Sensex, Nifty Jump Over 1.6 pc on Strong Global and Sectoral Gains

Apr 15 (BNP): Indian stock markets ended the day on a strong note on Wednesday, as investors turned upbeat amid positive global cues and hopes of renewed talks between the US and Iran.

The Sensex jumped 1,263.67 points (1.64%), while the Nifty 50 climbed 389 points (1.63%) to settle at 24,231.

Broader markets saw even stronger momentum, with both midcap and smallcap indices rising more than 2%, showing that buying interest was not limited to large companies.

All sectoral indices ended in positive territory. The Nifty IT index led the rally with gains of around 2.8%, while media and realty stocks also saw healthy buying, rising over 2% each.

Investor sentiment improved as easing geopolitical tensions lifted global risk appetite and helped bring crude oil prices under control.

Market experts said that while earnings expectations remain mixed in the near term, overall sentiment is supported by reasonable valuations and hopes of stronger corporate performance in FY27.