Markets rebound on de-escalation hopes, Nifty above 22,600

The domestic share market traded on a positive note on Wednesday with Nifty above 22,600  on possible de escalation of war between US-Iran. 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.
Interglobe Aviation, Adani Ports, Adani Enterprises, Trent, Bharat Electronics were the top gainers on the Nifty, while losers included Dr Reddy's Labs, HDFC Life, Cipla, NTPC, Sun Pharma.On the sectoral front, 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%.Nifty Midcap index added 2.2 percent and smallcap index rose 3.3%.
On April 1, 2026, the Indian Rupee (INR) market is closed due to the annual closing of bank accounts.  
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,Indian equity markets opened FY27 on a strong note, driven by improving risk appetite following US President Donald Trump's remarks hinting at a potential resolution to the West Asia conflict.Broad based buying lifted benchmark indices, with mid- and small-cap stocks outperforming large caps, aided further by a stabilising rupee and softening crude oil prices. Sectoral rotation from defensives toward cyclicals was evident, with banking, chemicals, metals, and realty emerging as the key outperformers of the session.Nevertheless, elevated bond yields and intraday volatility capped gains, keeping the overall advance measured rather than emphatic. Despite the constructive tone, markets may remain sensitive to sudden reversals in the evolving geopolitical landscape going forward.
Market experts recommended five shares to buy on Wednesday- GlaxoSmithKline Pharmaceuticals, Ipca Laboratories, RHI Magnesita India, Sammaan Capital, and KSB.

(Business Correspondent)