| The key equity benchmarks ended with significant gains, extending gains for second consecutive trading session, supported by FII buying amid optimism over the recently concluded India-US trade agreement and positive global cues. Sentiments further lifted by key agreements signed between India-Malaysia. Investors will continue to monitor developments in the ongoing Q3 earnings season. The Nifty ended above the 25,850 mark.
the barometer index, the S&P BSE Sensex jumped 485.35 points or 0.58% to 84,065.75. The Nifty 50 index rallied 173.60 points or 0.68% to 25,867.30. In the two consecutive trading sessions, Sensex and Nifty jumped 0.90% and 0.88%, respectively.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index climbed 1.66% and the BSE 250 SmallCap Index surged 2.45%. The market breadth was strong.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 2.09% to 12.19.
Among the sectoral indices, the Nifty Media index (up 4.37%), the Nifty Consumer Durables index (up 3.60%) and the Nifty PSU Bank index (up 3.34%) outperformed the Nifty 50 index.
Meanwhile, the Nifty IT index (up 0.02%), the Nifty Private Bank index (up 0.23%) and the Nifty FMCG index (up 0.32%) underperformed the Nifty 50 index.
India-Malaysia sign key agreements:
Prime Minister (PM) Narendra Modi visited Malaysia from 7 February to 8 February 2026 and held bilateral talks with Malaysian PM Anwar Ibrahim. The wide-ranging talks during the two-day official visit, marked a significant step in strengthening the Comprehensive Strategic Partnership between India and Malaysia.
India and Malaysia has signed 11 Memorandums of Understanding (MoUs) and exchanged several bilateral documents across a broad range of sectors during Prime Minister Narendra Modi’s two-day official visit to Kuala Lumpur. The agreements, signed in the presence of PM Modi and his Malaysian counterpart Anwar Ibrahim following delegation-level talks, span trade and investment, semiconductors, digital economy, healthcare, security cooperation and peacekeeping, officials said.
The two leaders launched Malaysia-India Digital Council (MLDC) and backed NPCI–PayNet payment link, paving way to introduce India's Unified Payments Interface (UPI) system in Malaysia. This initiative will simplify cross-border payments for businesses and travellers and strengthen financial ties between the two economies.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.40% to 6.760 compared with previous session close of 6.733.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 90.7400 compared with its close of 90.6500 during the previous trading session.
MCX Gold futures for 5 April 2026 settlement rose 0.77% to Rs 156,641.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.24% to 97.41.
The United States 10-year bond yield rose 0.50% to 4.224.
In the commodities market, Brent crude for April 2026 settlement fell 11 cents or 0.16% to $67.94 a barrel.
Global Markets:
European market advanced while Asian markets ended higher on Monday, led by a surge in Japanese stocks following Prime Minister Sanae Takaichi’s historic landslide election victory.
The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house, public broadcaster NHK reported.
A decisive win for Takaichi could be the “best outcome” for markets over the medium term, as strategic investments and tax reform bolster equities, said Sree Kochugovindan, media report said.
Japanese stocks have hit several highs over the past few months, driven by the so-called 'Takaichi trade' as markets expect the prime minister’s economic policies — seen as growth‑focused continuation of Abenomics — to boost equities, while weakening the yen as she pushes for a looser monetary policy and higher government spending.
U.S. President Donald Trump congratulated Takaichi on her victory in a TruthSocial post.
Last Friday in the U.S., stocks surged as tech names recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% from its high in October last year.
The Dow Jones Industrial Average advanced 1,206.95 points, or 2.47%, closing at 50,115.67. Friday marked the first time the Dow exceeded the 50,000 level. The S&P 500 jumped 1.97% and ended at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21. With those moves, the S&P 500 climbed back into the green for 2026.
Even with Friday’s rise, the S&P 500 posted a 0.1% decline for the week, while the Nasdaq fell 1.8% on the week. The 30-stock Dow rose 2.5% week to date, benefiting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.
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