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Sensex jumps over 380 points near 78900, Nifty tops 24450 as banks lead rebound, FII buying and hopes of easing US Iran tensions lift sentiment despite IT metal pressure
Know key factors behind the market rise today
Why Is Market Rising Today? Indian equity benchmarks rebounded sharply on April 20, with the Sensex rising over 380 points to trade near 78,900 and the Nifty 50 crossing the 24,450 mark. The markets recovered strongly from early losses, reflecting resilience despite global uncertainties.
The Sensex and Nifty staged a sharp rebound after a weak start, gaining nearly 650 points from the day’s low. This recovery indicates strong buying interest at lower levels and improved investor confidence.
Financial stocks, especially PSU and private banks, emerged as key drivers of the rally. Stocks like SBI and ICICI Bank saw strong buying, pushing the indices higher. Sectoral trends remained largely positive, with banking, auto, and FMCG supporting gains.
Three Key Factors Behind Market Rise:
1. FII Buying Supports Market Momentum
Foreign Institutional Investors (FIIs) continued to remain net buyers, providing crucial support to the market. Sustained inflows from global investors have helped stabilise sentiment amid volatility.
2. Geopolitical Hopes Aid Recovery
Markets are closely watching developments around the US-Iran ceasefire deadline. Expectations of stability or de-escalation in global tensions have improved risk appetite, aiding the market’s rebound.
3. Selective Buying Despite Volatility
While broader markets remained mixed, selective buying in large-cap stocks helped indices stay in the green. However, IT and metal stocks continued to face pressure, indicating a stock-specific rally rather than a broad-based one.
April 20, 2026, 11:42 IST
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