{"id":2118,"date":"2026-04-06T23:41:16","date_gmt":"2026-04-06T18:11:16","guid":{"rendered":"https:\/\/newsaxis.com\/?p=2118"},"modified":"2026-04-06T23:41:16","modified_gmt":"2026-04-06T18:11:16","slug":"sensex-nifty-extend-rally-for-3rd-day-on-hopes-of-us-iran-de-escalation","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=2118","title":{"rendered":"Sensex, Nifty extend rally for 3rd day on hopes of US-Iran de-escalation"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"273\" height=\"400\" data-id=\"2119\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-3.jpg\" alt=\"\" class=\"wp-image-2119\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-3.jpg 273w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-3-205x300.jpg 205w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, Indian equity markets ended higher for the third consecutive session on optimism surrounding a potential de-escalation in tensions between the US and Iran, lifting investor sentiment across sectors.<\/p>\n\n\n\n<p>The benchmark Nifty rose 1.12 per cent or 255 points to close at 22,968.25, while the Sensex gained 787 points, or 1.07 per cent, to settle at 74,106.85.<\/p>\n\n\n\n<p>From a technical standpoint, experts said that Nifty is approaching the immediate resistance level near 23,000, which continues to act as a key hurdle.<\/p>\n\n\n\n<p>\u201cA sustained move above this level may open the path for further upside towards 23,200,\u201d an analyst stated.<\/p>\n\n\n\n<p>\u201cOn the downside, immediate support is now placed in the 22,800\u201322,750 zone, which earlier acted as resistance and has now turned into a support area, followed by a stronger base around the 22,550 level that served as a demand zone during the session,\u201d a market expert said.<\/p>\n\n\n\n<p>The rally was driven by reports suggesting that both the US and Iran have received a proposal aimed at ending hostilities.<\/p>\n\n\n\n<p>According to these reports, a two-stage deal is being considered, with a final ceasefire agreement potentially taking shape within 15 to 120 days.<\/p>\n\n\n\n<p>The proposal reportedly includes provisions related to nuclear curbs and sanctions relief, with an \u201cIslamabad Accord\u201d being discussed as part of the framework.<\/p>\n\n\n\n<p>Investor sentiment improved on expectations that easing geopolitical tensions could stabilise global markets and reduce uncertainty, particularly in energy prices and capital flows.<\/p>\n\n\n\n<p>Among individual stocks on the Nifty, Trent, SBI Life Insurance Company, and Titan Company emerged as the top gainers, reflecting broad-based buying interest.<\/p>\n\n\n\n<p>The broader market also mirrored the positive trend, with the Nifty MidCap index rising 1.52 per cent and the Nifty SmallCap index gaining 1.29 per cent.<\/p>\n\n\n\n<p>Sectorally, construction and banking-related indices led the gains. The Nifty Construction Durable index outperformed its peers, while the Nifty PSU Bank and Nifty Bank indices also saw notable buying.<\/p>\n\n\n\n<p>However, the Nifty Oil and Gas index lagged the broader market, possibly due to volatility in crude oil prices amid ongoing geopolitical developments.<\/p>\n\n\n\n<p>Analyst said that the market momentum remained upbeat as investors tracked global cues and developments around the proposed diplomatic resolution, which could play a key role in shaping near-term market direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Indian equity markets ended higher for the third consecutive session on optimism surrounding a potential de-escalation in tensions between the US and Iran, lifting investor sentiment across sectors. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-display","has_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2118"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions"}],"predecessor-version":[{"id":2120,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions\/2120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/2119"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}