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Indian Markets Rebound Amidst Geopolitical Tensions
28 Apr
Summary
- Sensex and Nifty 50 ended higher, snapping a three-day losing streak.
- Value buying emerged in Sun Pharma, Reliance Industries, banking, and IT stocks.
- Global headwinds from the US-Iran war continue to linger over the market.
The Indian stock market experienced a positive turnaround on April 27, 2026, with both the Sensex and Nifty 50 indices closing in the green. This marked an end to a three-day losing streak, driven by strategic value buying across key sectors.
Leading the charge were index heavyweight Reliance Industries and pharmaceutical major Sun Pharma. Select banking and information technology stocks also saw significant buying interest, contributing to the upward momentum. This resurgence occurred even as geopolitical tensions stemming from the US-Iran conflict continued to cast a shadow over global markets.
The BSE Sensex concluded the trading session at 77,304, marking a gain of 639 points, equivalent to a 0.83% increase. Concurrently, the NSE Nifty 50 closed at 24,093, up by 195 points or 0.81%. Stocks within the Reliance group, including Reliance Industries and Jio Financial Services, registered gains exceeding 3% each.
