The Indian equity market snapped its two-day losing streak and ended the first session of the new series on a strong note on April 1, supported by signs of de-escalation in the ongoing tensions between the US and Iran.

The market kicked off the new financial year on a positive footing, with the Nifty opening gap-up at 22,900 amid broad-based buying across sectors and the broader indices. However, despite intraday profit booking, the benchmarks managed to hold gains and closed on a robust note.

At close, the Sensex was up 1,186.77 points or 1.65 percent at 73,134.32, and the Nifty was up 348 points or 1.56 percent at 22,679.40.

Broader markets outperformed the main indices, with the Nifty Midcap index added 2.2 percent and smallcap index rose 3.3%.


The market capitalisation of BSE-listed companies surged by nearly ?10 lakh crore to ?422.23 lakh crore, up from ?412.41 lakh crore recorded on Monday.

Interglobe Aviation, Adani Ports, Adani Enterprises, Trent, Bharat Electronics were among biggest gainers on the Nifty, while losers included Dr Reddy's Labs, HDFC Life, Cipla, NTPC, Sun Pharma.

Except pharma (down 1%), all other sectoral indices ended in the green with defence index surged more than 5%, capital goods, media, PSU Bank indices rose 3% each, while auto, consumer durables, IT, metal, realty, FMCG, telecom, Private Bank up 1-2%.

More than 200 stocks touched their 52-week low on the BSE, including Blue Star, HDFC Life, Cipla, Havells India, SBI Card, Blue Dart, among others.

In stock-specific action, Marksans Pharma gained 7% after receiving USFDA approval for its Benzonatate Capsules. Texmaco Rail and Engineering surged 12% following an order win worth ?357.11 crore, while RailTel Corporation of India also jumped 7% on securing orders valued at ?29.69 crore.

InterGlobe Aviation (IndiGo) shares rose 6% after the appointment of former Willie Walsh as its new CEO.

Among other movers, Garden Reach Shipbuilders advanced 20% after reporting its highest-ever annual turnover, and Diamond Power Infrastructure added 5.6% on winning an order to supply 66 kV EHV cables.

Pace Digitek rallied 10% after bagging an order worth ?494.5 crore from NTPC, while Zaggle Prepaid Ocean Services climbed 16% after projecting around 40% growth for FY27. Meanwhile, Coforge gained 3.7% following approval from the Reserve Bank of India for its overseas direct investment.