Mumbai, April 15 (NationPress) The Indian stock markets experienced a significant surge, fueled by optimism surrounding the reduction of geopolitical tensions. This boost followed indications from US President Donald Trump that the conflict with Iran might be approaching resolution, which in turn enhanced investor sentiment and risk appetite.

The benchmark indices concluded the trading session on a robust note, with the Nifty climbing 1.63 percent, equivalent to 388.65 points, closing at 24,231.30.

Simultaneously, the Sensex witnessed an increase of 1.64 percent, amounting to 1,264 points, settling at 78,111.24.

Market experts indicated that from a technical standpoint, the range of 24,300-24,400 is a significant resistance level. A decisive breakout above this range is essential for the rally to progress towards the 24,800–25,000 marks.

“On the downside, immediate support is established near the 24,000 threshold, with a stronger base anticipated around 23,900–23,800, which is likely to function as a critical demand zone,” noted a market analyst.

The rally was widespread, with numerous heavyweight stocks contributing to the gains. Notable performers on the Nifty included InterGlobe Aviation, Max Healthcare Institute, Power Grid Corporation of India, and Eternal.

The broader markets outshone the headline indices, showcasing substantial participation from mid- and small-cap stocks.

The Nifty MidCap surged by 2.20 percent, while the Nifty SmallCap advanced by 2.35 percent.

Sector-wise, construction-related stocks drove the gains, with the Nifty Construction Durable index emerging as the top performer.

Additionally, the IT and media sectors experienced robust buying interest, reflecting improved investor confidence in growth-oriented segments.

Nevertheless, not all sectors witnessed equal participation in the rally, as the Nifty PSU Bank index trailed the broader market, indicating relative weakness in state-owned banking stocks.

Among thematic indices, capital markets, tourism, and railway PSU stocks outperformed, while rural-focused and CPSE indices lagged behind the broader trend.

Analysts attributed the market rally to improving global signals and diminishing geopolitical worries, which helped recover investor confidence and sparked buying across multiple sectors.

Meanwhile, the Rupee traded slightly stronger at approximately 93.36, bolstered by enhanced sentiment following the second round of US–Iran discussions, which have contributed to a decline in crude oil prices over the last two sessions.

“Falling crude prices, now hovering around the $94–95 range, are alleviating pressure on India's import bill and offering short-term relief to the currency,” stated a market analyst.