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Indian stocks staged a strong comeback in Thursday’s session, April 2, recovering all their opening losses and turning positive toward the close. Technology stocks led the rebound, while a recovery in the Indian rupee from its historic low also aided sentiment.

The Nifty 50 and Sensex ended 0.15% and 0.17% higher, respectively. The Nifty Midcap 100 and Nifty Smallcap 100 also saw a sharp recovery from the day’s lows but failed to finish in the green, ending 0.26% and 0.36% lower.

Sectoral performance was mixed. The Nifty IT, Nifty Realty, Nifty Metal, and Nifty Private Bank indices closed higher by 2.60%, 1.07%, 0.39%, and 0.39%, respectively.

On the flip side, Nifty Consumer was the worst hit, falling 0.93%, while Nifty Pharma and Nifty Chemicals also declined by 0.92% and 0.82%, respectively.

The Indian rupee posted its biggest gain in more than 12 years, rising 2%, after authorities intensified their crackdown on speculation against a weaker exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions.

Meanwhile, US President Donald Trump, in his latest address on the Iran war, told US forces would continue to strike Iran “very hard” over the next two to three weeks and bring the country “back to the Stone Ages.” He also touted the success of US operations, arguing that Washington’s objectives have so far been met or exceeded.

He further threatened to target Tehran’s energy infrastructure if the Strait of Hormuz is not reopened. Earlier, Trump had set an April 6 deadline for Iran to reopen the strait, warning of expanded attacks on the country’s power plants if it fails to comply.

The conflict has now largely shifted to the key waterway, which Iran has controlled since the start of the war on February 28.

Latent View Analytics was the top performer among Nifty constituents, rising 19.5% to ₹312 apiece, while OLA Electric shares extended their winning run for a second session, surging another 9.5% to ₹28.3 apiece.

Buying was seen across large- and mid-cap technology stocks, with Birlasoft, Coforge, and Sonata Software leading the rally, each gaining over 5%.

Among large caps, HCL Technologies, Tech Mahindra, Infosys, Wipro, and TCS all closed with gains ranging between 2% and 3.5%.

Both Bosch and Bata India continued to attract buying interest for a second consecutive session, closing 4.9% and 4.6% higher, respectively. Linde India, Page Industries, and Poly Medicure were among other top performers, surging over 4%.

New-age tech stocks also witnessed strong buying, with Swiggy rallying 3.8%, while Nykaa and Groww advanced 2.5% and 2%, respectively. Likewise, Brainbees Solutions rose 1.7% to ₹224.3 apiece.

Besides, real estate stocks, DLF, Brigade Enterprises, and Oberoi Realty all closed with gains of over 2%.

(more to come)Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments.

He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom.

During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles.

He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements.

His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.

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