Indian stock markets rose sharply on April 10, recovering from the previous session’s losses.
The Sensex climbed over 900 points to close above 77,500, while the Nifty crossed the 24,000 mark. The strong rally was mainly driven by positive global signals and easing concerns around geopolitical tensions.
Markets were supported by reports of improving relations between the US and Iran, which led to a drop in crude oil prices. Lower oil prices are beneficial for India as they help reduce inflation and import costs.
Buying was seen across several sectors, especially auto, metals and banking stocks. Among the top gainers were Asian Paints, Mahindra & Mahindra, and Adani Ports, which helped push the indices higher.
However, not all stocks participated in the rally. Infosys, Reliance Industries, and TCS were among the major losers, facing selling pressure during the session.
Global markets also traded positively, which lifted investor sentiment. A stronger rupee and some return of foreign investor interest added to the gains.
Experts say the rise was partly due to bargain buying after the recent fall. Still, they caution that markets may remain volatile due to global uncertainties.
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