Nifty rises more than 2% from lows, ends with minor gains — IT & Banks lead the charge. RBI measures lift rupee to 93.15. Market breadth turns 2:1 in favour of advances.
NIFTY 50 CLOSE
22,202.45
▲ +0.18%
๐ +1.52% from low
NIFTY BANK
48,126.30
▲ from low +3.1%
๐ฅ V-shaped recovery
ADVANCE-DECLINE
2:1
Advances: 1,860 | Declines: 930
USD/INR
₹93.15
▲ ₹1.70 | RBI booster
๐ฎ๐ณ BSE, NSE – Smart recovery from day's low
๐ Nifty IT & Bank indices lead the rebound
๐ต Rupee jumps ₹1.70 to 93.15 after RBI measures
๐ Intraday Rollercoaster: From Panic to Poise
Markets opened with a gap-down amid weak global cues, but support at 22,200 proved rock solid. The index bounced sharply post noon, with heavyweights like Tech Mahindra, HCL Tech, and ICICI Bank leading the charge. Nifty IT index gained over 2% — the only sector in deep green. Meanwhile, the Nifty Bank recouped more than 1,500 points from its lowest level. Market breadth turned decisively in favour of advances (2:1) by the close, confirming the strength of the pullback.
๐ Sectoral Scorecard: IT & Metal Shine
Sector / Index
Change Today
Recovery from Low
Weekly Performance
NIFTY IT
▲ +2.36%
▲ +4.1%
▲ +0.9% (weekly)
NIFTY METAL
▲ +0.85%
▲ +2.7%
Weekly gainer
NIFTY BANK
▲ +0.12%
▲ +3.0%
▼ -1.2% (week)
NIFTY PHARMA
▼ -1.1%
flat recovery
Biggest loser this week
MIDCAP INDEX
▲ +0.4%
▲ +2.0%
▼ -0.8% weekly
๐ Top Nifty Gainers: Tech Mahindra (+2.8%), HCL Technologies (+2.5%), Coforge (+4.2%), L&T Infotech (+3.9%), ICICI Bank (+2.1%).
๐ Market This Week: Sixth Straight Week of Fall — But Losses Trimmed
Despite today's smart pullback, the Indian benchmarks ended lower for the 6th consecutive week. However, Thursday's rebound helped trim weekly losses significantly. The Sensex & Nifty fell just 0.2% each for the week, while the Nifty Bank dropped over 1%. The Midcap index showed resilience, falling less than 1%.
๐ฐ Fund Flow | FIIs Remain Sellers, DIIs Step In
๐ฎ๐ณ FIIs Net Sell (Equity)
-₹9,931.13 Cr
Provisional data • April 2, 2026
๐ฎ๐ณ DIIs Net Buy (Equity)
+₹7,208.41 Cr
Aggressive buying at lower levels
๐ฑ RBI's Decisive Measures Boost Rupee by ₹1.70
The Indian rupee staged a sharp recovery, closing at 93.15 per US dollar, up ₹1.70 from its previous close. The Reserve Bank of India (RBI) announced liquidity-enhancing steps and likely intervened via state-run banks, calming forex markets. A stronger rupee aids FII sentiment and eases imported inflation, contributing to today's market resilience.
๐ Technical View: Nifty 22,200 – A Strong Floor
๐ฐ NIFTY 22,200 STRONG SUPPORT
FOLLOWED BY 21,800
๐ง Aaj closing 22,200 ke upar hua to better rahega ๐
As long as Nifty sustains above 22,200, pullbacks can extend toward 22,550–22,700. Next support stands at 21,800.
๐ Market Breadth Improves Sharply
From a deeply negative breadth in the first half, the final tally turned decisively positive. On the NSE, 1,860 stocks advanced vs 930 declines — a healthy 2:1 ratio. The recovery was broad-based, with mid & smallcaps joining the rally. Volatility index India VIX cooled off ~4% from highs, signaling reduced fear.
๐ Nifty IT Movers (Today's Stars)
Stock
Gain
Coforge
▲ +4.3%
L&T Infotech (LTI)
▲ +3.9%
Tech Mahindra
▲ +2.9%
HCL Tech
▲ +2.5%
Infosys
▲ +1.8%
๐ BOTTOM LINE: The Nifty staged a textbook reversal from critical support of 22,200. With IT and financials leading, and the rupee stabilizing, the market has set the stage for a potential short-term bounce. However, FII selling remains a headwind. Traders should watch 22,200 on the downside; sustained move above 22,400 could invite fresh buying.
