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Informist, Tuesday, Apr. 7, 2026

 

By Arya S. Biju

 

MUMBAI – Benchmark equity indices closed higher Tuesday in a choppy session, supported by gains in information technology and select metal stocks. Crude oil prices came off their highs and traded lower towards the close of the session, hovering around $109 per barrel. However, the overall sentiment remained cautious, with US President Donald Trump reiterating threats against Iran as the deadline for Tehran to reopen the Strait of Hormuz approached. 

 

After falling over 1?ch in early trade, the headline indices remained choppy for most of the session before closing 0.7% higher each. The Nifty 50 index settled at 23123.65, up 155.40 points from the previous close and the BSE Sensex ended at 74616.58, up 509.73 points. With this, the indices have closed higher for the fourth session in a row, the first since the war between the US and Iran broke out in late February. The 50-stock index managed to close above its important resistance zone at 23000 points after four sessions, a break expected to push it higher.

 

After rising nearly 2% to a high of $111.80 per barrel, the June Brent Crude futures contract began falling steadily and was trading at $109.21 per barrel at 1558 IST. Crude oil prices rose in early trade Tuesday as Trump reiterated his threat against Iran during a White House briefing late Monday. "The entire country can be taken down in one night, and that night might be tomorrow (Tuesday) night," he said.  

 

In a separate development, Israel Defence Forces on Tuesday issued a public warning urging people across Iran to refrain from using trains and railway infrastructure, saying their lives could be at risk, according to media reports. Monday, Iran rejected the ceasefire plan proposed by the US and emphasised the necessity of a permanent end to the war, IRNA news agency said. ‌The Iranian response consisted of 10 clauses, including an end to conflicts in the region, a protocol for safe passage through the critical waterway, lifting of sanctions, and reconstruction, the agency added.

 

Broader market indices closed on a mixed note, with most of them, except for Nifty Small-cap 50 and Nifty Small-cap 100, ending the session up 0.1-0.4%. Among sectoral indices, all indices except Nifty PSU Bank and Nifty Consumer Durables closed higher. The India Volatility Index, the fear gauge of Dalal Street, closed over 3% lower at 24.6950. The index swung between gains and losses for most of the session before falling steadily towards the close. 

 

Most information technology stocks rose ahead of the March quarter earnings announcement scheduled to begin on Thursday, with bellwether Tata Consultancy Services announcing its earnings. The rebound in IT stocks came after a sharp correction they saw from early February, according to technical analysts. The rise was also on the back of "valuation comfort and support from INR-related benefits," Vinod Nair, head of research at Geojit Investments, said in a note. 

 

Most metal stocks rallied Tuesday, led by gains in Vedanta and Hindalco Industries, which rose after global brokerage JPMorgan upgraded them to 'overweight' from 'neutral' and increased their target price. The brokerage cited expectations of sustained higher aluminium prices and improved profitability for the companies. Shares of most fast-moving consumer goods companies also rose on positive pre-earnings commentary from large players. 

 

Among individual stocks, Jubilant Foodworks fell 10.4% and was the top loser in the Nifty 200 index after the company reported its provisional business update for the March quarter, which missed market expectations. The company's standalone revenue for the quarter grew just 6.2% on-year, against an estimated 11% growth by brokerage firm Motilal Oswal Financial Services. Domino's India recorded a like-for-like growth of 0.2% during the quarter, against a 4% estimate from the brokerage. 

 

In contrast, shares of Gallantt Ispat rallied nearly 13.7% and were the top gainer in the Nifty 500 index after the company said its steel production and sales rose 9?ch on year to 240,000 tonnes and 230,000 tonnes, respectively, in the March quarter. Another Nifty 500 stock, Titagarh Rail Systems, rose 8.7?ter the company's subsidiary, Titagarh Naval Systems, received approval from the Ministry of Ports, Shipping and Waterways for its brownfield expansion project under the government's Shipbuilding Development Scheme. The total cost for the expansion project is around INR 6.10 billion, and the government will extend capital assistance of around INR 1.29 billion for plant and machinery under the scheme. 

 

* Of the Nifty 50 stocks, 37 rose and 13 fell

* Of the Sensex stocks, 20 rose and 10 fell

* On the NSE, 2,082 stocks rose, 1,147 fell, and 85 were unchanged

* On the BSE, 2,671 stocks rose, 1,555 fell, and 155 were unchanged

* Nifty IT: up 2.5%; Nifty Realty: up 1.7%; Nifty PSU Bank: down 0.7%

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BSE                                                NSE

Sensex: 74616.58, up 509.73 points or 0.7%      Nifty 50: 23123.65, up 155.40 points or 0.7%

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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 93.0075

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

 

Edited by Saji George Titus

 

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