The Indian stock market witnessed healthy buying in the morning trade on Wednesday, April 15, amid positive global cues. (An AI-generated image)AI Quick ReadStock market today: Frontline indices, the Sensex and the Nifty 50, jumped sharply as a fresh spell of buying engulfed most sectors in early deals on Wednesday, April 15.
The Sensex surged over 1,400 points, or nearly 2%, to an intraday high of 78,270, while the Nifty 50 jumped more than 400 points, or almost 2%, to the day's high of 24,281. The Nifty Midcap 100 and Smallcap 100 indices jumped more than 2% each.
Investors' wealth jumped by ₹9 lakh crore as the cumulative market capitalisation of the firms listed on the BSE rose to ₹458 lakh crore from ₹449 lakh crore in the previous session.
Let's take a look at key factors behind the rise in the Indian stock market:
The market cheered the reports, suggesting the US and Iran could engage in talks shortly to find a permanent solution to their conflict.
As Reuters reported, US President Donald Trump said talks with Iran could resume in Pakistan over the next two days.
Signs of diplomatic engagement calmed market nerves after the first round of talks over the last weekend between the parties failed to fetch a desired outcome.
Brent crude declined further to trade below the $95 per barrel level, boosting market sentiment.
Brent crude futures fell nearly 0.40% to $94 a barrel, after declining almost 5% in the previous session. US West Texas Intermediate crude dropped more than 1% to $90, following an 8% fall in the previous session after President Trump said that the talks to end the US-Iran war could resume in Pakistan over the next two days.
Major markets globally jumped higher as the prospect of the US-Iran talks resuming shortly lifted sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.5% to the highest level in six weeks. Japan’s Nikkei also rallied 1%, while Korea's Kospi jumped 3%.
Overnight, the US stock market clocked strong gains, with the Nasdaq climbing 2% and the S&P 500 rising 1.2%, nearing its record closing high.
(This is a developing story. Please check back for fresh updates.)
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Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.
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He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters.
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His coverage includes stock market trends, sector rotations, monetary and fiscal policy developments, inflation, growth data, and personal finance strategies.
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With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments.
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He regularly interviews market veterans, fund managers, economists, policymakers, and corporate leaders to provide readers with a 360-degree view of market dynamics and the broader economic landscape.
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Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies.
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Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.