16 April,2026 10:21 AM IST | Mumbai | mid-day online correspondent
Representational image. File pic
Continuing the bull run for the second straight day this week, Indian benchmark indices Sensex and Nifty climbed in early trade on Thursday as renewed optimism surrounded the progress in restarting US-Iran negotiations. The easing global tension has helped the current geopolitical concerns to stabilise.
Amid the positive trend in global markets, fresh foreign fund inflows also added to the markets' optimism.
The 30-share BSE Sensex jumped 619 points to 78,730.32 in early trade, whereas the 50-share NSE Nifty climbed 169.65 points to 24,400.95.
The 30-Sensex firms, Eternal, Infosys, Tech Mahindra, Bajaj Finance, Tata Steel and InterGlobe Aviation, were the major winners. Whereas Sun Pharma and Titan were the laggards.
The surge in Indian stock indices comes after the market closed sharply higher on April 15, with the Nifty reclaiming the 24,200 mark, supported by broad-based buying across sectors. Optimism was driven by expectations of renewed US-Iran negotiations, which helped ease concerns around potential oil supply disruptions and triggered a decline in crude prices. Market sentiment strengthened further after US President Donald Trump indicated that a second round of discussions could be on the table.
Earlier on Wednesday, the Sensex jumped 1,263.67 points or 1.64 per cent to settle at 78,111.24. The Nifty climbed 388.65 points or 1.63 per cent to end at 24,231.30.
Brent crude, the global oil benchmark, traded 0.04 per cent up at USD 94.97 per barrel. In Asian markets, South Korea's benchmark Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index were trading higher.
Siddhartha Khemka from Wealth Management at Motilal Oswal Financial Services, while expressing his views on the Indian stock indices, said, "The Indian equities are expected to sustain their upward bias as long as the peace talk narrative holds and crude stays in check, though FII flows and geopolitical developments will be closely watched. Indian markets had a strong session on Wednesday."
