Sensex and Nifty Rebound with a 500-Point Surge Amidst Market Recovery

Stock Market Update: Sensex Rises 500 Points, Nifty Up by 130 Points; Realty and Auto Stocks Lead Gains

On April 2, the Sensex climbed nearly 500 points, trading at 76,500, while the Nifty gained over 130 points, reaching 23,300.

Sectoral Performance

Realty sector saw the highest gains, with the Nifty Realty Index up by 2.69%.
Auto Index also rose by approximately 1%.
IT, FMCG, Metal, and Pharma indices recorded gains of around 0.50%.
The Nifty Oil & Gas Index experienced a slight decline.

Global Market Trends

Asian Markets:
- Japan’s Nikkei rose 0.04%.
- Hong Kong’s Hang Seng gained 0.17%.
- China’s Shanghai Composite increased by 0.24%.
US Markets (April 1):
- The Dow Jones fell 0.028%, closing at 41,989.
- The Nasdaq Composite gained 0.87%.
- The S&P 500 Index closed 0.38% higher.
Foreign Institutional Investors (FIIs) sold stocks worth ₹5,901 crore, while Domestic Institutional Investors (DIIs) purchased stocks worth ₹4,322 crore.

Anand Rathi Share & Stock Brokers Ltd to Launch ₹745 Crore IPO

Anand Rathi Share & Stock Brokers Ltd, a part of the Anand Rathi Brokerage Group, is set to launch its initial public offering (IPO) soon. The company has refiled its IPO papers with SEBI, and the issue size is ₹745 crore.

Yesterday’s Market Decline

On April 1, the stock market witnessed a significant decline:

Sensex dropped 1,390 points (1.80%), closing at 76,024—marking the second-largest drop of the year.
Nifty fell 353 points (1.50%), ending at 23,165.
The biggest decline of the year occurred on February 28, when the Sensex plunged 1,414 points (1.90%).