New Delhi | April 1, 2026
Indian stock markets are poised for a sharp gap-up opening in the first trading session of FY27, tracking a strong global risk-on rally after signs emerged that the US-Iran conflict could move toward de-escalation within two to three weeks.
The GIFT Nifty was trading around 22,791–22,803, up nearly 350–370 points, indicating that the Nifty 50 and Sensex may recover strongly after Monday’s intense sell-off, when the benchmark ended near 22,331.
Why Markets Are Rising Today
The biggest trigger behind today’s expected rebound is the sharp improvement in global sentiment.
- Wall Street rallied strongly overnight
- Dow Jones: +2.9%
- S&P 500: +2.5%
- Nasdaq: +3.8%
- Asian markets are surging
- Kospi: +5%
- Nikkei 225: +3.9%
- CSI 300: +1.3%
- Hang Seng: +1.9%
The rally follows comments from US President Donald Trump, who suggested the war with Iran could end within two to three weeks, boosting hopes of easing geopolitical and crude oil risks.
Oil Still a Key Watchpoint
Despite the truce optimism, Brent crude remains elevated at $105.46 per barrel, up 1.43%, after US crude production data showed a steep monthly decline.
This means energy-sensitive sectors like aviation, paints, autos, and logistics may still remain volatile, even as broader markets attempt a relief rally.
Stocks in Focus Today
Key stocks likely to remain active in today’s trade:
- Bharti Airtel
- Adani Ports
- IndiGo
- Sammaan Capital
- Coforge
- GRSE
- Ireda
- TVS Holdings
Sammaan Capital will remain particularly in focus after Abu Dhabi-based IHC, through Avenir Investment RSC, acquired promoter status with an initial ₹5,652 crore investment.
Technical Levels to Watch
After Monday’s close near 22,331, analysts say the 200-week EMA around 21,900 remains the key long-term support zone.
- Immediate upside zone: 22,800–22,900
- Major resistance: 23,000
- Key support: 21,900
A sustained move above 22,800 could trigger short covering and improve near-term sentiment.
Market View
Today’s move is likely to be a relief rally led by global cues, but traders should watch whether gains sustain beyond the opening hour, especially with crude oil, rupee volatility, and FII flows still dictating the bigger trend.
