15 April,2026 12:48 PM IST | Mumbai | mid-day online correspondent
Representational image. File pic
The Indian stock markets, amid the easing West Asia conflict, opened sharply higher on Wednesday. Market indices experienced a strong rally during the opening hours on April 15.
Nifty and Sensex gained 1.4 and 1.5 per cent respectively, thanks to the global sentiment getting a big boost from signs of progress in US-Iran talks.
The Nifty 50 index rose 1.4 per cent to 24,178.50 points in early trade on Wednesday. Whereas the BSE Sensex index also jumped 1.5 per cent or 1,112.44 points to 77,945.15 points.
Furthermore, all sectoral indices were in the green, with the Nifty IT Index as the biggest gainer during the session, rising 2.6 per cent to 31,459.00 points.
Along with the Indian indices gaining sharply, global cues were strong overnight. The Nasdaq climbed 2 per cent, while the S&P 500 finished up 1 per cent and near its record closing high, helped by hopes of a Middle East resolution and fresh US bank earnings and inflation data.
Asian shares opened higher on Wednesday, tracking Wall Street's gains. Indian stock futures also pointed to continued positive momentum.
Market expert Ajay Bagga said investors are running on "geopolitics and vibes" right now. "Markets are currently operating on a diet of 'geopolitics and vibes', where optimism about a second round of peace talks is single-handedly offsetting the friction of a naval blockade", he said. Both WTI and Brent fell after US President Trump signalled the war is "close to over", as per ANI.
Bagga further noted, "The US military naval blockade of Iranian ports is active," Bagga noted. "While a two-week ceasefire is technically holding, the Strait of Hormuz remains a primary risk factor for global energy security," as per ANI.
Experts also asserted, "The market is betting on a Trump-brokered peace. If the second round of talks in Pakistan or Geneva materialises, expect oil to test the USD 90 support level. If they stall, the Hormuz blockade will once again take centre stage."
A high-level call between PM Modi and President Trump on Tuesday also added to the positive mood. Both leaders stressed the absolute necessity of keeping the Strait of Hormuz open for global trade, as per ANI.
