BSE Sensex gained a whopping 1,422 points to hit 78,270.82 on Wednesday morning, fresh from the holiday commemorating Dr. Baba Saheb Ambedkar Jayanti, to gain some ground. Among the top performers were IndiGo, Eternal, L&T, TCS and Asian Paints.
The Nifty shot up to a morning high of 24,280.90 after gaining 438 points.
In the morning, all but one stock in the 30-pack Sensex were in the green. ICICI Bank was the laggard, but it was minimal, shifting between 0.1 and 0.9 per cent slide. This came after the lender, on Monday night, announced that it would host a conference call with media at 4 pm on April 18, 2026, to discuss the financial results of the Bank for the quarter and the financial year ended March 31, 2026.
Despite ICICI Bank's stock movement, the rest of the BFSI sector looked up. In fact, both the BSE Bankex and Bank Nifty indices were trading more than 1 per cent on Wednesday morning. The biggest gainers were IDFC First Bank and Yes Bank, followed by IndusInd Bank and HDFC Bank.
Almost every sectoral index, from auto to IT and pharma to FMCG, was up.
According to market watchers, Indian markets were mirroring the rally of its Asian peers after oil prices fell below $100 per barrel. The street hopes are pinned on the resumption of the peace deal between Iran and the US.
Oil marketing companies BPCL, HPCL and Indian Oil all saw their stocks jump between 2.5 and 4 per cent.