Markets stage relief rally up 1.6% after two day rout

The benchmark stock indices were up 1.6% after two day rout, staging a relief rally on 1, April 2026.

Nifty 50 was up 1.56% , closing at 22,679.40 points and Sensex was up 1.6% to 73,134.32 points. The markets opened more than 2% up when NIfty 50 opened 22,899.00 points and Sensex opened 73,762.43 points and after trading at the level for the better part of the session, the indices dipped to the day’s close.

The rally was a bit more broadbased unlike the other relief rallies after the Iran war with 15 of the 21 sectoral nifty indices with positive returns an just voer 500 stocks amongthe 3321 that traded declining.

The rally is mostly on account of some green shoots visible in the current West Asian crisis as US President Donald Trump said that the U.S. was considering leaving Iran and that he would update the nation about the situation on Thursday. Meanwhile China and Pakistan proposed a five-point peace plan.

“Today’s recovery marks the fifth pullback attempt since the ongoing war scenario began, following four failed efforts. A bullish RSI divergence on the daily chart raises hopes for sustainability, with 22,283 now eyeing key support. Upside resistance looms at 23,000,” said Nandish Shah – Deputy Vice President, HDFC Securities