NIFTY50 soars 194 pts, SENSEX crossed 77,300; Sun Pharma, Reliance, Jio Financial top gainers

Indian equity benchmarks ended near day’s high points on Monday, supported by buying in metals, healthcare and IT stocks. Markets made positive start and maintained their upward momentum throughout the session, amid signs of easing geopolitical tensions after reports indicated that Iran has offered a new proposal to the U.S. for reopening the Strait of Hormuz and ending the war.

Some support also came as the Commerce and Industry Ministry stated that three-day trade talks between Indian and US officials concluded on April 23, 2026, with both sides agreeing to remain engaged to sustain the momentum.

Sentiments remained upbeat as Commerce and Industry Minister Piyush Goyal said India and New Zealand are set to sign a free trade agreement (FTA) on April 27, which is expected to boost trade between the two countries in the coming months.

European markets were trading in the green ahead of key interest rate decisions from major central banks, including the U.S. Federal Reserve, European Central Bank, Bank of Japan, and Bank of England. Asian markets closed mostly higher following reports that Iran has put forward a proposal to the United States regarding the reopening of the Strait of Hormuz.

The SENSEX ended at 77303.63, up by 639.42 points or 0.83% after trading in a range of 76754.20 and 77420.04. 22 stocks were advancing against 8 stocks declining on the index.

The top-gaining sectoral indices on the BSE were Utilities up by 2.50%, Healthcare up by 2.43%, Realty up by 2.35%, IT up by 2.20% and Power up by 2.05%, while there were no losing sectoral indices on the BSE.

The NIFTY50 closed at 24092.70, up by 194.75 points or 0.81% after trading in a range of 23936.20 and 24130.70. 41 stocks were advancing against 9 stocks declining on the index.

The top gainers on Nifty were Sun Pharma, up by 6.98%, and Jio Financial Services. up by 3.22%, Reliance Industries up by 2.86%, Wipro up by 2.85% and Tech Mahindra up by 2.77%. On the flip side, Shriram Finance down by 3.62%, Axis Bank down by 3.05%, Bharat Electronics down by 1.99%, Tata Consumer Products down by 1.15%, and ICICI Bank down by 0.91% were the top losers.

European markets were trading higher; Germany’s DAX gained 122.32 points or 0.51% to 24,251.30, France’s CAC rose 41.98 points or 0.51% to 8,199.80, and the UK’s FTSE 100 increased 10.13 points or 0.1% to 10,389.21.