Indian markets open FY 2026-27 with Sensex nearly 1,900-point jump
Business
Indian stock markets started FY 2026-27 on a high note, with the Sensex soaring nearly 1,900 points and the Nifty up over 570 points.
This sharp rebound comes right after both indices took a big hit on March 30, dropping more than 2% following heavy foreign investor selloffs.
Markets upbeat on U.S.-Iran conflict hopes
Markets opened upbeat thanks to hopes of progress in resolving the U.S.-Iran conflict, a major worry for investors lately.
Early signs were strong, with GIFT Nifty futures pointing to a solid start.
Analysts say if global tensions cool off and oil prices stay steady, Indian markets could keep this positive momentum going.
The quick recovery after a holiday break also shows how adaptable Indian markets can be in uncertain times.