The Indian stock market rebounded sharply on April 2, 2026, with the BSE Sensex climbing 1,750 points to close at 63,420, while the Nifty50 surged above 22,700. Investors were buoyed by a stronger rupee and renewed buying interest in select sectors, trimming losses from earlier in the session.
Markets had opened under pressure, with early declines triggered by geopolitical concerns and weak sectoral cues. Banking, pharmaceuticals, and IT stocks initially dragged indices down, but value buying gradually returned, lifting sentiment.
Among Sensex gainers, Tata Power, Indigo, Reliance Industries, Hindustan Unilever, and Maruti Suzuki recorded strong gains, reflecting investor confidence in energy, transport, and consumer staples. On the other hand, Infosys, Dr Reddy’s Laboratories, HDFC Bank, and Tata Consultancy Services were the major laggards, offsetting some of the rally.
On the broader market, Nifty midcaps and smallcaps also recovered, supported by selective buying in industrial and FMCG stocks. Analysts said the rebound was partly fueled by the rupee’s appreciation, which eased import cost pressures and improved investor confidence in export-oriented sectors.
Despite the strong close, market participants remain cautious. Global cues, crude oil volatility, and foreign fund flows continue to influence trading sentiment.
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