Nifty above 24,200, Sensex up 1264 pts, amid positive global cues

The domestic share market indices traded on a positive note on Wednesday, led by easing geopolitical concerns following optimism around renewed US-Iran peace talks, which led to a sharp decline in crude oil prices.At close, the Sensex was up 1,263.67 points or 1.64 percent at 78,111.24, and the Nifty was up 388.65 points or 1.63 percent at 24,231.30.
Interglobe Aviation, Max Healthcare, Power Grid Corp, Wipro, Eternal were the top gainers on the Nifty, while losers included Dr Reddy's Laboratories, Bharti Airtel, ICICI Bank.On the sectoral front,all the sectoral indices ended in the green with Capital Goods, Oil & Gas, Power, Infra, Media, Realty, Consumer Durables, IT rise 2% each.Nifty Midcap and Smallcap indices up more than 2 percent each.
Rupee Close: 
On 15 Apr'26,the Indian rupee settles 9 paise lower to close at 93.44 against US dollar on Wednesday,as rising crude oil prices after a sharp fall and higher domestic inflation data dampened sentiment.According to forex analysts, strong buying in domestic equities failed to support the rupee even as it gained initially after US President Donald Trump said that a second round of talks with Iran could be held "over the next two days".
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated optimism around potential U.S.–Iran negotiations supported a broad-based market sentiment, driving oil prices below USD 100 as expectations of talks outweighed concerns over supply disruption. Despite a muted Q4 outlook, investors remain encouraged by attractive valuations and a relatively better FY27 earnings outlook, indicating that the rally could sustain momentum in the near term.The decline in India’s 10‑year bond yield and a drop in India VIX further signal stability. Sector‑wise, resilient demand expectations supported gains in the Power and Consumer Durables indices, while easing global risk sentiment enabled the IT index to outperform.
Market experts recommended five shares to buy on Wednesday- Akums Drugs and Pharmaceuticals, HBL Engineering, Sona Blw Precision Forgings, Emcure Pharmaceuticals, and NLC India.

(Business Correspondent)