- The BSE Sensex surged 1,078.87 points or 1.40% to settle at 77,984.38, after touching an intra-day high of 78,107.23.
- The NSE Nifty 50 followed suit, rising 307.95 points or 1.32% to close at 23,658.35, after hitting a high of 23,708.75 during the day.
What stood out today was the market capitalisation of NSE-listed companies, which climbed to ₹410.79 lakh crore, or $4.79 trillion, showing investor confidence and broad-based participation.
Among the 30 Sensex stocks, 24 ended in the green.
Today’s rally wasn’t just limited to frontline stocks — broader markets participated too. Both Nifty Midcap 100 and Smallcap 100 closed over 1% higher, highlighting positive sentiment across market segments.
Impact on the stock market
Sectoral performance:
Banking stocks stole the limelight, with PSU banks leading the charge, driven by sustained buying interest and strong institutional participation.
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| Sector/Index | Performance |
| IT & BPM sector | 1.40% |
| Healthcare sector | 0.36% |
| Oil & Gas sector | 1.46% |
| Real estate sector | 1.53% |
| PSU Bank in India | 3.18% |
Top gainers today
| Company | Price | Change % |
| Kotak Mahindra Share Price | 2,176.15 | 4.67 |
| NTPC Share Price | 366.95 | 4.45 |
| SBI Share Price | 780.80 | 3.66 |
| Tech Mahindra Share Price | 1,458.65 | 3.51 |
| Power Grid Corp Share Price | 291.85 | 3.09 |
Top losers today
| Company | Price | Change % |
| Titan Company Share Price | 3,079.10 | -2.64 |
| IndusInd Bank Share Price | 669.45 | -2.54 |
| Trent Share Price | 5,054.70 | -1.85 |
| M&M Share Price | 2,774.70 | -0.97 |
| Bharti Airtel Share Price | 1,718.80 | -0.41 |
Market aftermath: Impact on stocks
Persistent Systems surges 3% amid volume spike
Persistent Systems saw a sharp rise of 3%, closing at ₹5,438.65, driven by high volumes and renewed investor interest. The stock is being closely tracked after several sessions of volatile sentiment.
The company has delivered consistent earnings growth, with revenue rising from ₹3,565 crore in 2020 to ₹9,821 crore in 2024, and profit tripling over the same period.
Volume activity today suggests a potential reversal in sentiment after the stock had seen a ‘very bearish’ tone last week. This rebound could mark a shift in the market outlook towards tech stocks.
Also read: Persistent Systems Acquires Assets from SoHo Dragon
NCC jumps 4% after ₹1,480 crore order win
Shares of NCC Ltd rose 4% to ₹214, a six-week high, after the company announced a ₹1,480 crore project win from Bihar Medical Services & Infrastructure Corporation for redeveloping Darbhanga Medical College & Hospital.
This is NCC’s second major order in two weeks, following a ₹2,129 crore infrastructure contract from Andhra Pradesh Capital Region Development Authority.
The stock gained over 20% in March, recovering after a six-month slump where it lost 51% of its value. While it remains 42% below its recent peak, consistent order flows are improving investor sentiment.
With the government’s continued focus on infrastructure, NCC remains a stock to watch, especially if order momentum continues.
Manappuram Finance extends rally, up 22% in 8 sessions
Manappuram Finance continued its strong upward movement, rising over 4% to ₹243.75 intraday today. The stock has now gained 22% over eight straight sessions, fuelled by positive brokerage calls and strong volumes.
The rally comes after Bain Capital announced an investment of ₹4,400 crore for an 18% stake in the NBFC firm.
Brokerage sentiment remains optimistic:
- ICICI Securities: Buy, Target – ₹260
- IDBI Capital: Buy, Target – ₹252 (up from ₹200)
- Motilal Oswal: Neutral, Target – ₹240
With gold loan and microfinance segments showing renewed strength, and improved institutional backing, the stock seems well-positioned for near-term traction.
Crude oil sees minor correction as global talks resume
Crude oil prices fell slightly today, ahead of crucial US-Russia talks aimed at a ceasefire in the ongoing Russia-Ukraine conflict.
- Brent June futures: $71.33, down 0.39%
- WTI May futures: $68.02, down 0.38%
- MCX April crude futures: ₹5,871, down 0.49%
Traders believe that a potential ceasefire could ease sanctions on Russian oil, increasing supply in global markets. But broader uncertainty around OPEC+ production cuts and Trump’s upcoming tariff decisions (April 2) continue to keep market sentiment mixed.
Also noteworthy: natural gas futures declined 1.46%, and turmeric futures rose 1.85% on the NCDEX.
Conclusion
To sum up, today’s share market news reflected strength across the board, led by strong institutional buying, sectoral participation — particularly banking and infra — and bullish stock-specific moves.
While broader sentiment remains upbeat, upcoming global cues like tariff announcements and peace talks could add a layer of volatility. But for now, the bulls clearly hold the reins on Dalal Street.
Stay tuned for more such share market news and daily insights right here at StockGro.
