the Sensex gained 0.07 per cent, or 52.66 points, to trade at 74,155.13. Despite the slight uptick, sentiment remained fragile as traders closely tracked geopolitical developments.

U.S. President Donald Trump termed the proposed ceasefire with Iran as “not good enough” as his deadline approaches. Over the weekend, he warned that the U.S. could target Iran’s power plants and civilian infrastructure if the Strait of Hormuz is not fully reopened, raising concerns of further escalation in the region.

Back home, investors also stayed on the sidelines ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) decision, scheduled to be announced on Wednesday, which is expected to provide cues on the interest rate trajectory.

In the broader markets, performance remained weak. The Nifty MidCap index declined 0.72 per cent, while the Nifty SmallCap index slipped 0.14 per cent, reflecting cautious sentiment among investors in the wider market.

Sectorally, the Nifty Auto index was the worst performer, falling 2 per cent. The Nifty Bank and Nifty PSU Bank indices also lagged, adding to the overall subdued tone. However, the Nifty Metal and Nifty Media indices bucked the trend and traded in positive territory.

Market Update at 09:35 AM: India’s benchmark indices, the BSE Sensex and the Nifty 50, traded lower on Tuesday, April 7, as investors remained cautious amid escalating geopolitical tensions in the Middle East and ahead of the Reserve Bank of India’s (RBI) monetary policy decision.

The BSE Sensex declined 568.71 points, or 0.77 per cent, to 73,538.14, while the Nifty 50 fell 197.50 points, or 0.86 per cent, to 22,770.75 as of 09:21 AM.

Investor sentiment remained subdued as traders closely tracked developments between the U.S. and Iran. U.S. President Donald Trump termed the proposed ceasefire with Iran as “not good enough” as his deadline approaches. Over the weekend, he warned that the U.S. could target Iran’s power plants and civilian infrastructure if the Strait of Hormuz is not fully reopened.

On the domestic front, caution also prevailed ahead of the outcome of the RBI’s Monetary Policy Committee (MPC) meeting, which is scheduled to be announced on Wednesday. Market participants are awaiting clarity on the central bank’s stance amid global uncertainties.

Broader markets also witnessed selling pressure, with the Nifty MidCap index declining 1.47 per cent and the Nifty SmallCap index falling 0.88 per cent, indicating weakness beyond frontline indices.

Meanwhile, crude oil prices edged higher amid supply concerns. Brent crude’s April contract rose 0.5 per cent to USD 110.32 per barrel on the Intercontinental Exchange, as investors anticipate potential disruptions in supply from the Middle East due to escalating tensions.

Pre-Market Update at 7:42 AM: India’s benchmark indices, the Sensex and Nifty 50, are likely to begin Tuesday’s session on a cautious note as investors track ongoing developments in the U.S.-Iran conflict in the Middle East. Despite positive global cues, early indicators suggest a subdued start for domestic markets.

As of 7:23 am, GIFT Nifty was trading around the 22,913 level, down over 88 points from the previous close of Nifty futures, indicating a negative opening for Indian equities.

Asian markets traded mostly higher on Tuesday, following gains on Wall Street. Japan’s Nikkei 225 was trading flat, while the Topix rose 0.42 per cent. South Korea’s Kospi advanced 0.66 per cent, whereas the Kosdaq declined 0.10 per cent. Hong Kong markets remained closed due to the Easter holiday.

Investor sentiment remains sensitive to geopolitical developments. U.S. President Donald Trump intensified his stance against Iran, warning that the country could be “taken out in one night” if it fails to meet the Tuesday deadline to reopen the Strait of Hormuz. Iran responded by cautioning that any attack on civilian targets would lead to escalated strikes on energy infrastructure across the Gulf region.

On the macroeconomic front, growth in the U.S. services sector moderated in March. The Institute for Supply Management reported that its non-manufacturing PMI fell to 54.0 from 56.1 in February, below Reuters’ forecast of 54.9.

In Japan, government bond yields remained largely stable. The 10-year JGB yield held steady at 2.425 per cent after recently hitting a 27-year high. The 20-year yield rose by 2 basis points to 3.350 per cent, while the two-year yield remained unchanged at 1.395 per cent. The five-year yield edged up by 0.5 basis points to 1.830 per cent.

Crude oil prices continued to rise amid geopolitical tensions. Brent crude futures gained 0.5 per cent to USD 110.34 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 1.1 per cent to USD 113.67 per barrel, driven by concerns over supply disruptions through the Strait of Hormuz.

From a derivatives perspective, the Put-Call Ratio (PCR) stands at 1.42, indicating a relatively bullish undertone. On the Put side, significant open interest was seen at the 22,500 and 22,700 strike levels, suggesting strong support. On the Call side, the highest open interest was concentrated at the 23,200 and 23,500 strikes, indicating resistance in that zone.

Technically, the Nifty 50 needs to sustain above the 23,000–23,400 range to continue its upward momentum. Until then, the index may remain range-bound, with immediate support placed at 22,700, followed by 22,500.

In the derivatives segment, Sammaan Capital remains under the F&O ban for April 7.

Institutional activity continues to show divergence. On April 2, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 8,167.17 crore, while Domestic Institutional Investors (DIIs) bought shares worth Rs 8,088.70 crore. Notably, FIIs have remained net sellers for the past 24 consecutive trading sessions.

In the previous session on Monday, Indian markets ended with strong gains. The Sensex rose 787.30 points, or 1.07 per cent, to close at 74,106.85, while the Nifty 50 gained 255.15 points, or 1.12 per cent, to settle at 22,968.25.

Wall Street also ended higher overnight amid hopes of a potential ceasefire between the U.S. and Iran. The Dow Jones Industrial Average climbed 165.21 points, or 0.36 per cent, to 46,669.88. The S&P 500 rose 29.33 points, or 0.45 per cent, to 6,612.02, while the Nasdaq Composite advanced 117.16 points, or 0.54 per cent, to 21,996.34.

Among stocks, Nvidia gained 0.14 per cent and AMD rose 1.23 per cent. Amazon surged 1.44 per cent, while Apple added 1.15 per cent. Tesla, however, declined 2.15 per cent. Soleno Therapeutics stood out with a sharp 32.3 per cent rally.

In commodities, gold prices remained steady ahead of geopolitical developments, with spot gold at USD 4,646.69 per ounce. Silver prices declined, with spot silver falling 0.9 per cent to USD 72.11 per ounce.

Disclaimer: The article is for informational purposes only and not investment advice.