Indian equity benchmarks ended sharply higher on Wednesday, April 15, as sentiment improved after United States President Donald Trump said the war involving the United States and Israel against Iran is 'close to over,' even as recent talks between the warring parties failed to reach an agreement. According to reports from Upstox, the SENSEX surged as much as 1,423 points and NIFTY50 index touched an intraday high of 24,280.90. The SENSEX advanced 1,264 points to close at 78,111 while the NIFTY50 index rose 389 points to settle at 24,231.
InterGlobe Aviation emerged as the top gainer in the NIFTY50 index, rising 4.35% to close at ₹4,620 after crude oil prices dropped in international markets. As reported by Upstox, Brent crude futures declined below $100 per barrel, providing significant relief to aviation sector stocks. Other notable gainers included Power Grid (4.21%), Eternal (4.14%), Max Healthcare (4.06%) and Wipro (3.46%). On the downside, Dr Reddy's Labs (-1.23%), Bharti Airtel (-0.72%), ICICI Bank (-0.3%), Axis Bank (-0.16%) and ONGC (-0.02%) were notable losers in the NIFTY50 index.
The NIFTY Midcap 100 index rose 2.2% or 1,264 points to close at 58,778, with 90 shares ending higher while 10 closed lower. According to Upstox, Groww was the top gainer in the NIFTY Midcap 100 index, rising 6.95% to close at ₹20,225 after global investment firm BoFA Securities said the company is well positioned to capitalize on India's retail investing tailwinds and expects revenue growth of 30% CAGR over FY26-28. Suzlon Energy (6.85%), RVNL (5.59%), Dixon Technologies (5.46%) and OFSS (5.38%) were also among the top gainers. On the downside, Indus Towers was the top loser, declining 3.88% to close at ₹421 after Jefferies highlighted concerns about revenue impact from tower site renewals in 2026 and 2027.
The NIFTY Smallcap 100 index rose 2.35% or 394 points to close at 17,156, with 87 shares ending higher while 12 closed lower. As reported by Upstox, Deepak Fertilisers was the top gainer, rising 11.53% to close at ₹1,195. Other notable performers included Reliance Power (10.88%), PG Electroplast (10.3%), Afcons (9.01%) and Netweb Technologies (7.87%). On the downside, Ather Energy (-3.97%), Delhivery (-1.87%), Wockhardt Pharma (-0.89%), Piramal Finance (-0.84%) and Cohance Lifesciences (-0.82%) were among the top losers in the NIFTY Smallcap 100 index.
