Sensex jumps 600 pts in 2026, Nifty above 24,000

Markets rebound after weak sessions

Indian equity benchmarks rebounded as global equity markets turned positive and risk appetite improved. Reports linked the day’s rise to easing West Asian tensions, including an Iran peace proposal development. The Sensex gained around 600 points in the rebound, while the Nifty moved back above the 24,000 zone and, in another update, above 24,050. The move followed a volatile stretch in which traders were reacting to changing global cues and shifts in crude oil prices. Buying was visible across sectors during the rebound, helping the market recover from recent pressure. Broader market indices also participated, with the midcap and smallcap gauges rising more than 1% each in one of the updates.

What supported the upside move

A key support was the improvement in global market sentiment, which typically feeds into domestic risk-taking on days when overseas markets are steady. Cooling tensions in West Asia helped reduce immediate anxiety around energy supply and geopolitical disruption. Market commentary also pointed to Brent crude stabilising near USD 94 per barrel, with another mention of USD 95 per barrel as a level investors were watching. For India, crude remains a market-moving input because it can influence inflation expectations and fiscal sentiment. The GIFT Nifty also served as an early signal in the build-up to the session, indicating a cautious but steady start, hovering around 24,405 in early trade in one update. Despite weak cues from US markets noted alongside this GIFT Nifty reading, stability around the open was seen as a constructive signal.

Sectoral breadth turns positive

One live update described buying across sectors with metal, IT, healthcare, power, and realty up 1-2%, with “all sectors in the green” at that point. Another note highlighted the rally as broad-based, with Nifty Bank and Nifty Realty leading gains during the day. At the same time, the IT sector was also described as “under pressure” in a separate update, with TCS, Infosys, and Tech Mahindra trading lower. The day’s tape, taken together, showed rotation within the market rather than a single-sector move. Financial heavyweights such as ICICI Bank and HDFC Bank were cited as providing a cushion following robust Q4 earnings, supporting the index even when select pockets were softer.

Stocks in focus: gainers and losers

Stock-specific moves were also visible within the index. In one Nifty movers list, Sun Pharma, Adani Ports, Kotak Mahindra Bank, Eternal, and JSW Steel were among major gainers. In the same snapshot, Axis Bank, Shriram Finance, and Reliance Industries were among the losers. Another update, from a different moment in the session, described Axis Bank and InterGlobe Aviation (IndiGo) leading a rally with gains of 1.34% and 1.32% respectively, indicating changing leadership as the day progressed. Adani Ports was highlighted as trading at 1,594.60 (up 1.08%) and hitting a 52-week high. SBI Life was described as under pressure, down nearly 3.9%.

Liquidity signals: FII outflows versus DII support

Flows remained a key part of the narrative. Market participants were weighing continued foreign selling against domestic support. One update pegged FII outflows at approximately Rs 1,060 crore on Monday, while domestic institutional investors were said to have bought nearly Rs 2,967 crore. That divergence matters because it can shape the durability of intraday rebounds, especially when global cues are changing quickly. The same flow picture can also influence sector leadership, with domestic investors often active in large financials when volatility rises.

How the week’s volatility framed the rebound

The rebound came against the backdrop of sharp declines seen in prior sessions. In the April 24 closing update, markets extended losses for a third straight session amid weak global cues and rising volatility. The Nifty slipped below the 24,000 mark at that time, and the Sensex tumbled over 900 points in a broad selloff. Market breadth remained weak in that session, with an advance-decline ratio of 1:3, reflecting heavy pressure across stocks. By the close on April 24, the Nifty 50 was reported at 23,897.95, down 275.10 points or 1.14%, with a day range of 23,813.65 to 24,206.00.

Technical levels highlighted in the commentary

A short-term technical outlook referenced the Nifty trading near the 24,500-24,600 zone after a recovery and breakout above resistance levels. The same note said a sustained breakout above 24,600 would be important to validate upside towards 24,800-25,000. On the downside, the 24,400-24,300 zone was flagged as immediate support, described as a prior resistance area that could act as support. Separately, a trading note listed “Buy Above 24035.31” with levels marked R1 24121.63 and R2 24211.87. These levels were presented as reference points used by market participants during the session.

Key data points at a glance

Market impact: what changed on the day

The rebound highlighted how quickly sentiment can shift when geopolitical risk appears to cool and global markets stabilise. The rise being broad-based, with midcaps and smallcaps up more than 1% each in one update, suggested buying was not limited to a narrow set of index heavyweights. At the same time, the presence of losers among large stocks such as Axis Bank and Reliance Industries in one snapshot showed the market remained selective. Crude oil staying near the mid-USD 90s kept energy sensitivity in focus, with ONGC mentioned as rising as a hedge against Brent crude. With FIIs still net sellers in the cited flow data, sustained support from domestic institutions remained a key offset during volatile stretches.

Conclusion

Sensex and Nifty’s rebound, with the Nifty pushing back above 24,000, was linked to improved global cues and signs of easing West Asia tensions. Investors also tracked sector rotation, stock-specific leadership, crude oil levels, and the push-pull between FII outflows and DII buying. The next set of triggers highlighted in the updates included Q4 results due from companies such as HCL Tech, Nestle India, and Tata Elxsi, which were expected to keep single-stock moves active.