Indian Stock Market Today: Sensex, Nifty Jump 2% as Markets Rebound at Start of New Financial Year

BSE Sensex and Nifty 50 started the new financial quarter on a strong note on Wednesday, April 1, with both benchmark indices surging sharply in early trade. The rally comes after a difficult March when markets crashed due to geopolitical tensions linked to the Iran war. The BSE Sensex jumped 1,813.32 points to 73,760.87, marking a 2.52% gain, while the Nifty 50 climbed 537.25 points to 22,868.65, up 2.41% during the session.Both indices extended gains shortly after opening, reflecting improved investor sentiment and renewed buying across sectors. So far, today's rally has been broad-based, with strong buying across banking, financials, IT and cyclicals, signalling a shift in sentiment rather than a narrow, stock-led move.  The mid and small-cap indices on the BSE surged up to 4%. Investors earned ₹13 lakh crore as the overall market capitalisation of BSE-listed firms rose to ₹425 lakh crore from ₹412 lakh crore in the previous session.

According to reports, US President Donald Trump has said Washington could end its military attacks on Iran within two to three weeks. Tehran, the US President said, did not have to make a deal as a prerequisite for the war to end. The US-Iran war, which began on 28 February, has driven crude oil prices to multi-year highs, raising concerns about its impact on global growth and inflation dynamics and dealing a blow to market sentiment.

The rally comes after a turbulent March when the Indian equity markets witnessed a sharp correction. Escalating geopolitical tensions in West Asia, particularly the ongoing Iran conflict, triggered heavy volatility in global markets. The situation led to rising crude oil prices and massive foreign investor outflows, pushing Indian benchmarks down by more than 11% during the month, wiping out significant investor wealth.Overnight on Wall Street, the S&P 500 and the Dow Jones Industrial Average advanced 2.5 per cent and 2.9 per cent, respectively, while the Nasdaq Composite gained 3.8 per cent. The surge came after US President Donald Trump said that the US will leave Iran within "two-to-three weeks".Earlier on Monday, the NSE Nifty 50 closed the session 488 points or 2.14% lower at 22,331, while the BSE Sensex tumbled 1,635.67 points or 2.22% to close at 71,947.