Final Trade: Sensex rises 593 pts, Nifty crosses 23,300; all sectors end in green

Indian equity indices ended the April 2 trading session on a strong note, with the Sensex and Nifty bouncing back after two consecutive days of losses. The rally was supported by gains in banking and IT stocks, ahead of the US President Donald Trump’s tariff deadline. The White House has confirmed that the new tariffs will take immediate effect.

Broad-based rally lifts markets

The Sensex closed 592.93 points higher at 76,617.44, while the Nifty surged 166.65 points to settle at 23,332.35. The broader market also saw strong buying interest, with the BSE Midcap and Smallcap indices rising nearly 1 per cent each.

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Sectoral performance: All indices in the green

All sectoral indices closed in positive territory, with FMCG, Consumer Durables, and Realty sectors gaining between 1-3 per cent. The rally was led by a rebound in banking stocks, which had been under pressure in the past two sessions.

Top gainers and losers

Among the Nifty 50 stocks, Tata Consumer Products, Zomato, Titan Company, IndusInd Bank, and Maruti Suzuki emerged as the top gainers. On the other hand, Bharat Electronics, UltraTech Cement, Nestle India, Power Grid Corporation, and Larsen & Toubro were among the key laggards.

Market breadth remains strong

At the end of the session, market breadth remained strong with 2,496 shares advancing, 979 shares declining, and 99 shares remaining unchanged. The positive momentum indicates strong investor sentiment, with buying seen across various segments.

What’s next for the markets?

nvestors will closely watch global cues, particularly the impact of US tariffs on trade dynamics. Additionally, upcoming economic data and corporate earnings will play a crucial role in shaping market trends. With strong institutional inflows and robust fundamentals, the Indian stock market remains poised for further growth in the coming sessions.

(More to come...)