Indian Markets Snap Three-Day Losing Streak
Indian equity benchmarks ended sharply higher on April 27, 2026, snapping a three-day losing streak as the Nifty 50 reclaimed the 24,000 mark and the Sensex rallied over 700 points during the session. The Nifty 50 closed at 24,069.15, marking a strong recovery from the previous session's close of 23,897.95. The benchmark opened at 23,945.45 and traded in a range of 23,936.20 to 24,130.70 through the day.
The BSE Sensex mirrored the uptrend, with both indices posting gains exceeding 0.8 percent. Market participants witnessed a broad-based rally after three consecutive sessions of losses, with the benchmarks recovering from Thursday's sharp selloff that saw the Sensex tank 983 points and the Nifty close below 23,900.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,069.15 | +171.20 | +0.72% |
Sectoral and Stock Action
IT stocks showed strength during the session, with Wipro gaining 2.84 percent to close at ₹205.03 and emerging among the most active counters. The pharma sector outperformed with Sun Pharma surging 6.91 percent to ₹1,732.40, marking one of the day's top gainers. Metals also participated in the rally, with Tata Steel advancing 1.28 percent to ₹212.75 and Hindalco climbing from ₹1,031.00 to ₹1,054.00.
Financial stocks contributed to the upside, with State Bank of India rising from ₹1,091.35 to ₹1,106.00. Shriram Finance gained 2.33 percent to ₹1,030.40, while Nestle India edged up 0.77 percent to ₹1,430.90. Eternal emerged among the most active stocks despite slipping 0.62 percent to ₹255.19.
GIFT NIFTY Tracks Cash Market Recovery
GIFT NIFTY closed at 24,102.5, down 19.0 points or 0.08 percent from the previous close of 24,121.5, trading in a 165-point intraday range from a low of 23,982.0 to a high of 24,147.0. The contract opened at 24,051.5 and tracked the cash market's recovery through the Indian session before consolidating in the final hours.
The offshore derivative instrument witnessed sharp volatility during the Indian market hours, dropping to its session low of 23,982.0 around 14:05 before staging a recovery that took it to the day's high of 24,147.0 at 10:45. The contract traded largely in sync with the Nifty 50's move above 24,000, though it closed marginally below the previous session's level as Session II trading continued.
| Metric | Level |
|---|---|
| Open | 24,051.5 |
| High | 24,147.0 |
| Low | 23,982.0 |
| LTP | 24,102.5 |
| Change | -19.0 (-0.08%) |
GIFT NIFTY heads into Session II trading at 24,102.5, holding above the psychological 24,000 level after a volatile but ultimately range-bound session.