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Informist, Monday, Apr. 6, 2026

 

By Arya S. Biju

 

MUMBAI – After a choppy first half, benchmark equity indices rose steadily in the remaining session and closed higher after reports said Pakistan has brokered and sent the framework of a plan to the US and Iran calling for a 45-day ceasefire and reopening of the Strait of Hormuz. Domestic headline indices closed over 1% higher each Monday. "However, overall risk appetite remains cautious due to persistent inflationary pressures and concerns over potential disruptions to global trade," Vinod Nair, head of research at Geojit Investments said in a note.

 

The Nifty 50 index settled at 22968.25 points, up 255.15 points or 1.1%. The BSE Sensex closed at 74106.85, up 787.30 points or 1.1%.

 

The ceasefire framework, put together by Pakistan, outlines a two-step approach--an immediate ceasefire followed by negotiations toward a broader and long-term agreement, Reuters reported, citing a source. A ceasefire would take effect immediately, reopening the Strait of Hormuz, with 15–20 days to finalise a broader settlement. "All elements need to be agreed today," the report quoted the source as saying. Earlier on Sunday, US-based Axios reported that the US, Iran and regional mediators were discussing a potential 45-day ceasefire as part of a two-phase deal that could lead to a permanent end to the war. This follows a fresh round of threats issued by US President Donald Trump Sunday, during which he said the US will attack Iran's power plants and civilian infrastructure if Tehran failed to fully reopen the Strait of Hormuz by Tuesday.

 

Reacting to Trump's remark, oil prices rose and major equity indices in the Asia-Pacific region remained mixed in early trade Monday. After rising nearly 3% to an intraday high of $111.89 per barrel, the June futures contract of Brent crude declined, but it was still above the $107-per-barrel mark, at 1530 IST.  

 

During the day, the Nifty 50 index neared the important resistance zone of 23000 points. It rose 1.3% to an intraday high of 22998.35 points. Some analysts also attributed the rally in the second half of Monday's session as a follow-through of the recovery seen on Thursday. "In the last couple of sessions, one thing has become very clear that any dip and every dip has been bought," Akshay Chinchalkar, managing partner and head of market strategy at The Wealth Co., said. "So one of the things we've been seeing is the 21700 to 22000 (points) area is absolutely critical for what happens next."  

 

Broader market indices also ended higher after a choppy start, with mid-cap indices closing 1.4-1.6% higher and small-cap indices ending 1.1–1.4% up. After trading higher for most of the session, the India Volatility index closed at 25.4675, slightly down from the previous close. 

 

Barring Nifty Media and Nifty Oil & Gas, all sectoral indices closed in the green, up 0.1-2.6%. The Nifty Consumer Durables was the top gainer among sectoral indices, with almost all of its constituents rising around 1–3%. Most banking stocks rose Friday after announcing steady credit growth and healthy deposits across names for the quarter ended March. The Nifty Bank, Nifty Private Bank, and Nifty PSU Bank closed 2.1-2.3% higher. 

 

Shares of jewellery companies such as Senco Gold, Kalyan Jewellers, Titan Co. and P.N. Gadgil Jewellers rallied after the government reduced the base import prices of gold and silver, easing duty burden and improving margin outlook for the sector. The Central Board of Indirect Taxes and Customs on Thursday lowered the base import price of gold $126 to $1,526 per 10 grams, while silver prices were cut $393 to $2,427 per kilogram. 
 

Among individual stocks, Reliance Industries fell over 3% and was the worst hit among Nifty 50 constituents. The stock fell amid a spike in crude oil prices after US President Donald Trump threatened to destroy Iranian power plants and bridges if the Strait of Hormuz is not opened. However, some analysts said Monday's fall is rather technical, with the stock's recent outperformance. Trent, on the other hand, rose nearly 8% and was the top gainer in the 50-stock index after it said it expects to post its highest quarterly top-line growth in 2025-26 (Apr-Mar) in the March quarter, at 20.2% on year. The company had posted revenue growth between 16% and 20% in all other quarters of FY26.

 

* Of the Nifty 50 stocks, 45 rose and 5 fell

* Of the Sensex stocks, 28 rose and 2 fell

* On the NSE, 2,511 stocks rose, 746 fell, and 89 were unchanged

* On the BSE, 3,193 stocks rose, 1,173 fell, and 178 were unchanged

* Nifty Consumer Durables: up 2.6%; Nifty Financial Services: up 2.3%; Nifty Oil & Gas: down 1.4%

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BSE                                                NSE

Sensex: 74106.85, up 787.30 points or 1.1%      Nifty 50: 22968.25, up 255.15 points or 1.1%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 93.0600

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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