Stock Market Today: Indian benchmark equity indices surged at the opening bell on Wednesday, April 1, tracking a rally in global markets as easing geopolitical tensions in the Middle East boosted investor confidence. Hopes that the ongoing war between the United States-Israel and Iran could end improved risk appetite among investors soon, triggering a broad-based rally in domestic equities at the start of the trading session.
Sensex, Nifty Open Higher At Stock Market Opening
Both key Indian indices began the day with strong gains. The Sensex opened 1,814.88 points or 2.52% higher at 73,762.43, while the Nifty jumped 567 points or 2.5% to start trading at 22,899.
Earlier in the pre-opening session, the indices had already signalled a strong start. The Sensex was up 1,838.25 points or 2.55% at 73,785.80, while the Nifty gained 476.45 points or 2.13% to 22,807.85.
Top Gainers And Losers On Nifty
Several stocks led the early rally on the Nifty index. Shriram Finance, Trent, Bajaj Finance, Larsen & Toubro, and InterGlobe Aviation emerged as major gainers during the opening trade.
On the other hand, ONGC was the only stock trading in the red among the prominent Nifty constituents.
How Are Asian And US Markets Trading?
Asian markets traded higher on Wednesday, extending gains seen in the United States overnight. The rally on Wall Street saw the S&P 500, Nasdaq, and Dow Jones Industrial Average record their biggest single-day gains since May 2025.
The surge in global equities followed remarks by Donald Trump, who said that American military operations against Iran could end within two to three weeks. Trump also stated that Iran does not necessarily need to reach an agreement for the conflict to wind down, a development that strengthened optimism among investors globally.
Gold Extends Gains, Silver Falls
In the commodities market, gold and silver moved in opposite directions on Wednesday.
Silver prices in India declined due to profit booking, while gold continued its upward momentum for a third consecutive session as hopes of easing Middle East tensions improved sentiment. A softer US dollar also supported the rally in the precious metal.
On the MCX, silver prices fell 1% to ₹2,38,501 per kilogram, while gold rose 0.73% to ₹1,51,870 per 10 grams.
Currency Markets Closed
Currency markets in India remain closed on Wednesday due to the annual bank closing, which typically leads to a holiday for forex trading.
Market indicators had already hinted at a positive start for domestic equities. Gift Nifty signalled a gap-up opening, tracking upbeat global cues.
However, analysts noted that developments from the Middle East continue to influence market movements at present.
“News flow from the Middle East region is dictating the price movement at the current juncture,” market commentary indicated.
Zubair Amin is a Senior Journalist at NewsX with over seven years of experience in reporting and editorial work. He has written for leading national and international publications, including Foreign Policy Magazine, Al Jazeera, The Economic Times, The Indian Express, The Wire, Article 14, Mongabay, News9, among others. His primary focus is on international affairs, with a strong interest in US politics and policy. He also writes on West Asia, Indian polity, and constitutional issues. Zubair tweets at zubaiyr.amin
