Stock Market Rises on First Day of Fiscal Year, Sensex Up by 1,187 Points
Mumbai, April 1 — On the first day of the current fiscal year, the local stock market experienced a surge, with the BSE Sensex rising by 1,187 points, while the NSE Nifty gained 348 points. The domestic market benefited from a positive trend in global markets amid hopes of reduced tensions in West Asia.
The BSE Sensex, which is based on thirty stocks, closed at 73,134.32 points, up by 1,186.77 points or 1.65 percent. During trading, it recorded a peak increase of 2,017.03 points, reaching 73,964.58 points.
The NSE Nifty, based on fifty stocks, closed at 22,679.40 points, up by 348 points or 1.56 percent.
The decline in crude oil prices also bolstered market sentiment. Among the companies included in the Sensex, Trent, InterGlobe Aviation, Adani Ports, Bharat Electronics, State Bank of India, and Eternal were notably in profit.
Conversely, shares that faced losses included NTPC, Sun Pharma, Power Grid, UltraTech Cement, and Bharti Airtel.
In other Asian markets, South Korea's KOSPI, Japan's Nikkei, China's Shanghai Composite, and Hong Kong's Hang Seng were also on the rise.
Major European markets showed a positive trend during afternoon trading. US markets were bullish on Tuesday.
The CEO of online trading company Enrich Money noted that Indian stock markets had a positive start to the new fiscal year, driven by expectations of reduced conflict in West Asia and alleviated energy supply issues.
He mentioned that President Trump's comments contributed to the market's rise, as Trump indicated that the US could exit Iran regardless of whether a deal is reached, providing broad relief to global risk assets.
Vinod Nair, head of research at Geojit Investments, stated that the trend of risk-taking improved following President Trump's statements hinting at a potential resolution to the West Asia conflict, leading to a strong start for Indian stock markets in the fiscal year 2026-27.
Global oil benchmark Brent crude fell by 0.22 percent to $103.7 per barrel.
The stock market remained closed on Tuesday in observance of 'Mahavir Jayanti.'
According to stock market data, foreign institutional investors (FIIs) sold shares worth ₹11,163.06 crore on Monday, while domestic institutional investors (DIIs) purchased shares worth ₹14,894.72 crore. The Sensex had dropped by 1,635.67 points on Monday, while the Nifty fell by 488.20 points.
