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Informist, Friday, Apr. 10, 2026

 

By Arya S. Biju

 

MUMBAI – The domestic market saw its best week in over five years, as it took a breather after its recent sharp fall. The headline indices rose around 6% each on a weekly basis, snapping a six-week losing streak. Though a two-week ceasefire between the US and Iran raised hopes of a faster resolution to the war, hopes faded after the truce showed signs of strain, renewing concerns that the conflict in West Asia could escalate again and disrupt energy supplies.

 

The Nifty 50 Friday settled at 24050.60 points, up 275.50 points or 1.2%. The BSE Sensex closed at 77550.25 points, up 918.60 points or 1.2%. Over the week, the headline indices rose around 6%, marking the highest weekly gain in over five years. The last time the indices grew over 6% in a week was in February 2021.

 

The headline indices rose sharply amid mixed global cues. "Nobody knows what is behind the rise in market today, to be honest, because many a times these are more technical factors," said Himanshu Pravinchandra Pandya, an investment advisor registered with the Securities and Exchange Board of India and founder of HP Private Wealth Advisory Services. After the sharp fall in March, many stocks are in the oversold territory, attracting buying interest. "By and large, I think it was really overdone by the end of March," he added. 

 

Crude oil prices continued to rise Friday as traffic of ships through the Strait of Hormuz remained limited and amid continued Israeli strikes on Lebanon even after the former's Prime Minister Benjamin Netanyahu signalled interest in talks with the latter. Netanyahu's comment came after US President Donald Trump delivered a stern message to him in a phone call, according to a report by The Wall Street Journal. Lebanese officials said they sought talks that would lead to lasting peace but were first seeking an immediate pause in Israeli strikes, the report said.

 

Even though Iran agreed to allow safe passage for ships through the Strait of Hormuz as part of the two-week ceasefire, several reports suggested that Iran has again shut the passage in retaliation to Israeli attacks on Lebanon. "There are reports that Iran is charging fees to tankers going through the Hormuz Strait — They better not be and, if they are, they better stop now," Trump said in a social media post Thursday.

 

In another development, Saudi Arabia revealed the extent of the damage to production and pipeline flows from the recent attacks. A recent attack on a pumping station on its East-West pipeline led to a loss of 700,000 barrels per day in throughput, Saudi Press Agency reported Thursday, citing a source in the country's energy ministry. Strikes on its facilities have reduced its production capacity by 600,000 barrels per day.

 

Back home, all the broader market indices ended higher mirroring gains in their benchmark peers. The small-cap indices closed 1.6-1.7% higher and their mid-cap peers ended 1.3-1.6% up. The India Volatility index ended nearly 8% lower at 18.8500, after rising sharply in the previous session. 

 

On the sector front, buying interest was visible across banking, financial services, automobile, and realty stocks. Analysts flagged sector rotation from defensive stocks to sectors such as financials as investors entered risk-on mode on expectations that the market may remain at similar levels after its sharp correction since the beginning of the US-Iran war. All the negative news till now has already been priced in and until further significant negative or positive triggers emerge, the market is expected to remain in a range, according to analysts.

 

Most information technology stocks fell as fear over disruptions from advances in artificial intelligence returned to the forefront following a ‌recent update from US-based AI company Anthropic. The largely inline March quarter earnings of sector bellwether Tata Consultancy Services also failed to lift the sentiment for these stocks. The domestic IT sector had been under pressure since the start of February due to rising concerns over AI-led disruptions to revenues of IT companies. The Nifty IT index fell around 2% to 31030.60 points and was the only sectoral index to end the session in red.

 

After rising as much as 3?rly in the trade, shares of large-cap IT major Wipro came off the day's high and closed largely flat. The stock rose after the company said it will consider a buyback of equity shares for the first time in nearly three years. Morgan Stanley estimates a buyback of about $2 billion, or roughly 8.5% of the company's current market capitalisation, NDTV Profit reported citing the global brokerage.

 

Among individual stocks, Sun Pharmaceutical Industries fell around 4% on reports that the company is in the final leg of acquiring US-based Organon & Co. for $12 billion. Analysts flagged concerns that Sun Pharma would have to take over Organon's debt of $8 billion, given the former has only $3.2 billion in cash. Sun Pharma has completed over three months of due diligence and is finalising financing for the acquisition with global banks, including JP Morgan and MUFG, according to reports.

 

Coal India fell over 4?ter the company announced a reduction in coal reserve prices in its single-window, mode-agnostic e-auction segment, even as input costs continue to surge. The move signals the company's decision to absorb rising costs rather than pass them on to consumers, with a stated objective of keeping coal prices affordable and containing downstream cost pressures.

 

* Of the Nifty 50 stocks, 42 rose and 8 fell

* Of the Sensex stocks, 25 rose and 5 fell

* On the NSE, 2,666 stocks rose, 575 fell, and 101 were unchanged

* On the BSE, 3,325 stocks rose, 986 fell, and 138 were unchanged

* Nifty Auto: up 2.9%; Nifty Realty: up 2.1%; Nifty IT: up 1.9%

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BSE                                               NSE

Sensex: 77550.25, up 918.60 points or 1.2%        Nifty 50: 24050.60, up 275.50 points or 1.2%

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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 92.72

 

Edited by Ashish Shirke

 

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