Mumbai, India — April 2, 2026
India’s benchmark indices staged a sharp recovery on Thursday after a steep opening decline, with late-session buying in IT heavyweights helping the market close in positive territory.
The BSE Sensex rose 185.23 points (0.25%) to settle at 73,319.55, while the NSE Nifty 50 gained 33.70 points (0.15%) to close at 22,713.10.
Early Sell-Off Followed by Strong Recovery
Markets witnessed heavy volatility during the session. In early trade, the Sensex plunged as much as 1,588.51 points to hit an intraday low of 71,545.81.
However, sentiment improved sharply in the second half of the session, erasing losses and pushing both indices into the green by closing.
IT Stocks Lead the Market Rebound
The recovery was largely driven by strong buying in blue-chip IT stocks, as investors stepped in at lower levels.
Shares of major IT companies including HCL Technologies, Tech Mahindra, Tata Consultancy Services, and Infosys surged by up to 3%, lifting overall market sentiment.
Other gainers included Maruti Suzuki India, Bajaj Finance, HDFC Bank, and ITC Limited.
Lagging Stocks Cap Gains
Despite the recovery, several heavyweight stocks ended lower, limiting the upside. Key laggards included Reliance Industries, State Bank of India, NTPC Limited, Power Grid Corporation of India, and Adani Ports and Special Economic Zone.
Sectorally, IT emerged as the top-performing segment, gaining up to 2%, while other sectors remained mixed.
Rupee Posts Strongest Gain in 13 Years
In a major boost to sentiment, the Indian rupee recorded its biggest single-day gain in 13 years against the US dollar.
The rupee strengthened sharply to close at 93.10 per dollar, reflecting strong currency market momentum alongside equity recovery.
Key Takeaways
- Sharp Intraday Recovery: Sensex rebounds over 1,500 points from day’s low
- Closing Gains: Sensex up 185 pts, Nifty rises 33 pts
- IT Sector Rally: Blue-chip IT stocks drive market sentiment
- Mixed Breadth: Gains capped by weakness in select heavyweights
- Currency Boost: Rupee logs strongest one-day rise in over a decade
