Stock markets rally for fourth day; Sensex jumps over 500 points

Stock market benchmark indices Sensex and Nifty ended higher on Tuesday (April 7, 2026), as a drop in crude oil prices and a rally in global markets calmed investors’ sentiment.

Also, buying in IT stocks aided recovery in the markets after early losses.

The 30-share BSE Sensex jumped 509.73 points, or 0.69%, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points.

The 50-share NSE Nifty climbed 155.40 points, or 0.68%, to end at 23,123.65.

From the 30-Sensex firms, Tata Consultancy Services, HCL Tech, Infosys, Bharti Airtel, Sun Pharma, and Hindustan Unilever were among the major gainers.

InterGlobe Aviation, Adani Ports, Mahindra & Mahindra, and Titan were among the laggards.

Brent crude, the global oil benchmark, dropped 0.71% to $109 per barrel.

“Indian markets staged a sharp intra-day recovery, with Nifty reversing early losses to reclaim higher levels, driven largely by short-covering and selective sectoral strength rather than broad-based buying conviction,” Hariprasad K., Research Analyst and Founder, Livelong Wealth, said.

A key driver of today’s rally was strong outperformance in the IT sector, which acted as a defensive anchor, he said.

In Asian markets, South Korea’s benchmark Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index ended higher. Markets were closed in Hong Kong for a holiday.

European markets were trading in positive territory, while U.S. markets ended higher on Monday (April 6).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹8,167.17 crore on Monday (April 6), according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth ₹8,088.70 crore.

On Monday (April 6), the Sensex jumped 787.30 points, or 1.07%, to settle at 74,106.85. The Nifty edged higher by 255.15 points, or 1.12%, to end at 22,968.25.