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Ceasefire hopes between US, Iran help nifty to end higher

06 Apr 2026 Evaluate

Indian equity benchmark -- Nifty ended higher on Monday. Index made flat-to- positive start following mixed cues from other Asian markets. Soon, index slipped below neutral line as persistent foreign fund outflow weighted on market sentiments. As per exchange data, foreign institutional investors offloaded equities worth Rs 9,931.13 crore on April 02, 2026. Further, traders were cautious as India's services sector growth momentum rose at the softest pace in 14 months in March, mirroring the slowdown in new business intakes. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March, amid the weakest rises in new business and activity since January 2025. However, in second half of the session, index wiped out all losses and entered into green terrain as market participants showed optimism over a cease fire between US and Iran after reports indicated that US and Iran have received proposal to end ongoing hostilities, including the reopening of the Strait of Hormuz. In last leg of the session, index continued its firm trade and ended above 22,950 mark. 

Most of the sectorial indices ended in green led by Consumer Durables, PSU Bank, and Realty. The top gainers from the F&O segment were Trent, Adani Green Energy and Kalyan Jewellers India. On the other hand, the top losers were Reliance Industries, Oil India and Oil & Natural Gas Corporation. In the index option segment, maximum OI continues to be seen in the 22900 - 23100 calls and 22900 - 23100 puts indicating this is the trading range expectation.

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