The domestic equity benchmarks traded with significant gains in morning trade, tracking a global market rally amid hopes of easing Middle East tensions involving Iran. Sentiment improved after Donald Trump said the conflict could end within three weeks, while Iran signaled willingness to resolve the crisis.
The positive geopolitical cues boosted investor confidence across regions. Meanwhile, the U.S. dollar remained under pressure and Treasury prices continued to rise. Additionally, the start of a new month, quarter, financial year, and F&O series supported fresh market positioning.
The Nifty traded above the 22,800 level. IT shares advanced after declining in previous two consecutive trading session.
At 10:28 ST, the barometer index, the S&P BSE Sensex, surged 1,530.06 points or 2.10% to 73,442.94. The Nifty 50 index zoomed 470.10 points or 2.11% to 22,801.50.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 2.58% and the BSE 250 SmallCap Index jumped 3.04%.
The market breadth was strong. On the BSE, 3,564 shares rose and 380 shares fell. A total of 117 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 10.03% to 25.09.
Buzzing Index:
The Nifty IT index added 3.78% to 30,161.30. The index declined 1.62% in previous two consecutive trading session.
Coforge (up 6.31%), LTIMindtree (up 5.61%), Tata Consultancy Services (up 4.64%), Infosys (up 4.03%) and Mphasis (up 3.99%), Persistent Systems (up 3.79%), Oracle Financial Services Software (up 3.65%), Wipro (up 3.38%), HCL Technologies (up 2.85%) and Tech Mahindra (up 2.49%) added.
Stocks in Spotlight:
Pace Digitek jumped 8.91% after the company announced that it has received a letter of acceptance (LoA) worth Rs 494.54 crore from NTPC for a battery energy storage project.
Escorts Kubota rallied 3.61% after the company’s tractor sales jumped 6.6% to 12,119 units in March 2026 compared with 11,374 tractors sold in March 2025.
Texmaco Rail & Engineering surged 9.85% after the company received an order worth Rs 357.11 crore from JSW Group for the manufacture and supply of BLSS, BLCS, and BFNV rakes along with BVCM wagons.