Pre-Market 2 April 2026: Sensex Surges 1,187 Points, Nifty Near 22,700; Rebound Or Resistance Ahead?

Indian equity markets may start the session on a stronger note after Wednesday’s sharp rebound, the first trading day of the new financial year.

The Sensex rose 1,187 points, while the Nifty 50 gained 348 points on 1 April 2026.

The total market capitalisation of Bombay Stock Exchange (BSE)-listed companies increased by about ₹13 lakh crore, reaching around ₹425 lakh crore. The recovery followed a global rally and improving sentiment around geopolitical developments, although gains were trimmed toward the close.

What Happened In Wednesday’s Session?

Markets started strong and stayed positive through most of the day.

Comments from US President Donald Trump that the conflict in the Middle East could end within the next two to three weeks lifted sentiment. Iran also signalled willingness to resolve the situation, which added to the positive tone.

Even so, the presence of sellers at higher levels was visible, as markets gave up part of their intraday gains.

Global Markets And Commodities

In the US, markets extended gains. The Nasdaq gained 1%, the S&P 500 gained 0.6%, and the Dow Jones increased by around 292 points.

Earlier, there were significant movements in Asian markets, with the Nikkei rising 5.2% and the Kospi rising 8.4%. European indices also ended higher.

Brent crude, on the other side, dropped sharply by over 5% at one stage, though it was temporary.

Gold and bond markets also showed a shift in mood. US bond yields moved lower as investors adjusted their expectations on interest rates.

Institutional Flows And Volatility

Foreign investors remained on the selling side. Foreign institutional investors (FIIs) offloaded shares worth ₹8,331.15 crore. Domestic investors helped balance some of that pressure. Domestic institutional investors (DIIs) bought equities worth ₹7,171.80 crore.

Volatility cooled slightly, but not by much. The India VIX came down to 24.07. It shows some easing in nervousness, though levels are still higher than usual.

GIFT Nifty

Early trends look supportive. GIFT Nifty was trading near 22,915, pointing to a gap-up start for the benchmarks. This suggests that the positive tone from global markets could reflect in early trade.

Technical Levels To Watch

Support is placed in the 22,550–22,500 zone. If this level is breached, the index could move lower towards 22,300 and then 22,100.

On the upside, resistance is seen around 22,800–22,850. This is where selling pressure may appear.

Even after the rebound, the daily chart shows a bearish candle. That usually means sellers are still active at higher levels.

Also Read - Post Market 1 April 2026

What Should Investors Expect Today?

The market may start on a positive note. But the session may not be smooth.

The Nifty is now trading at around 17.3 times one-year forward earnings, which is almost 7% less than its 18.6x 10-year average.

Such levels have typically served as a support zone, with the exception of extreme cases.

This suggests that the decline from present levels is modest. However, short-term volatility cannot be completely ruled out.

Sources:

Mint

The Times of India