Post Market, 07 April 2026: Benchmarks Close In Green After A Weak Start

Markets were under pressure at the start of Tuesday, but the weakness did not last too long. The market went up as the session progressed and eventually moved into positive territory.

The recovery was supported by gains across sectors, even as global cues remained mixed. Volatility also stayed elevated through the day before easing towards the close.

Closing Bell

Sensex rose 509 points to close at 74,616. Nifty 50 also gained 155 points to settle at 23,123.

Broader Markets

The broader market also saw some positive movement, though not everything moved in the same direction. Midcaps edged up 0.3%, while smallcaps ended largely flat.

On the sectoral side, most indices closed in the green. IT stocks saw stronger buying, rising around 2.5%, while realty and metals gained about 1.7% and 1.5% respectively. Media stocks also moved up close to 1%.

However, consumer durables and PSU banks were exceptions to this, ending the session in the red.

How Did The Markets React Through The Session?

Markets started on a weak note, with indices slipping in early trade. The pressure continued in the first half before easing later in the session, helping markets recover well from the day’s lows and move higher by the close.

Brent crude was trading above the $110 per barrel mark, keeping concerns around inflation and supply in focus.

On the geopolitical front, Iran has rejected the proposed 45-day ceasefire, indicating it is not in favour of a temporary pause. This has reduced hopes of any near-term de-escalation and kept uncertainty in place.

Volatility remained elevated through the session. The India VIX went up to 26.25 during the day before easing to 24.69 towards the close.

The rupee opened slightly stronger at ₹93 per US dollar. This was 6 paise up compared to the previous close of ₹93.06, offering some support to market sentiment.

Asian markets traded higher during the day, helping to stabilise sentiments after the early weakness.

Commodities Watch: Gold And Silver

Gold and silver saw a mixed start to Tuesday’s session, reacting to ongoing tensions in West Asia and a stronger US dollar.

In early trade (09:12 IST), gold futures on the MCX were marginally higher at ₹1,49,989 per 10 grams, while silver slipped 0.31% to ₹2,32,650 per kg.

By midday (12:47–12:52 IST), both metals edged lower. Gold dipped 0.13% to around ₹1,49,785 per 10 grams, while silver was down 0.29% at ₹2,32,705 per kg.

Later in the session (around 15:01 IST), both metals moved higher. Gold was up 0.31% at ₹1,50,450 per 10 grams, while silver inched up 0.27% to ₹2,34,020 per kg.

However, both were still trading below their previous day’s close, indicating that the recovery remained limited.

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What Should Investors Watch Next?

Markets have recovered from the day’s lows and ended higher, which changes the near-term mood a bit. What matters now is whether this strength continues in the next few sessions.

With the ceasefire proposal rejected, the US-Iran situation stays in focus. Rupee levels and crude oil prices will also continue to be significant factors.

Sources:

Livemint

Moneycontrol

NDTV