Mumbai: Indian equity markets kicked off the new financial quarter on a strong footing, with the BSE Sensex soaring more than 2,000 points during early trading on Wednesday. The rally came as investor sentiment improved following easing geopolitical concerns linked to the ongoing tensions in West Asia.
At the opening bell, the Sensex jumped nearly 1,600 points, while the Nifty 50 advanced around 500 points. Both indices continued to climb as trading progressed, reflecting renewed optimism among investors after the sharp downturn witnessed in March.
Market experts attributed the rebound to global cues, particularly from the United States, where stocks rallied overnight. The S&P 500 rose by 2.5 per cent, while the Dow Jones Industrial Average gained 2.9 per cent. The tech-heavy Nasdaq Composite led the surge with a 3.8 per cent increase.
The global rally followed remarks by US President Donald Trump, who indicated that American forces could withdraw from Iran within the next two to three weeks. His statement raised hopes of a potential de-escalation in the conflict, which has been weighing heavily on global markets.
Market participants are expected to closely track geopolitical updates and global economic signals in the coming days, which could influence the trajectory of equities in the near term.
