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Indian benchmark indices rebounded on Wednesday as the Nifty 50 reclaimed the 24,100 mark and the Sensex surged over 600 points. Despite Brent crude soaring to $111 per barrel and the rupee hitting a record low of 94.81, a wave of strong Q4 earnings from heavyweights like Maruti Suzuki, Bandhan Bank, and CEAT fueled investor optimism. While West Asia tensions and the UAE’s exit from OPEC+ weighed on global sentiment, domestic buying by DIIs helped markets overcome persistent FII outflows.
Indian equities ended Tuesday’s volatile trade on a weak note, with benchmark indices surrendering early gains as global risk-off sentiment and rising crude prices triggered profit booking. The 30-share BSE Sensex closed 416.73 points, or 0.54%, lower at 76,886.91 after swinging 752 points intraday between a high of 77,493.53 and low of 76,741.06. The NSE Nifty 50 settled at 24,013.95, down 78.75 points or 0.33%, after briefly reclaiming 24,100 levels.
Bulls returned to Dalal Street on Monday, April 27, 2026, as the Nifty 50 surged over 200 points to settle at 24,109.55, shrugging off a spike in Brent crude to $108.5. The rally was ignited by Sun Pharma’s historic $11.75 billion all-cash acquisition of U.S.-based Organon & Co., the largest outbound pharma deal in Indian history. Market sentiment was further bolstered by the signing of a landmark Free Trade Agreement (FTA) with New Zealand, promising zero-duty access for Indian textiles and engineering goods. Despite the shadow of a security breach at the White House Correspondents’ Dinner and ongoing supply chain disruptions in the Strait of Hormuz, strong domestic buying and a 1.3% jump in midcaps ensured a decisive win for the bulls
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