Business News | Sensex, Nifty Rebound Sharply Up over 2%, Amid Easing Iran Tensions and Global Optimism

Mumbai (Maharashtra) [India], April 1 (ANI): India's benchmark indices staged a sharp rebound at the opening bell on Wednesday, tracking a relief rally in global equities amid easing geopolitical tensions. The BSE Sensex opened at 73,630. 84, surging 1683.

29 points or 2. 34% at 9:17 am, compared to its previous close of 71,947. 55 on Monday. Similarly, the NSE Nifty 50 began the session at 22,823. 05, up 491. 65 points or 2. 20%, after ending Monday at 22,331. 40.

Also Read | Stock Market Today: Massive Rally as Sensex Jumps to 73,762, Nifty Up 567 Points Amid Iran War De-Escalation Hopes. In the currency market, the Indian Rupee opened weaker at 96. 717 against the US dollar, compared to its previous close of 93. 57.

Meanwhile, crude oil prices remained relatively stable, with Brent crude at USD 105. 65 and WTI crude at USD 107. 17, slightly below Monday's close of USD 107. 39.

Global cues remained supportive, with Asian markets rallying on hopes of a diplomatic "offramp" in the ongoing Iran conflict. Equities across Japan, South Korea, and Australia advanced, lifting the broader MSCI Asia Pacific Index by 1. 6%.

Investor sentiment improved after indications that geopolitical tensions could ease, potentially restoring stability to energy and equity markets after weeks of volatility. Also Read | Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for April 1, 2026.

Ajay Bagga, market and banking expert, highlighted the shift in sentiment, stating, "The geopolitical tectonic plates shifted overnight as the 'Trump Peace' narrative took center stage, sparking a relief rally across global risk assets.

After a brutal March, the markets are finally exhaling. " He added that the announcement of a potential de-escalation timeline has been pivotal: "President Trump indicated that U. S.