Indian Stock Market Sees Significant Gains Amid Ongoing Global Tensions

Market Overview

On Wednesday, the Indian Stock Market commenced trading on a positive note, surging by 1,814.88 points, which translates to a 2.52% increase, reaching a total of 73,762.43. The Nifty50 index also experienced a rise, gaining 567.60 points or 2.54%, opening at 22,899. At the start of the session, 2,369 stocks advanced, while 351 declined, and 172 remained unchanged.

Among the top performers on the Nifty were Shriram Finance, Trent, Bajaj Finance, L&T, and Interglobe Aviation. The automotive sector showed strong performance as well, with shares of Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Hyundai Motor India, Ashok Leyland, Eicher Motors, Bajaj Auto, and TVS Motor expected to be in the spotlight today, as these companies prepare to release their sales figures for March.

However, the Nifty India Volatility Index indicated some apprehension regarding near-term uncertainties, dropping 15.2% to 23.65. The ongoing crisis in West Asia has been a significant contributor to the fluctuations in the stock market, resulting in a weakened Rupee and a steady outflow of foreign investments. In response to rising global oil prices due to the conflict, the government has increased the price of commercial LPG by Rs 195.50, bringing the cost of a 19-kg cylinder to Rs 2,078.50 in Delhi, as reported by state-owned oil companies.

On the last trading day of the financial year 2026, the Indian stock market closed on a low note, with the Sensex dropping 1,730 points and the Nifty falling 523 points to settle at 22,296. Over the financial year 2025-26 (FY26), the Sensex has decreased by 4.9%, while the Nifty 50 has seen a decline of 2.97%. This downturn is reminiscent of the 23.8% drop in the Sensex during the Covid crisis in FY20. The stock market was closed on March 31 in observance of Shri Mahavir Jayanti.