New Delhi, 08 April (H.S.):
Indian equities erupted in early trade Wednesday, with benchmark Sensex and Nifty indices leaping more than 3.5% on euphoria over the US-Iran two-week ceasefire in West Asia, shrugging off brief profit-taking.
Benchmarks Power Higher After Volatile Open
The BSE Sensex opened at 77,290.63, up 2,674.05 points, dipped ~150 points on profit-booking, then roared back to 77,456.11 before settling at 77,205.80—a 2,589.22-point or 3.47% gain—by 10:15 a.m. NSE Nifty mirrored the action, launching from 23,855.15 (up 731.50 points), sliding to 23,828.50, peaking at 23,961.25, and trading at 23,883.25—a 759.60-point or 3.28% rise.
Tuesday's closes—Sensex at 74,616 (up 0.69%) and Nifty at 23,123.65 (up 0.68%)—set the stage for this geopolitical relief rally.
Gainers and Laggards Emerge
Heavyweights InterGlobe Aviation, Shriram Finance, Adani Enterprises, Adani Ports, and L&T surged 6.18-9.50%. Coal India, ONGC, Tech Mahindra, Wipro, and Sun Pharma lagged 0.29-3.19% lower.
Of 2,916 active stocks, 2,755 traded green versus 161 red; Sensex's 30 shares saw 26 advance, 4 decline; Nifty 50 had 42 gainers against 8 decliners.
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Hindusthan Samachar / Jun Sarkar
