Indian Developments
The Indian equity markets staged a remarkable recovery during the week ending April 10, 2026, snapping a losing streak triggered by geopolitical fears. The benchmark Nifty 50 closed at 24,050.60, recording a strong weekly gain of 4.05%.
Investor sentiment was significantly bolstered by a temporary ceasefire between the U.S. and Iran, which alleviated immediate fears of a full-scale regional conflict. Consequently, the India VIX cooled off significantly, dropping 17.36% to settle at 18.85, reflecting a notable decline in market anxiety.
The broader market outperformed the benchmarks, with the Nifty Midcap100 advancing 5.45% and the Nifty Smallcap 100 surging 7.13% .
In the debt market, sentiments remained somewhat cautious as the Nifty 10 yr Benchmark G-Sec index saw a marginal decline of 0.70%
Sectoral Developments
Major Gainers: High-beta and growth-oriented sectors led the charge as risk appetite returned. Nifty Realty was the standout performer, soaring 9.02%. Other strong gainers included Nifty Metal (+8.27%), Nifty Auto (+7.79%), and Nifty IT (+6.27%), with the latter continuing its momentum from the previous week.
Sectoral Laggards: Defying the broader market rally, defensive healthcare-related sectors faced selling pressure. The Nifty Pharma index was the primary laggard, declining 1.67%, followed by the Nifty Healthcare Index, which fell 1.31%.
Global Developments
Global cues remained overwhelmingly negative as investors moved toward safe-haven assets.
Other Markets
Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg.
Data for week ended on April 10, 2026.
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