Stock Market Today: Sensex Jumps 600 Points Higher, Nifty Up 160 Amid Mixed Global Cues

Stock Market News Today :

Indian stock markets opened higher as investor focus shifts to planned Iran-US talks. At the open, Sensex was up 200 points while Nifty climbed 60 points.

Earlier, the GIFT Nifty, an early indicator of Nifty 50’s performance, traded at 24,412. Meanwhile, rupee fell 20 paise to 93.36 against US dollar in early trade.

Check 11 AM Market Update

As of 11:00 AM, the Nifty50 was trading 0.73 percent or 179 points higher at 24,543.3, and the Sensex was trading 0.83 percent or 655.2 points higher at 79,175.76.

Check Expert View By InvestorAi

With Brent rising to $95 on fresh US-Iran tensions and India VIX jumping 9% to 18.8, InvestorAi is leaning into domestic capex and energy – a book built to absorb an external oil shock rather than fight it. FII selling persists but DII flows hold the floor; the conviction is that India’s capex cycle compounds regardless of crude.

Where We’re Concentrated

Three lanes carry the weight: commodity/energy downside (ONGC, JSW Steel), heavy-industry capex (BHEL, Grasim), and defensive industrials (3M India). If Brent cracks back toward $85 on a US-Iran breakthrough, the energy leg unwinds fast – but the capex spine carries independent domestic demand support.

With the ceasefire due to expire this week, market participants are remaining cautious as they await further clarity. Oil prices have risen, though they remain below the $100 mark, while the rupee has weakened, adding to worries over inflationary pressures. Despite these challenges, investors are placing some focus on the ongoing Q4 earnings season.

India is likely to face a power crunch this summer as rising heatwaves drive electricity demand while gas and hydro power production decline. This underscores the growing importance of wind energy. Suzlon Energy shares have showed strong momentum, although analysts advise caution on fresh investments. The company has also entered a renewable energy partnership with a Korean firm.

The Indian equity benchmarks are set to open higher on Tuesday, April 21, as indicated by GIFT Nifty futures. NIFTY futures at GIFT City in Ahmedabad advanced 73 points to 24.405 amid positive cues from Asian markets despite unstable geopolitical situation in West Asia.

The Indian equity benchmarks ended on a flat note on Monday, April 20, as investor sentiment turned cautious after reports suggested that ceasefire between United States and Iran appeared in peril after the US said it had confiscated an Iranian cargo ship.

The SENSEX ended 27 points higher at 78,520 and NIFTY50 index advanced 11 points to close at 24,365.

Here are key things to know before market opens:

Asian markets
Most of the Asian markets were trading higher despite uncertainty over talks between US and Iran to end the war as April 22 ceasefire nears. Japan’s Nikkei rose 1.3%, Hong Kong’s Hang Seng advanced 0.6%, South Korea’s KOSPI rose 2.23% and China’s Shanghai Composite declined 0.2%.

wall street update
Overnight, US stocks come off record highs as oil prices surged above $95 per barrel in international markets. Dow Jones Industrial Average ended on a flat note, S&P 500 declined 0.24% and tech heavy Nasdaq declined 0.26%.

US-Iran talks update

Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a US blockade of Iran’s ports, a significant obstacle to Tehran joining peace efforts as the end of a two-week ceasefire approaches.

FII/DII activity
Foreign institutional investors sold shares worth ₹1,060 crore on Monday while domestic institutional investors purchased stocks worth ₹2,967 crore, as per NSE data.

Stocks to watch

HCL Technologies (HCLTech): IT services company HCL Technologies (HCLTech) on Monday announced the appointment of Kimsuka Narsimhan as an independent director with immediate impact.
A chartered and cost accountant by qualifications, Narsimhan brings over 35 years of experience in the consumer goods industry, having held senior leadership roles across finance, risk management, strategy, and business transformation at leading global organisations.

“HCLTech, a leading global technology company, today announced the appointment of Kimsuka Narsimhan as an independent director with effect from April 20, 2026,” according to a release.

Mining major Vedanta on Monday said its board has approved May 1, 2026, as the effective date for the demerger of its aluminium, merchant power, oil and gas, and iron ore verticals into separate listed entities.
In a filing to BSE, the company said that “the board of directors of the company at its meeting held on April 20, 2026, as part of the ongoing restructuring process, has, inter alia, approved to make the scheme effective on May 1, 2026.”

The company also added that in consultation with other entities involved, the board has fixed May 1 as the record date for determining the shareholders eligible to receive consideration pursuit to the scheme.

“The board … as part of the ongoing reorganization process, has, inter alia, approved. In consultation with VAML, TSPL, MEL, and VISL, the Board has fixed May 1, 2026, as the record date for determining the shareholders eligible to receive consideration pursued to the Scheme,” it said.

Narsimhan has worked across multiple geographies, including Europe, the Middle East and Africa, India, and Southeast Asia.

PNB Housing Finance:

PNB Housing Finance on Monday reported a 19% rise in net profit to ₹656 crore in the March quarter.
The housing finance company promoted by the Punjab National Bank had earned a net profit of ₹550 crore in the same quarter a year previously.

Total income during the fourth quarter of the last fiscal year rose to ₹2,172 crore from ₹2,037 crore logged in the year-ago period, PNB Housing Finance said in a regulatory filing.

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