{"id":2143,"date":"2026-04-08T23:22:10","date_gmt":"2026-04-08T17:52:10","guid":{"rendered":"https:\/\/newsaxis.com\/?p=2143"},"modified":"2026-04-08T23:22:10","modified_gmt":"2026-04-08T17:52:10","slug":"market-cheers-ceasefire-in-biggest-rally-this-year-so-far-sensex-jumps-nearly-2950-points","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=2143","title":{"rendered":"Market cheers ceasefire in biggest rally this year so far, Sensex jumps nearly 2,950 points"},"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=\"2144\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-4.jpg\" alt=\"\" class=\"wp-image-2144\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-4.jpg 273w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-4-205x300.jpg 205w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains.<\/p>\n\n\n\n<p>The positive momentum came amid easing global tensions and steady domestic policy signals.<\/p>\n\n\n\n<p>The Nifty closed 3.78 per cent higher, gaining 873.70 points to end at 23,997.35. Meanwhile, the Sensex surged 3.95 per cent, rising 2,946.32 points to settle at 77,562.90.<\/p>\n\n\n\n<p>Commenting on Nifty technical outlook, experts said that from a technical standpoint, the 23,700\u201323,600 zone remains a key immediate support.<\/p>\n\n\n\n<p>\u201cA breakdown below this range could trigger profit booking. On the upside, a decisive breakout above the 24,500 resistance zone is required to confirm continuation of the current uptrend and unlock further upside potential,\u201d an analyst stated.<\/p>\n\n\n\n<p>Investor sentiment improved significantly after geopolitical concerns showed signs of cooling and the central bank maintained policy stability.<\/p>\n\n\n\n<p>Among the top performers in the Nifty index were Shriram Finance, Tata Motors Passenger Vehicles, and Adani Enterprises, which saw strong buying interest.<\/p>\n\n\n\n<p>Broader markets also participated in the rally. The Nifty MidCap index climbed 4.03 per cent, while the Nifty SmallCap index rose 4.39 per cent.<\/p>\n\n\n\n<p>On the sectoral front, the Nifty Realty and Nifty Auto indices led the gains &#8212; reflecting strong performance in real estate and automobile stocks.<\/p>\n\n\n\n<p>However, the Nifty IT index lagged behind and recorded the smallest gains among sectors.<\/p>\n\n\n\n<p>Domestically, the Reserve Bank of India provided stability by keeping key interest rates unchanged in its April monetary policy review.<\/p>\n\n\n\n<p>The Monetary Policy Committee decided to maintain the benchmark repo rate at 5.25 per cent and continued with its neutral policy stance.<\/p>\n\n\n\n<p>The Marginal Standing Facility (MSF) rate and the Standing Deposit Facility (SDF) rate were also left unchanged at 5 per cent and 5.5 per cent, respectively.<\/p>\n\n\n\n<p>Global cues further supported market sentiment. President Donald Trump announced that the United States had agreed to pause a planned attack on Iran\u2019s infrastructure for two weeks.<\/p>\n\n\n\n<p>Analysts said that a combination of supportive domestic policy and improving global conditions helped drive the strong rally in Indian equities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains. The positive momentum came amid easing global tensions [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2143","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\/2143","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=2143"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2143\/revisions"}],"predecessor-version":[{"id":2145,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2143\/revisions\/2145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/2144"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}