Indian equity benchmark indices, the Sensex and Nifty, opened gap up amid strong global cues on Wednesday, after comments from US President Donald Trump fueled optimism that the conflict with Iran may ease in the near term. While the 30-share BSE Sensex surged 1,814.88 points or 2.52 per cent to start the session at 73,762.43, the Nifty added 567.6 points to open at 22,899. In the last trading session, the Sensex closed at 71,947.55 and the Nifty 50 at 22,331.40. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 408.66 points, or 2.77 per cent, in the early trading session, the BSE Smallcap Select Index was up by 169.90 points or 2.44 per cent, to trade at 7,121.82.
“Based on the current market structure, 22,500/72,500 could pose a significant hurdle for the market in the short term. Below these levels, the market could soon decline to 22,100/22,000/71,300/71,000. A close below 22,000/71,000 would raise further concerns. However, given the current pattern of sudden price declines in a short period of time, medium- to long-term investors may be tempted to invest in certain stocks. Above 22700/73100, we may see some short covering, which could take the index towards 22900/73700 levels. The strategy should be to buy certain stocks between 22100-22000/71300-71000,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
What did Gift Nifty indicate?
Gift Nifty, an early indicator for the Nifty 50, indicated a strong positive start as it opened with a gain of 445 points at 22,877.50, compared to the previous close of 22,432.50. Foreign Institutional Investors (FIIs) continued their selling streak and offloaded equities worth Rs 11,163.06 crore on March 30, 2026. However, Domestic Institutional Investors (DIIs) largely offset the outflows with purchases of Rs 14,894.72 crore.
Asian Markets Today
Asian stocks bounced back on Wednesday after US stocks soared on renewed hopes that the Iran war could soon end. While Japan’s Nikkei 225 surged 2,195.28 points or 4.30 per cent to trade at 53,259. Similarly, Hong Kong’s Hang Seng was up by 589.86 points or 2.30 points. South Korea’s Kospi traded in the green with a gain of 356.24 points at the time of writing the report. Shanghai’s SSE Composite index gained 52.94 points or 1.36 per cent.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
