Post-market 2 April 2026: Sensex Recovers 1,700+ Points; Nifty At 22,713; IT, Banks Led

Indian equity markets turned around on Thursday, 2 April 2026. The BSE Sensex dropped by about 1,400 points at the opening, while the Nifty 50 plummeted by about 400 points.

The weakness came after oil prices surged by over $4, following fresh comments from US President Donald Trump on continued strikes targeting Iran’s energy infrastructure.

Despite the sharp fall, selling pressure eased as the day moved on. Buying emerged at lower levels, helping indices trim losses and move back into positive territory by the close.

The Sensex bounced back nearly 1,750 points from its intraday low of 71,545.81. By the close, it was up 185 points, or 0.25%, at 73,319.55. The Nifty 50 also ended higher, gaining 34 points, or 0.15%, to settle at 22,713.10.

Broader Market Analysis

All sectoral indices were in the red at the start of the session. However, the trend changed as buying picked up during the day.

Market breadth improved sharply. The advance-decline ratio on the NSE moved to 2:1, showing that more stocks ended higher than lower.

Information technology (IT) stocks led the recovery; the Nifty IT index rose 2.60%. Banking and financial stocks also supported the rebound. The Nifty Bank index ended 0.19% higher, while the Financial Services index gained 0.25%.

Other sectoral moves:

• The Nifty Realty index climbed more than 1%.

• The Nifty Consumer Durables, Oil and Gas, Healthcare and Pharma indices fell around 1%.

• The Nifty Auto index declined 0.62%.

In metals, Hindalco and Nalco shares moved higher, tracking gains in aluminium prices.

Top Movers & Losers Today

Key gainers included the following:

• Bosch shares rose over 5% ahead of a board meeting.

• Page Industries shares gained around 4%.

• IT shares such as HCLTech, Tech Mahindra, Wipro and Infosys also moved higher.

On the losing side:

• Eicher Motors shares fell over 2%.

• Sun Pharma shares ended lower by 2.11%.

What Drove The Recovery?

The sharp fall at the open pushed indices lower, which drew in buying interest. Traders also squared off short positions near key levels, which added to the recovery.

IT stocks remained firm through the session and helped support the broader market. Banking stocks also contributed as buying picked up in the second half.

After the initial reaction to global developments, there were no fresh triggers during the day, which allowed markets to stabilise.

The Nifty slipped to an intraday low of 22,182.55 before recovering, showing how much ground was regained during the session.

The Indian rupee strengthened sharply during the session. It ended 171 paise, or 1.80%, higher at 93.10 against the US dollar, according to Bloomberg data.

Also Read - Petrochemical Imports Get Duty Relief Amid West Asia Tensions

Closing Note

Markets recovered after a sharp fall at the open on 2 April 2026 and ended the session on a better note. Buying improved as the day progressed, and more stocks moved into positive territory.

Sources:

Mint

CNBC TV18

NDTV